Netwealth launches new platform
Netwealth Investments has announced the launch of a new integrated insurance facility, LifeWRAP, in conjunction with AIA Australia.
LifeWRAP enables planners and advisers to service their clients’ investment needs as well as their life insurance requirements.
Commenting on the new product, Netwealth’s executive director, Matt Heine, said here had been a need to manage a risk product on the Investment Wrap platform for some time and that LifeWRAP addressed these requirements.
“The facility is suited for those running their own SMSF, but also caters for income protection and insurances held outside of super,” Heine added.
The new platform gives advisers access to AIA Australia’s comprehensive individual retail insurance product range and also provides information regarding their clients’ policies.
Recommended for you
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
WIth only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.