UBS GAM gets netwealth mandate
Platform provider netwealth has appointed UBS Global Asset Management to manage investments for three of its Global Specialist Funds.
UBS GAM and netwealth confirmed the arrangement this week, with UBS GAM Australia and New Zealand head Ben Heap welcoming the granting of the mandate.
Netwealth executive director Matt Heine said the company was excited to be working with UBS GAM.
He said the new range of funds would offer netwealth's investors and super members more than just a range of low cost diversified funds.
"They aim to deliver a solution that can react and respond to - as well as benefit from -changing market conditions," Heine said.
Recommended for you
Wealth Data has revealed the top five licensees for financial adviser growth over the September quarter, with more than 150 advisers joining in Q3 overall.
Former Sydney financial adviser, David Valvo, has pled guilty in court to a charge of dishonest conduct.
Building a network of mentors and coaches with varied skill sets could help women achieve their career goals, according to an FBAA executive.
AMP has reported its Q3 results and provided a progress update on the divestment of its advice division to Entireti.