Philo Services

Philo offers 4 key areas of expertise that can be accessed individually or in any combination. No two Philo clients have the same service mix and our expectation is that the tailoring of our services means this will continue to hold true. Philo’s 4 service lines are:

Portfolio Construction And Asset Allocation

Portfolio Construction and Asset Allocation

At the core of Philo’s portfolio construction services is the belief that markets are inefficient and can remain over or undervalued for significant periods of time. In addition, we are of the view that modern portfolio theory does not adequately deal with the real world risks faced by investors. Accordingly, our portfolio construction approach has the following features:

  1. We measure and address real world risks to investors:
    • The risk of running out of money
    • The risk of capital being eroded by inflation
    • The risk of not meeting objectives
  2. Asset allocation is active, reviewed quarterly, using wide ranges
  3. We have developed sophisticated market valuation models that provide clear valuation signals and market return outlooks and which greatly assist us to monetise market valuation calls.
  4. We provide a range of asset allocation models across the risk spectrum and support the quarterly reviews with very detailed papers that set out past performance, outlook scenarios and probabilities. They also include the rationale for change, target exposures for each portfolio and sub asset class investment recommendations that pick up how best to respond to prevailing market conditions when choosing sub asset class themes.

By helping investors to understand why their portfolio is structured a certain way and the range of potential volatility and return outcomes, we seek to achieve a “no surprises” relationship which makes investors more resilient in the face of adversity and which provides a more robust basis to assess whether a client’s goals can be reliably met. Please contact us if you would like to arrange a detailed presentation of Philo’s approach to market valuation, risk measurement and asset allocation.


Managed Accounts

We currently administer approximately $3 billion of end investor funds in managed accounts and this number continues to grow rapidly as more practitioners warm to the benefits of managed accounts. Philo uses proprietary managed accounts software that has been developed from over 15 years of experience. Our managed accounts team is also very experienced in the operational demands of managed discretionary accounts. We administer both retail and wholesale portfolios, with the vast majority of accounts being multi asset class portfolios.


Using managed accounts is for many practitioners and investors a superior way to manage a portfolio. Managed accounts free up significant amounts of staff time through removing the need for administration that adds little real value. This time saving can be used to provide more meaningful services to end investors or can be directed to marketing activities. Relative to traditional non discretionary methods of portfolio administration managed accounts also lead to better investment outcomes over time through reduction of implementation leakage and potential reduction in execution costs, without meaningful loss of portfolio flexibility.

Implementation Support and Consulting

The relevance of Philo’s consulting services to client firms varies enormously, depending on the nature of the service provided. For some clients, the need is non existent or minimal due to scope of service being narrow and / or them having adequate internal resources to meet their needs. For others introduction of Philo services has coincided with material changes to one or more aspects of their business and Philo has been heavily involved in helping to scope, design and implement those changes so as to ensure maximum value is delivered. The key message here is that while Philo is a firm of investment professionals, we have real world commercial experience running financial services companies that can be of great benefit in integrating our services into your businesses. The nature of the support we can provide will vary based on the type of firm you are, but can include:

  • Development of investment process or analysis tailored to your company’s needs
  • Assistance with tailoring existing Philo services to meet the particular needs of your business
  • Development of policy frameworks for portfolio construction
  • Training of staff on relevant investment concepts and how to present and apply them
  • Assistance with capturing and communicating your firm’s value proposition
  • Development of pricing models and training of staff in their use
  • Provision of ongoing investor communications and presenting at client seminars
  • Business case development for introduction of Philo services to your business


Consulting from Philo is the best way to ensure you obtain maximum benefit from Philo’s portfolio construction and management services. Our experience is that the effort that goes into customisation, internal communication and training is handsomely repaid by the operational benefits it delivers. This effort includes listening carefully to staff suggestions and concerns and making changes to services and implementation where appropriate. Our experience in communicating to shareholders and end investors can also assist with ensuring that all stakeholders have a clear eyed view of the reason for change and the benefits that are expected.

To seek more information from Philo click here or alternatively, return to Home.


Investment Selection And Blending

Investment Selection and Blending

Philo offers well structured portfolios that have been developed with rigour by well credentialed and experienced portfolio managers.

Philo manages over $4bn of listed security portfolios, fund of fund portfolios and term deposit portfolios for clients. In a number of asset classes Philo offers passive investment options in listed and unlisted form.

The senior managers running this aspect of the business have substantial portfolio management experience, gained offshore as well as in Australia. All portfolios are reviewed by our Approved Investments Committee. For larger client firms, Philo can run portfolios to a specific mandate.

Importantly, the portfolios that Philo runs at asset class and sub asset class level are designed to work as part of an integrated framework. This means they are available for use both on and off the managed accounts service and they integrate well with our asset allocation services. Some portfolios are available in local and foreign currency versions. We provide descriptions suitable for inclusion in statements of advice as well as specific policy around their use and regular monitoring reports where necessary.


Philo’s approach suits managed fund investors as well as those who prefer direct use of listed securities. Our approach is such that clients not only receive high quality investment portfolios, they also receive communication and supporting services that make the portfolios easier to explain and end investor relationships easier to service.

Privacy Statement 


We may hold personal information about you, principally because you are a client of ours or give us information through this website. Personal information means information we hold about you from which your identity is either apparent or can be reasonably determined.

We respect your rights to privacy concerning your personal information which we hold. Our privacy policy is consistent with Australia's legal requirements.

Things change

If you think our records about you might be wrong or out of date - particularly your name, address, phone, email address or financial adviser - it’s important that you contact us and they will be corrected free of charge. 

Why is personal information collected?

Broadly, we use personal information you provide only for purposes consistent with the reason you provided it, or for a related purpose, for example to:

  • Subscribe to research or another service using this website;
  • Contact you regarding our services ~ you can opt out of these communications of course, just contact us;
  • Comply with legal obligations such as identifying you if you become a client; and
  • Administer your account (should you be a client).

If you do not provide us with the information which we ask for, we (or others) may not be able to provide you with some or all of the services available through us. 

How we collect

Most information is collected when you become a client of one of the financial services which we make available, often a managed discretionary account. But there may be other ways we collect personal information such as through contact with you and from this website and your advisers. We will collect personal information from you only by lawful and fair means and not in an unreasonably intrusive way.

What we collect

The kinds of personal information collected can include the following:

  • Name, gender and date of birth;
  • Contact details;
  • Bank account details;
  • Tax file number;
  • Any access and use details for this website; and
  • Other information you or others for you (for example, your financial adviser) might tell us.

Disclosure of personal information

We will not disclose personal information we hold about you unless:

  • This policy allows or with your other express or implied consent;
  • It is to joint account holders;
  • It is to companies within our group;
  • It is to those who help our business to run;
  • It is in the public interest (for example where a breach of law is committed or suspected, and we consider that disclosure against your rights to confidentiality is justified);
  • We consider that law requires disclosure, or a regulator requests (for example, to various government departments and agencies such as the Australian Taxation Office, CentreLink, the Child Support Agency, or disclosure to courts under subpoena or to ASIC or AUSTRAC if asked);
  • We consider someone relevant to you needs the information, for example your financial adviser or someone who we have no reason to doubt is acting for you; or
  • It is to administer your account.

What about security?

We are committed to ensuring that your personal information is kept secure. We have a number of physical access and technology policies and procedures in place designed to provide a robust security environment. No personal data is stored on our web site.

In those instances where we secure your personal information in transit to us and on receipt, we use the industry standard encryption software, Secured Socket Layer (SSL) 128 bit encryption. The URL in your browser will change to "HTTPS" instead of "HTTP" when this security feature is invoked. Your browser may also display a lock symbol on its bottom task bar line to indicate this secure transmission is in place. But the internet is not a secure environment and we cannot guarantee the security of information we exchange electronically.

Website use

Our internet server logs certain information which is provided by your browser:

  • The type of browser and operating system you are using;
  • Your Internet Service Provider and top level domain name (for example - .com, .gov, .au, .uk etc);
  • The address of any referring web site (for example - the previous web site you visited); and
  • Your computer's IP (Internet Protocol) address (a number which is unique to the machine through which you are connected to the internet).

We may use cookies to obtain information with regards to web site activity (such as the type of browser used, the number of pages viewed, time of the site and navigation patterns) and to help you use this site when you visit again. This information on its own does not identify an individual but it does provide us with statistics that can help us with design of the web site. You can configure your browser to accept or reject cookies. If you reject all cookies you may not be able to use some or all of our web site.

Telephone services

We may monitor or record telephone calls for training, record or security purposes. If we do so, we will tell you at the time.

Access to personal information

In most circumstances, you have the right to access any personal information we collect and hold about you. In certain circumstances, the law permits us to refuse your request to provide you with access to your personal information, such as when:

  • We reasonably believe that access would pose a serious threat to the life or health of any individual;
  • Giving access would have an unreasonable impact on the privacy of others;
  • The request is frivolous or vexatious;
  • The information relates to a commercially sensitive decision making process;
  • Access would be unlawful; or
  • Giving access may prejudice enforcement activities, a security function or commercial negotiations.

Please contact our Privacy Officer at the address below if you wish to access, update or correct your personal information, or if you have a complaint about how we have handled your details. We have a compliance process for dealing with complaints and we undertake to deal with your complaint as quickly as possible, and to keep you informed of its progress. 

Further information

You can obtain further general information about your privacy rights and privacy law from the Office of the Australian Information Commissioner by:

  • Calling their Privacy Hotline on 1300 363 992; or
  • visiting their web site at, or
  • by writing to:

The Australian Information Commissioner
GPO Box 5218
Sydney NSW 1042


The Australian Information Commissioner
enquiries @ 


We may make changes to information handling and privacy policies and practices and this privacy policy. We will publish important changes on our web site and if necessary update this policy.   

Privacy Officer

Attention: the Privacy Officer
Philo Group

Level 11

37 York Street
Sydney NSW 2000

Tel: 1300 303 323

or send a message on Contact Us page


Terms of use 

This website is published by Philo Capital Services Pty Ltd ABN 91 154 859 284 and is operated by Philo Capital Services Limited and other companies that are associates of Philo Capital Services Pty Ltd including Philo Capital Advisers Pty Ltd ABN 70 119 185 974 AFSL 301808  (referred to collectively as the Philo Group).

Using this website is your agreement to these terms as amended from time to time. Please take the time to read them. Contact us if you have any suggestions or complaints.

We do not promise that this website is always up to date, always available or virus or third party cookie free.

We take reasonable care in the maintenance of information on this website. However, to the extent permitted by Australian law, all obligations which might otherwise be implied or imposed on us by law or equity in relation to this website are expressly excluded to the extent permitted by law. Loss arising to you from use of this site is limited to resupply by us of the services. Under no circumstances will we be liable for any special or consequential damages.

We may amend this site or any part of its contents without telling you. You must not modify this site. Contact us if you wish to link to this site. We are not responsible for links to outside this site.

Unless otherwise expressly stated to the contrary, this website is not designed for the purpose of providing personal financial or investment advice. Information provided does not take into account your particular investment objectives, financial situation or investment needs.

You should assess whether the information on this website is appropriate to your particular investment objectives, financial situation and investment needs. We recommend you seek financial, legal and taxation advice. You should do this before making an investment decision on the basis of the information on this website.

Opinions expressed are subject to change without notice. Past performance is not a reliable indicator of future performance. Any forecasts included on this website are predictive in character and may be affected by incorrect assumptions or by known or unknown risks and uncertainties. Actual results may differ substantially from the forecasts.

Unless otherwise expressly stated to the contrary, the information on this website is not a recommendation to invest or refrain from investing in any investments, securities or financial products, including those which may be offered by any member of the Philo Group.

This website and all it displays are the property of Philo Capital Holdings Pty Ltd and related entities and are protected by copyright, trade mark and other intellectual property laws. You may reproduce information for your personal use only. We reserve all other rights.

Unless otherwise stated, all figures are in Australian dollars and include GST. Examples used on this website are not exhaustive.

This website is for persons located in, and is designed to meet only the laws of, Australia. This website is not for use by people not located in Australia. It is very likely that it does not comply with all foreign laws. In any dispute arising from this site, New South Wales laws apply. You consent to the exclusive jurisdiction of the courts of New South Wales.