Wealth Within launches client-direct platform “evolution”
Financial services group Wealth Within has unveiled a new platform, which it says will remodel client/adviser relationships and remove inefficiencies that have burdened the platform space since inception.
The product-neutral offering, Global One, will allow self-managed superannuation funds (SMSFs) to gear into direct property without the need for a bare trust, Wealth Within executive director Lea Zerbes said.
"Global One, itself, acts as the bare trust for the SMSF," Zerbes said.
"Any entity can buy into property off the platform, but it eliminates the need to set up a separate bare trust."
Under the proposition, clients can either access Global One through an adviser or go straight onto the platform directly.
However, Zerbes said educational support would be a core part of the package, so that advisers and clients who want to go through Global One directly know their responsibilities.
The model was described as an "evolution in platforms", designed and based on feedback from advisers "who didn't know what they wanted, but knew what they didn't want."
Zerbes said it would reduce operational inefficiencies and costs passed on to the investor, with a starting price of $27.50 per month plus 0.1025 per cent per annum.
Recommended for you
Research by Morningstar has found fixed income funds are bucking a general trend around managed fund fee dispersion with a smaller fee dispersion compared to equity ones.
As investors seek to diversify their portfolios, the naming of bond labels has broadened out to include green, social and impact bonds, according to the annual RIAA report.
Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million.
Metrics Credit Partners is expanding its private credit fund range with a managed fund for retail investors following investor demand.
