The latest research from wealth management firm Altus Wealth Management suggests the company could see its share price rise by up to 70 per cent this year.
Photo: Alex Ellinghausen Altus, which was founded by former investment banker, is the latest in a series of wealth management firms to show signs of life after being acquired by private equity group Fidelity Investments.
Mr Altus said his investment fund was currently the only one to have outperformed the S&P 500 over the past year, with an average return of 25 per cent.
“It is a really good time to be an investor,” Mr Alts said.
“We believe that there is a huge amount of potential for wealth management to be a great way to make money in the short term.”
Altus chief executive officer David Hochman said the investment fund’s performance in the past three years was based on the results of an algorithm, which analysed the company’s performance over time.
“If you want to take advantage of the market in the long term, we think you should be investing in the growth of wealth managers,” Mr Hochmen said.
Mr Huchman said that Altus had “some of the best performance among the top 30 funds”.
“We’ve got the strongest balance sheet in Australia,” Mr Dunstan said.
Altus started in 2003 and has expanded into other areas of the economy including the banking sector.
Mr Dunston said the company was able to focus on three areas: education, healthcare and retirement.
Altuses wealth management clients include the University of Queensland, which Mr Dunsons business partner owns a majority stake.
“This is a big part of our growth strategy,” Mr Moulton said.
”We want to grow into areas like education and health and we want to focus in on healthcare.
“And we want people to be aware that we are one of the most trusted providers in the market.”
Altuses investments have also benefited other investors.
“When we were first started, we had no idea what to expect,” Mr Fuchs said.