IT’S TIME TO LOOK BEYOND BANK DEPOSITS

IT’S TIME TO LOOK BEYOND BANK DEPOSITS

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Melbourne-based IPO Wealth is targeting high net worth investors that it believes have too much “lazy” cash sitting idly in bank term deposits and earning low rates of return with a new disruptive investment product.

The IPO Wealth Fund provides customers with advertised rates that are between 2% to 4% higher than the Reserve Bank of Australia's base rate across term deposit options of 3, 6, 12, 24, 36 and 60 months.

IPO Wealth's Managing Director, James Mawhinney, said “We have entered the market with an investment product tailored specifically for high net worth customers because most fixed term deposit providers pay a similar rate of return and offer a very limited uplift for larger deposits”.

Making Smart, Strategic Investments in Growth Companies

IPO Wealth has a portfolio of debt and equity investments in growth companies, which supports its cost structure and gives investors the opportunity to earn higher return rates than typical bank term deposits. The company's investment strategy is to scan the globe and identify businesses that are undergoing a period of growth and that need access to capital.

"As an innovative and disruptive company, we like to focus on growth industries, the ones that are generating above average returns. These include mobile payments, mobile apps, fintech, big data, smart cities, internet services, e-commerce, sharing economy companies, mining technology, software, and gaming," said Mr Mawhinney.

“We consider we can't afford not to be in these industries, given the returns that can be achieved by working with technology-based businesses.  That being said, IPO Wealth initiates its investments with a clear exit strategy in place.”

Thankfully, we are not a bank

IPO Wealth advises its investors that it is not a bank and that the investment product has a higher risk than cash investment products.

"We're proud of the fact that we aren't a bank and don't have the same red tape and cost structure that banks have.  Our structure provides investors with the opportunity to benefit from better rates of return as a result" said Mr Mawhinney.  


Media Contact: Warrick Lace, NWR Communications

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Mob: 0404 656 408

 

IT’S TIME TO LOOK BEYOND BANK DEPOSITS
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