Netwealth launches global managed account
Product and platform provider, Netwealth, has launched an international managed account that gives investors access to global equity markets as demand increases for offshore investments.
Netwealth joint managing director, Matt Heine, said: "Investors are increasingly seeking offshore investment opportunities, especially in sectors not well represented in Australia, but also want transparency and control".
The platform would also give investors access to professional management, trade execution and administration, Netwealth said.
As part of its launch, boutique asset management firm, Arnhem, has listed its flagship global growth and Australian portfolios on the platform.
Arhem managing partner, George Clapham said: "Netwealth has been at the forefront of providing innovative investment solutions to their client's for many years and we believe Arnhem's genuinely differentiated global approach will provide significant benefit's to their clients".
Recommended for you
New research has revealed which fund manager is the most recommended by financial advisers to their clients, as well as the most preferred research houses.
The departure of BlackRock’s head of global client business Mark Wiedman after his 21-year tenure has prompted a reshuffle, with several senior executives receiving promotions.
The volume that financial advisers have invested in private credit funds could be among disclosures that providers have to make to ASIC amid a regulatory crackdown on private markets.
Platinum Asset Management has appointed Northern Trust to provide asset servicing solutions for their $11 billion Australian funds.