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
Sequoia Financial Group has declined by five financial advisers in the past week, four of whom have opened up a new AFSL, according to Wealth Data.
Insignia Financial chief executive Scott Hartley has detailed whether the firm will be selecting an exclusive bidder for the second phase of due diligence as it awaits revised bids from three private equity players.
Insignia Financial has reported a statutory net loss after tax of $17 million in its first half results, although the firm has noted cost optimisation means this is an improvement from a $50 million loss last year.
With alternative funds being described as “impossible” for fund managers to target towards advisers without the support of BDMs for education, Money Management explores the evolving nature of the distribution role.
