Netwealth launches international securities offering
Privately-owned platform provider, netwealth has launched an International securities offering which it says will provide access to certain securities listed on 10 approved global exchanges via the netwealth Wrap and Superannuation Services.
Claiming the offering as an industry first in the retail platform space, netwealth said it would provide investors and members the ability to invest in a range of securities listed around the world including New York, London, Europe, Hong Kong and Japan.
Commenting on the new service, netwealth executive director, Matt Heine described it as an exciting development.
"Whilst the service may not be for everyone, it meets a key requirement of the private bank and high net worth market and we already have significant demand," he said.
Heine said netwealth had decided to develop the offering when a core group of our high net worth clients and their advisers identified global markets as a key focus.
The offering is expected to be available from 8 October 2012 and will be offered as an integrated part of the standard investment options.
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.
