Seller Details:
Located in Sydney, Australia, InvestSense will merge its’ expert institutional and wholesale investment consulting, portfolio management and investment research business with Betashares’ managed accounts business. InvestSense brings $5B (AUM) to the merger, and Betashares will contribute $3B (AUM).
Buyer Details:
Founded in 2009, Betashares are one of the country’s largest investment managers, with over $50 billion in assets under management. Betashares’ solutions include Australia’s largest range of exchanged traded funds (ETFs), diversified portfolios, expansive investing options through the innovative platform, managed accounts, Betashares Direct, and Superannuation.
Transaction Summary:
InvestSense and Betashares’ agreement to merge and form a new entity named Trellia Wealth Partners is a significant development for Australia’s financial advisory landscape. Trellia will deliver a leading range of investment solutions across Betashares’ low cost, index-based model portfolios, InvestSense’s actively managed flagship portfolios, as well as fully bespoke portfolio solutions.