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
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.
