Crestone Wealth Management has allocated to a Melbourne boutique’s real assets fund that targets 7-11% per year in returns while aiming for a measurable social impact.
The HNW advice firm will use Conscious Investment Management’s impact fund, which invests in property and infrastructure like specialist disability accommodation, affordable housing, community rooftop solar and social impact bonds.
Crestone said it expects 7-11% per year in returns from the fund, with current cash yield at 6% of the returns.
“At Crestone, we are committed to providing value-aligned investment solutions for our clients that deliver truly competitive returns. We are excited to be partnering with Conscious Investment Management, a leader in impact investing, and we believe our partnership will unlock investment opportunities for our investors that can deliver real social impact,” Crestone chief investment officer Scott Haslem said.