Netwealth grows with employer option
Independent platform provider Netwealth has added an employer sponsored superannuation option to its series of master trusts, while at the same time boosting the number of investment choices across its product range.
The Netwealth Employer Sponsored Super Fund complements the master fund group’s existing personal superannuation fund, allocated pension plan, and term allocated pension (TAP) product.
The new investment options include the funds of five boutique and socially responsible managers, taking the total number of investment options to 37 managers and 220 funds.
The new managers include Aberdeen Asset Management, Australian Ethical Investments, Centro Properties Group, Cromwell Investments and Trafalgar.
Netwealth existing Australian Share Fund, Property Share Fund and four diversified funds - high growth, growth, balanced and conservative growth - will all be available through the employer super fund. These options have just received a ‘strong buy’ recommendations from InvestorWeb Research, according to a Netwealth media statement.
Netwealth's International Share Fund, which will also be included on the new fund’s investment list, recently received a ‘buy’ rating from InvestorWeb .
Marketing director Matt Heine said other new features include provision for 100 per cent of funds to be invested in direct shares, as well as allowance for investment in property syndicates and IPO’s.
Netwealth is also offering an increased number of fee options, including a flat fee for service, in addition to the existing range of deferred fee options.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
