Pat Garrett and Brian Watson founded Six Park in 2014 while working together at Mr. Watson?s investment management firm in Melbourne, Australia. Pat and Brian met in the mid-1990s while Brian was managing the global private equity and venture capital investment unit of JP Morgan (New York), and have been working together in Melbourne since 2001.
In June 2014, Pat and Brian started building a better solution for Australian investors. They decided they could no longer ignore a major problem in Australia?s investment management industry ? namely, that it was difficult, confusing, expensive and frustrating for most Australian investors to get professional, low-cost investment advice. Worse, there was ample evidence that investors? best interests were not being looked after.
Six Park solves this problem by providing highly professional investment guidance and management that is on-line, low-cost and easy to use.? Six Park is now a management team of seven, plus a world-class Investment Advisory Committee, chaired by Mr. Watson (former Chairman of JP Morgan Australia) and including Mr. Lindsay Tanner (former Minister of Finance) and Mr. Paul Costello (founding GM of the Australian Future Fund).? The service combines the best of innovative technology, automation, sophisticated investment theory and human oversight, and is totally transparent about its offering and fees.
|Audience||Retail investors seeking low-cost automated investment management.|
|Fees||0.5% per annum if your account balance is between $10,000 - $199,999
0.4% per annum if your account balance is between $200,000 - $499,999
0.3% per annum if your account balance is $500,000+
|Portfolio composition||Portfolios comprise up to seven asset classes, each of which has its own risk/reward profile.|
|How to join||The first step is to complete a short online questionnaire. This helps Six Park understand your personal circumstances, financial goals and risk tolerance and also allows them to determine whether their investment portfolio options are appropriate for you. They match your responses to a recommended asset allocation strategy. Finally they take you through our simple online account set-up.|
|Investment manager||Six Park’s investment advisory committee is made up of Brian Watson AO (former JP Morgan Australia Chairman), former Federal Finance Minister Lindsay Tanner, and Paul Costello, the founding General Manager of Australia's Future Fund.|