Correspondence: Tassal and family offices

One member asks about Tassal and the Uncapped 100, while another discusses the ultra rich.

Trawling for small caps

I would like to know if Tassal (TGR) failed to meet Brendon Lau’s criteria for the Uncapped 100 or if it was not included on the list for some other reason. It seems to have done the investing and expansion of production volume and product range and is now ready to sit back and grow salmon and profits.


Brendon’s response: Thanks for your support and feedback. I agree that TGR is becoming good, but there are only 100 spots and there are several hundred small caps that could fit into the index. Some Uncapped 100 stocks might get shaken out in September (the Uncapped 100 is rebalanced every quarter), giving an opportunity for an interesting stock such as TGR.

The ultra rich and family offices

Cliona O’Dowd’s article, How Australia’s ultra-rich manage their money, was interesting to a limited extent, but I’m not entirely convinced this article was helpful to those of us who have a reasonable net worth of perhaps some millions, but quietly just get on with managing our own funds and ignoring the overwhelming volume of " advice" from the vast number of financial advisers with little credibility.

Those of us who have built up a reasonable level of assets, could be $1 million or perhaps $20 million, have little in common with hereditary family money. Yes, perhaps there are lessons to be learned, but frankly, such an article is more of an analysis of how those with an inheritance through their family have survived.


Cliona’s response: Thanks for your feedback. The data I analysed and discussed in the article shows that in the majority of cases, family offices in Australia are being set up by first generation wealth as a way of protecting such wealth for later generations. The family office is not only an option for the country’s heirs and billionaires but also for those, as you say, with a reasonable net worth. Some multi-family offices take on clients with as little as $5 million in investible assets.

In favour of more feedback

Is it possible to add open forum comments to the bottom of each article?

I would like to see other expert or general feedback and discussions on specific topics.

I'm sure Eureka Report has some very knowledgeable clients and would also benefit from healthy feedback, additional input and debate.


Editor’s response: Thanks for your letter. We are always keen for more feedback and are working on developing this function on our website. We will endeavour to keep our members updated on this issue.

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