Netwealth launches two private labels with Beulah Capital
Non-institutional platform provider, Netwealth, has partnered with specialist investment manager, Beulah Capital to launch two new private label managed account services for Choice Capital and Ashfords Wealth Advisors.
The two firms will have access to a suite of separately managed accounts managed by Beulah Capital.
Commenting on the launch, joint managing director of Netwealth, Matt Heine, said: "Both groups will also benefit from the investment expertise of Beulah Capital who continue to work closely with boutique IFA [independent financial adviser] groups wanting to develop and implement a unique investment proposition for their clients".
Netwealth now supports eight private label relationships and will be introducing more in the coming months, and it will add more investment options, including an international equities offering, due for launch in early August.
Netwealth recently passed $9 billion in funds under management (FUM) and said it was debt free and had significant cash deposits.
AUTHOR
Malavika Santhebennur
Recommended for you
The director of Ascent Investment and Coaching, Michael Dunjey, has been charged with 33 criminal offences.
Adviser Ratings’ latest financial landscape report finds there is a demographic of advice practices achieving an average revenue of $5 million, with only 3 per cent of practices overall seeing a revenue decline.
The FAAA is calling for regulators to take a partnership approach with financial advisers regarding incoming legislation, rather than treating the industry as “guinea pigs”.
There have been strong numbers of returning advisers this year so far, according to Wealth Data, already surpassing the same period for 2024.
