Eric Blewitt will take over as managing director of Investment Trends later this month, while Sarah Brennan will become chair of the research house’s newly created advisory board.
Blewitt has over 25 years of experience leading wealth management and capital markets businesses, working with boards and regulators. He also previously worked with Investment Trends, serving as COO between 2012 and 2013.
Most recently, he was Managing Director of AUSIEX, a position he left in August after nine years, including at CommSec Adviser Services.
“I am thrilled to join such a respected global company whose work provides meaningful insights helping its clients shape their strategy through invaluable research and insights,” said Blewitt.
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“I have seen the insights and value Investment Trends can offer its clients and I am very excited to lead the business into its next phase of growth.”
Meanwhile, as Chairman of the Advisory Board, Brennan is focusing on strategy and partnerships while supporting Blewitt in an orderly transition.
Having worked with Investment Trends in the past, Brennan said Blewitt is already well known and highly regarded by many of our clients and staff – and will be up and running.
“I am thrilled to welcome an executive of Eric’s experience as general manager,” Brennan said.
“Eric has extensive experience in wealth management and business behavior, as well as the entrepreneurial and dynamic attitude that defines Investment Trends.”
She added: “The Investment Trends team does a phenomenal job of supporting our clients through the provision of our unique statistical insights.
“Over the past few years, we have evolved our product, geographies and technology and I welcome the opportunity to continue to support the business as we accelerate our strategic evolution.”
Separately, the latest Investment Trends Advisor Product and Marketing Report found that rising inflation and interest rates, along with other geopolitical events, contributed to a sharp drop in expectations. financial advisors for the next 12 months.
The report says advisers expect capital growth of just 0.7% on average, down from 3.5% a year ago.
While diversification continues to be the top priority when selecting investments for clients (cited by 68% of advisors), advisors who are highly sensitive to economic conditions favor liquidity, protection and high-yield products.
Director of investment trends research, Dougal Guild, said that with rising interest rates, the proportion of new clients’ money going into cash, term deposits and other fixed income products rose 43% this year, the highest in some time.
“While poor performance and a lack of trust are the main drivers of attrition for fund managers, advisors indicated a preference for reliable customer service and impactful communication, making this an important priority for fund managers. vendors to proactively engage with their customers to help solidify user loyalty,” Guild added.