Sydney (March 16, 2015) ‐ PIMCO, a leading global investment management firm, has today announced its plans to internalise the distribution of PIMCO funds in Australia. Equity Trustees will transfer distribution responsibilities of the PIMCO funds to PIMCO over the coming months, marking the start of a complete transformation of PIMCO’s Global Wealth Management distribution strategy in Australia.
Equity Trustees will continue to act as the Responsible Entity for the PIMCO funds.
As part of the transition, PIMCO is planning to implement a number of changes designed to deliver exceptional service to clients, including:
- A change in organisational structure and an expansion of the team
- The launch of new strategies aimed at providing additional solutions to clients
- A greater focus on education and tools to help advisers sustain and grow their business
‘For PIMCO, creating one engagement model for all PIMCO products is a natural part of PIMCO’s continued evolution as a complete provider of investment solutions.’ said Adrian Stewart, PIMCO’s Head of Australia. ‘We anticipate a number of benefits as a result of this transition which will help to better serve our clients.’
‘It’s critical to ensure PIMCO is as close as we can be to our clients to understand their requirements and deliver innovative investment solutions to help their clients achieve their long term objectives.’ said Mr. Stewart.