Netwealth to partner with Australian Unity

netwealth/australian-unity/

9 February 2017
| By Hope William-Smith |
image
image image
expand image

Netwealth's managed account service is launching as a private label version with Australian Unity, as part of a partnership deal which would see Netwealth linked more closely with the 180 advisers and $6 billion in funds under management (FUM) held by Australian Unity.

Netwealth had recently exceeded $11.3 billion in FUM with growth across private client, the IFA, and wealth management sectors. Joint managing director, Matt Heine, said the focus would now be on continued investment in technology and services offerings moving forward.

"Netwealth is delighted to further strengthen its relationship with Australian Unity with a managed account that offers three private label diversified models, together with access to a broader panel of professional managers," he said.

"We are progressing a number of exciting new initiatives that we hope to roll out to advisers during the early part of the year."

Australian Unity personal financial services head of investment research, Jeff Mitchell, said his company's investment strategy aligned well for the partnership.

"Our strategies are innovative due to the portfolios having absolute return objectives to exceed inflation by a risk premia, the use of a risk focused dynamic asset allocation and the use of a combination of both active and passive managed funds," he said.

"We are excited to be able to offer our diversified portfolios through the Netwealth managed account service."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

3 days 5 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

4 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5