Netwealth launches all-in-one service
Investment and super platform netwealth is to launch a managed account capability in July, enabling advisers to manage multiple client portfolios across many business models.
The managed accounts service will bring together of a range of current netwealth solutions under the one offering, according to director Matt Heine.
“It will provide advisers with pretty much all the functionality of current [separately-managed accounts], [individually-managed accounts] and managed accounts and allow for a mixture of any assets held on the wrap account, including shares, managed funds, and term deposits."
In addition, he said multiple global rules and individual client rules would be able to be established through the service based on adviser or client requirements.
“An adviser may, for example, tailor individual client accounts and set rules or exceptions such as minimum trades sizes, excluded assets and minimum holding times for CGT management.”
The service will fully integrate with netwealth’s existing straight-through-order management system and share trading service, he said.
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.
