New investment consultant for $2bn industry fund

An industry super fund with $2 billion under management has ended its nine-year relationship with JANA, seeing in the New Year with a new primary investment consultant.

AvSuper, winner of this years' SelectingSuper Consumer Choice award, appointed Frontier Advisors following a comprehensive tender review process conducted by KPMG.

"We have had a great relationship with our previous consultant for nine years, and want to thank them for their service over that time," AvSuper Investment Committee chair Denise Allen said in a statement. "Now we are excited to start work with Frontier."

Frontier Advisors chief executive Damian Moloney said the appointment was a strong endorsement of the company's unique customised, knowledge sharing approach to providing advice and research, "an approach which is strongly aligned to our client's best interests and, ultimately for a fund like AvSuper, the interests of members as well."

AvSuper becomes the second major asset consultant appointment for Frontier Advisors this year, alongside LUCRF Super which announced their intention to end its 12-year relationship with Willis Towers Watson in September.

The move followed a full review of the fund's asset consulting requirements by Rice Warner which assessed the capabilities, alignment with LUCRF Super's requirements and proposed operating models of consultants.

"As a result of the review process, Frontier was considered to be the best overall fit for LUCRF Super, taking into account its expertise in asset allocation, track record advising industry funds, capability of specialist consultants, cultural alignment and the strength of the team put forward to service the fund," Rice Warner senior consultant Michael Berg said.

Frontier Advisors will commence work with AvSuper in January 2018.

Read more: Frontier AdvisorsAvSuperLUCRF SuperSelectingSuperConsumer ChoiceWillis Towers Watson
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