Media Super, the industry superannuation fund for print, media, entertainment and arts professionals, has announced it has reappointed Frontier Advisors to provide investment advice and services. The $4 billion fund undertook an extensive market review after inviting five major asset consultants to tender.
Media Super CEO, Graeme Russell, confirmed the decision was made after thorough scrutiny of proposals including extensive discussions and on-site reviews with short-listed candidate firms. “Despite our long-standing relationship with Frontier, the Board carefully and objectively considered all options available to us to ensure that we are getting the best independent advice at good value for money. The independent nature of the advice and the quality of people we work with at Frontier were keys to their success in this tender process. We look forward to continuing our investment strategy partnership with Frontier”, Mr Russell said.
There is an additional reason to be pleased following reappointment from another long term client in Deakin University, and the addition of three other new clients, all within the last two months. From the philanthropic sector, the Helen Macpherson Smith Trust and Lord Mayor’s Charitable Foundation have each appointed Frontier to provide insight and advice to their respective investment committees, the former specifically working with Frontier’s asset allocation team. They are joined by Monash University, with the three adding an additional dimension to Frontier’s non-superannuation fund client base.
CEO, Damian Moloney, explained: “It’s a wonderful endorsement and vote of confidence in our advice to be reappointed by clients such as Media Super and Deakin University. We thank them for their continued support and look forward to continuing to work in close partnership with both of them.
Equally exciting is the addition of new clients to our business, and we are delighted to add further to the breadth of sectors we now advise through these recent appointments. The landscape for investment advisors is rapidly changing so we’ve needed to adapt and respond to that, and we’re certainly seeing a positive response from the market to those changes. And, still with one of the best consultant to client ratios in the industry, the capacity for further growth in clients remains”, Mr Moloney said.