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Yellow Brick Road creates funds management entity
Yellow Brick Road (YBR), the one-stop-shop financial services franchise run by Mark Bouris, has added internal funds management to its array of services.
YBR has teamed up with Coolabah Capital Investments to form a new entity, YBR Funds Management (YBRFM), which will offer low-risk fixed income products to YBR customers.
Bouris, who is executive chairman of YBR, said the newly offered product would appeal to people who wanted to diversify away from the volatility of the share market - whether they were retirees or younger savers.
"Yellow Brick Road Funds Management has been developed to democratise access to funds management and make 'top end of town' investment advice available to all Australians, not just a chosen few," Bouris said.
The board of YBRFM will comprise of YBR chief executive Matt Lawler, YBR head of product development Scott Walters, chairman of Coolabah Capital Darren Harvey and Rismark International founder Christopher Joye.
Harvey said the products offered by YBRFM would cater to Australians' "tremendous appetite for defensive strategies that protect against extreme market volatility".
For his part, Joye said the new products would help Australians rebalance their portfolios away from risk assets such as Australian shares, global shares and commercial real estate.
"Domestic savers are in desperate need of genuine diversification, and YBRFM has the opportunity to supply them with this via its suite of products," Joye added.
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