Russell Investments earns implemented consulting assignment from NESS super
Implemented consulting pioneer delivers tailored solution to support positive member outcomes
SYDNEY, 13 December 2017 – Global asset manager Russell Investments today announced that NESS Super—which serves electrical contracting, communication and associated industries in New South Wales—has selected the firm as its implemented investment consultant to help manage AUD$700 million in assets. These assets recently transferred to Russell Investments.
"We’re very pleased for the opportunity to work closely with NESS Super to help them achieve strong investment outcomes for their members," said Jodie Hampshire, managing director, Australian Institutional, at Russell Investments. "Our role will feature investment consulting and implementation advice as well as the delivery of cutting-edge investment strategies to deliver strong outcomes in accordance with NESS Super’s needs."
NESS Super, which was formed in 1987, serves more than 14,500 pension and super members. They offer seven superannuation investment options for retirement accumulation accounts and six pension investment options. Following a detailed and comprehensive review, NESS Super’s Acting CEO Peter Murphy said they turned to Russell Investments in large part due to the firm’s extensive experience with superannuation funds, comprehensive range of investment capabilities and willingness to engage in complexity.
"NESS is of the strong conviction that Russell Investments will help deliver solid, repeatable investment performance for its membership," Mr Murphy added. "Russell Investments, with a strong investment engine and innovative staff, are the ideal partner for resource constrained funds who are committed to providing excellence for their members."
As NESS Super’s implemented investment consultant, Russell Investments supports the client’s reporting requirements and investment options, allowing them to focus on delivering higher value service to their members.
"Our ability to offer an array of investment solutions, specifically tailored to the needs of each client, is resonating in the superannuation community," Ms Hampshire said. "This includes a range of client superannuation funds drawing on the firm’s extensive investment capabilities to deliver cutting-edge investment solutions and great value for their members."
Ms Hampshire added that increasing interest in the firm’s implemented consulting model is driven in large part by the market’s dynamic nature.
"In today’s market environment investors need to be equipped with access to diverse, effective and nimble investment strategies," Ms Hampshire said. "We believe our world-class, investment capabilities uniquely position Russell Investments to assist superannuation funds achieve their investment outcome objectives. Also, importantly, our experience in the superannuation market means we are well placed to assist our superannuation client with additional investment-related needs such as stress testing and other compliance requirements as well as member communications."
About Russell Investments
Russell Investments, which pioneered the concept of implemented consulting services in Australia in 1997, is one of only a few firms that offers actively managed multi-asset portfolios and services that include advice, investments and implementation. Russell Investments stands with institutional investors, financial advisors and individuals working with their advisors—using the firm’s core capabilities that extend across capital market insights, manager research, asset allocation, portfolio implementation and factor exposures— to help each achieve their desired investment outcomes. The firm has AUD$368.6 billion in assets under management (as of 30/9/2017) and works with more than 2,500 institutional clients, independent distribution partners and individual investors globally.
Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world’s major financial centers such as London, Paris, Amsterdam, Sydney, Tokyo, Shanghai, Toronto and New York. For more information about how Russell Investments helps to improve financial security for people, visit https://russellinvestments.com/au/
Issued by Russell Investment Management Ltd ABN 53 068 338 974, AFS Licence 247185 (RIM). This document provides general information only and has not been prepared having regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. This information has been compiled from sources considered to be reliable, but is not guaranteed. This document is not intended to be a complete statement or summary. Copyright © 2017 Russell Investments. All rights reserved. This material is proprietary and may not be reproduced, transferred, or distributed in any form without prior written permission from Russell Investments.
Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management.
AUSS2-00018. First Used: December 2017