AZ Sestante

What AZ Sestante does

AZ Sestante is an Australian specialist investment consultant that designs and manages multi-manager model portfolios delivered through Separately Managed Accounts (SMAs), Managed Discretionary Accounts (MDAs), and fund-of-funds structures. The firm's investment philosophy centers on dynamic asset allocation, blending actively managed and passive strategies across global asset classes; portfolio construction is overseen by an investment committee and a dedicated multi-manager team anchored by senior personnel from parent Azimut Group based in Singapore and Luxembourg. The product lineup comprises Sestante Dynamic Portfolios, Sestante Index Portfolios, Sestante Dynamic Star Portfolios (CFS Edge exclusive), CFS-branded Dynamic/Index portfolios and wholesale funds, the Azimut Investments High Conviction Global Equities SMA, and the Sestante Invest digital channel (administered via OpenInvest).

The business operates on a B2B2C go-to-market: AZ Sestante distributes its managed-account solutions through six Australian wealth platforms — HUB24, Mason Stevens, Netwealth, North (Lonsec), CFS FirstChoice, and CFS Edge — which then offer the portfolios to financial advisers and their end-clients (superannuation and pension investors). Revenue is generated through recurring management fees on these managed accounts and wholesale funds. Differentiators cited by the firm include proprietary multi-manager construction methodology, analyst endorsements (SQM 4.25-star; Lonsec Recommended 2025 and 2026 on the Global Equities SMA), and backing by Azimut Group, Italy's largest independent asset manager, which manages over AU$187 billion globally and over AU$2.7 billion in Australian multi-manager solutions.

AZ Sestante is a private, wholly-owned subsidiary of Azimut Group (Borsa Italiana-listed) and operates as the group's Australian distribution and portfolio-management entity. Founded in 2016-2017, headquartered at Level 10, 88 Phillip Street, Sydney, with a headcount of 1-10, the firm is operationally small relative to its parent footprint and is geographically restricted to Australian residents per its terms and conditions. Compliance is held via ABN 94 106 888 662 / AFSL 284442.

Name

AZ Sestante

Legal name

AZ Sestante Ltd

Website

https://azsestante.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

AZ Sestante is an Australian investment consultant and subsidiary of Azimut Group that designs and manages multi-manager model portfolios (SMAs, MDAs, fund of funds), distributing them via HUB24, Mason Stevens, Netwealth, North, CFS FirstChoice, and CFS Edge to financial advisers and their superannuation and pension clients.

Ownership category

akta.pro rank

Product category

Multi-Manager Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

akta.pro secondary industries

Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Managed Accounts & Unified Managed Accounts (UMAs) — Multi-Asset (FSAAAJAE), Managed Account / SMA Multi-Manager Platforms (FSANAGAL), Discretionary Portfolio Management (Retail) (FSAAAAAH)

Keywords

• Multi-manager portfolios
• Managed account solutions
• Investment consulting services
• Fund of funds management
• Separately managed accounts

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Management Fees on Managed Accounts: AZ Sestante generates revenue through fees charged on its managed accounts and model portfolios. The company designs multi-manager model portfolios via SMAs (Separately Managed Accounts), MDAs (Managed Discretionary Accounts), and fund of funds structures.
2. Fund Management Fees: Revenue is generated through wholesale funds distributed on platforms such as CFS FirstChoice, including the CFS AZ Sestante Wholesale Conservative, Diversified, and Growth Funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

AZ Sestante designs and manages multi-manager model portfolios delivered through Separately Managed Accounts (SMAs), Managed Discretionary Accounts (MDAs), and fund of funds structures. Portfolios blend active and passive strategies with dynamic asset allocation, distributed to end clients via Australian financial advisers and wealth platforms such as HUB24, Mason Stevens, Netwealth, North, CFS FirstChoice, and CFS Edge.

Product overview

AZ Sestante is a specialist investment consultant that designs and manages multi-manager model portfolios via SMAs (Separately Managed Accounts), MDAs (Managed Discretionary Accounts), and fund of funds. The company operates several distinct product lines: (1) Sestante Dynamic Portfolios - actively/passively blended multi-asset managed accounts; (2) Sestante Dynamic Star Portfolios - available exclusively via CFS Edge; (3) Sestante Index Portfolios - passively managed cost-efficient options; (4) CFS-branded products on Colonial First State platforms (Dynamic Portfolios, Index Portfolios, and Wholesale Funds); (5) Azimut Investments High Conviction Global Equities SMA; and (6) Sestante Invest digital platform. The flagship Dynamic and Index portfolios have received a 4.25-star Superior Rating from SQM Research. The parent company Azimut is Italy's largest independent asset manager listed on the Italian stock exchange.

Differentiator

Problem solved

Functional benefit

Brands

• Sestante Invest: Digital investing solution launched in 2022
• Azimut Investments

Products and services

• Sestante Dynamic Portfolios Multi-asset managed accounts that blend active and passive strategies with dynamic asset allocation, offered across Conservative, Moderately Conservative, Balanced, Assertive, and Aggressive risk profiles; available to financial advisers via Australian wealth platforms.
• Sestante Dynamic Star Portfolios Multi-asset managed accounts exclusive to the CFS Edge Platform under the Accelerate Series, offering Conservative, Moderate, Balanced, Assertive, and Aggressive risk profiles with a $5,000 minimum investment.
• Sestante Index Portfolios Multi-asset managed accounts that blend passive strategies to deliver well-diversified, cost-efficient portfolios, offered across Conservative, Moderately Conservative, Balanced, Assertive, and Aggressive risk profiles.
• CFS Sestante Dynamic Portfolios White-labelled AZ Sestante Dynamic Portfolios distributed through the CFS FirstChoice platform, offered in Super and Pension variants with Conservative, Moderate, Diversified, Balanced, Assertive, and Aggressive options.
• CFS AZ Sestante Index Index-based multi-asset managed accounts offered through the CFS FirstChoice platform in both Super and Pension variants with multiple risk profiles.
• CFS AZ Sestante Wholesale Funds Wholesale multi-manager funds including Conservative, Diversified, and Growth options distributed on the CFS FirstChoice platform in Investment, Super, and Pension share classes.
• Azimut Investments High Conviction Global Equities SMA Separately Managed Account offering a high conviction global equities strategy, available on HUB24 and Mason Stevens platforms and recognised by Lonsec Research with a Recommended rating in 2025 and 2026.
• Sestante Invest Digital investing solution administered by OpenInvest Limited via the OpenInvest Portfolio Service ARSN 628 156 052, providing clients with technology-enabled access to AZ Sestante managed portfolios.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature3 records

Partnerships

Six partnerships are on record, tiered minor and core.

• NetwealthminorChannel Partner/ Reseller/ Distributor · 29 April 2026Netwealth is an Australian wealth management platform that has added Sestante Portfolios to their platform offering in 2026, expanding distribution reach for AZ Sestante products.
• North PlatformminorChannel Partner/ Reseller/ Distributor · 31 March 2025The North platform (by Lonsec) began offering Sestante Dynamic Portfolios in March 2025, providing another distribution channel for AZ Sestante managed accounts.
• EvergreenminorStrategic or Co-development Partner · 26 June 2022AZ Sestante partnered with Evergreen to launch ESG Focus portfolios in 2022, expanding the product range into sustainable investing.
• HUB24coreChannel Partner/ Reseller/ DistributorHUB24 is a key platform partner for AZ Sestante, offering Dynamic and Index Portfolios on their platform with regular reporting and flash reports published.
• Mason StevenscoreChannel Partner/ Reseller/ DistributorMason Stevens platform distributes the Azimut Investments High Conviction Global Equities SMA, one of the flagship products with Lonsec Recommended rating.
• CFS FirstChoicecoreChannel Partner/ Reseller/ DistributorCommonwealth Financial Group's CFS FirstChoice platform offers CFS Sestante Dynamic and Index portfolios, including wholesale funds, as part of their managed account solutions.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Morningstar Australia: Global investment-research firm with Australian operations offering managed-portfolio research, screening, and consulting tools to advisers and platforms — an emerging competitor in the model-portfolio research layer where AZ Sestante operates.

Direct peers

• Zenith Investment Partners: Australian research and consulting firm producing model portfolios and managed-account research for advisers — a like-for-like competitor to AZ Sestante's SMA/MDA/fund-of-funds consulting model.
• DMP Asset Solutions: Australian investment-research and consulting firm providing multi-manager model portfolios and managed-account research to advisers and platforms — directly comparable to AZ Sestante's core SMAs/MDAs/fund-of-funds business.
• Lonsec: Australian investment research and ratings firm that also operates the North platform — one of the channels through which Sestante Dynamic Portfolios are distributed. It runs model portfolios and managed-account research that compete head-on with AZ Sestante's investment committee output.
• Mercer Australia: Global investment consulting powerhouse with deep Australian operations providing multi-manager research and managed-account solutions — competing for the same adviser and super-fund mandates as AZ Sestante.
• JANA Investment Advisers: Specialist Australian investment consulting firm offering bespoke and model-portfolio advice to super funds, endowments and wealth platforms — overlapping directly with AZ Sestante's multi-manager consulting mandate.
• Russell Investments Australia: Global multi-manager and consulting firm with a substantial Australian presence, providing multi-asset model portfolios and multi-manager solutions across super and wealth — closely analogous to AZ Sestante's multi-manager model.

Broad incumbents

• Perpetual Asset Management: Long-established Australian asset manager offering multi-asset funds and managed-account solutions distributed through adviser channels — a much larger incumbent overlapping with AZ Sestante's product set.
• Insignia Financial (IOOF / MLC): Major Australian wealth platform with in-house multi-manager research, model portfolios, and platform distribution (e.g., MLC) — overlaps with AZ Sestante across both research and product distribution.
• AMP Investments / AMP Capital: One of Australia's largest wealth groups, offering multi-manager and managed-account solutions through North and other platforms — a broad incumbent competing across the same adviser and retail channels as AZ Sestante.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/az-sestante

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AZ Sestante