Adviser Ratings in data deal with Netwealth
Adviser Ratings have entered into a commercial relationship with platform provider, Netwealth, which the two companies say will involve the provision of data insights on the wealth management industry.
The arrangement was confirmed by Adviser Ratings chief executive, Mark Hoven who acknowledged that while the company was better-known for its work in the consumer marketplace, it was now seeking to build into the adviser/licensee space.
Netwealth managing director, Matt Heine said the company believed Adviser Ratings could provide insights to help his firm better understand its customers and their needs.
“This has become even more critical as advisers are rapidly moving to new licensees and demanding more from their service providers, and we must be responsive to that,” he said.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
