The Money Magazine honour was awarded to the non-bank for its strong track record of performance.
“For the La Trobe Financial team, our eighth consecutive ‘best of the best’ award is a further vindication of a business strategy that has been six decades in the making. We remain committed to the same principles that have always driven us,” La Trobe Financial’s chief investment officer, Chris Andrews, said.
“Our proudest achievement is that we have never lost a cent of capital for any of the investors in our 12-month term account,” Mr Andrew said.
“This is largely due to the strength of our experienced management team and a rigorous adherence to our tested and proven investment philosophy. Most importantly, we understand the importance of the trust that our investors place in us. We look forward to delivering market-leading returns for many years to come.”
La Trobe’s 12-month term account is intended to provide investors with regular income streams, coupled with low to medium levels of risk. It outperforms the Bloomberg AusBond Bank Bill Index by 1.50 per cent.