Collective century of JMIS expertise unlocks options

Collective century of JMIS expertise unlocks investment options

Today marks a new beginning for the former Sovereign-owned Select Wealth Management product. As of 1 December, all of the Select Wealth Management staff will be relocated to JMIS offices, and the discretionary investment management service offered will only be available to clients who have transitioned to the JMIS-managed service.

Since receiving the go ahead from the FMA earlier this year to manage the new service, investment consultants JMIS have been working hard to support advisors and their clients to complete the required documentation to navigate the transition from the Sovereign administered service.

Director Andrew Kelleher says that transition has been incredibly successful and is almost complete, with the current rate of transitioning clients likely to result in over $500 million of funds joining the new service. Advisers representing over 90% of the funds under administration have signed agreements with JMIS.

“It’s been an exciting period. The response to the change has been overwhelmingly positive, exceeding our expectations and reinforcing the trust and confidence advisors have in our investment advice. Advisers have been working really hard to complete client documentation, which has been particularly impressive”.

Mr Kelleher says Sovereign developed a sound product and have been very supportive during the transition period. JMIS look forward to building on and developing an even better proposition for Select Wealth Management, utilizing the DIMS license, the Select Model portfolios and investment research and management expertise, to ensure sophisticated investing remains easy for advisers and clients.

“JMIS have a proven track record of looking after peoples’ money. We have the best interest of the client at heart. We are committed to helping grow their wealth using an active investment approach to deliver the best results.”

About JMIS

JMIS is owned and managed by Ross Jewell, Alan Lee and Andrew Kelleher, who collectively have over 100 years of experience in financial markets. As well as Select, JMIS provides expertise on a wide range of investment vehicles and services to corporate clients, superannuation funds, private individuals, family and charitable trusts.

ENDS

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