We are pleased to announce that today marks the start of State Super’s new partnership with us. Fifteen of State Super’s dedicated investment and operations specialists, led by Chief Investment Officer Charles Wu, move across to Frontier, where they will continue to support State Super members’ interests and introduce a new Independent Chief Investment Officer, or ‘ICIO’ model, to Frontier’s capabilities.
In turn, State Super, in an industry-first deal, will become a 23.66% shareholder of Frontier.
Frontier has worked as an adviser to State Super for 20 years and the two firms have been in talks about the partnership for some time. This solution will address the natural challenges for the State Super investment team as aging members exit and funds under management decline.
This collaboration will provide State Super members with the security of retaining the technical skills of a team adept at managing their funds.
“It’s gratifying to see the new model become a reality,” said John Livanas, CEO of State Super. “We have now got the team for today and tomorrow, and there is a growth vector for that team at Frontier, which gives them a great opportunity”.
The capability the investment team brings into Frontier, will instantly enable us to expand our services with the introduction of our ICIO model, and will not only support the investments of State Super members but will offer other potential clients a unique capability.
Frontier Advisors CEO Andrew Polson said “we’re tremendously excited to welcome Charles and his team into Frontier”.
“Our unconflicted advice model is well known in the market and that won’t change. But Frontier can now provide investors with institutional grade end-to-end investment services that let them retain control over their own investment policy, strategy and portfolio construction without needing to compromise on the ability to choose their own investment products in the process.”
