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
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
