Stacey joins up with Foundry

Tuesday, June 16th 2015, 9:32AM

Norman Stacey's Diversified Investments is joining up with Foundry Asset Management for the company's DIMS service.

Diversified’s methodology will ahead form part of Foundry Asset Management’s process, with Foundry utilising the process in its Discretionary Investment Management Service – for which a DIMS application has recently been lodged with FMA .

Stacey has joined Foundry’s Investment Committee, joining Louis Boulanger, Dr Roger Su, and Stephen Rogers.

He says the asset allocations of the two firms are similar, and actual model portfolios are expected to align over time.

"The combined capability allows a well-resourced entity going forward, providing leading independent strategies," Stacey says. "Diversified and Foundry’s in-house research is designed to position Individually Managed Account owners ahead of likely events."

The investment advisory services will be offered through Foundry Asset Management.

Tags: Foundry AM Norman Stacy