Netwealth contracts Ibbotson for investments
Morningstar subsidiary Ibbotson Associates Australia will provide investment management, advice and consulting services for $5 billion of Netwealth funds.
The funds include four of the Netwealth Global Specialist diversified funds and the Netwealth Super Wrap and Super Accelerator superannuation funds, Ibbotson stated.
The services Ibbotson has been selected to provide include manager selection, strategic and dynamic asset allocation advice, model portfolio construction and dealer group support.
Recommended for you
Research house Genium Investment Partners has appointed a head of investment solutions from Mason Stevens.
ASIC has made two appointments to its senior executive leadership team covering regulation and enforcement following an international search.
Perpetual has reported positive quarterly net inflows for the first time in 12 months, the first under the remit of new chief executive Bernard Reilly.
The global financial services firm has taken on a second AFSL as it looks to capitalise on the high-net-worth market in Australia.