Principal Global Investors has celebrated its second triumph since its split from BT Financial Group by winning over four dealer groups with its diversified fixed income fund in recent weeks.
Magnitude Financial Planning, PKF, Avenue Capital Management, ANZ Private and Lifespan Financial Planning have included the Principal Global Strategic Income Fund on their approved product lists (APL). Its fixed income fund and Principal Properties Securities Fund can now be used by 1140 advisers.
"To add to our success, we've been named as preferred partner for St George in recognition of our strong ratings, top quartile performance and commitment to building a sustainable, differentiated business here in Australia," Principal Global Investors platform and adviser sales director Giles Gunesekera said.
Following a strategic promotional campaign Genesys Wealth Advisers, Lonsdale Financial Group, Prosperity Advisers and Asteron added the fixed income fund to their APL last October.
Principal Global Investors has hired client service officer Rudi Tot, previously with Colonial First State, to improve retail and institutional business service.
Sydney-based diversified asset management company Principal Global Investors is a member of the Principal Financial Group which also has operations in the United States, Latin America, Europe and Asia. It manages more than US$176.4 billion largely for retirement plans and other institutional clients.
