Netwealth and myprosperity announce partnership
Cloud-based personal wealth platform, myprosperity, and investment and super platform, Netwealth, have announced that they are the latest partnership in a spate of agreements between online providers and advisor groups to integrate data.
The partnership would allow advisers using the myprosperity portal access to Netwealth client account investment and portfolio data, allowing them to better track their clients’ superannuation investment accounts.
Chief executive of myprosperity, Chris Ridd, felt that the partnership would allow advisers to provide the best service possible, especially in light of current issues regarding data use.
“Given today’s tense debates around the ownership of financial data and advisors’ professional independence, partnering with Netwealth is a crucial stop towards creating an open and diversified ecosystem where advisers and their clients can make informed decisions about their future,” he said.
Netwealth Group joint managing director, Matt Heine, said that the partnership would help create a more open environment.
“Netwealth is committed to fostering an open ecosystem for advisers, and myprosperity share that commitment.”
Netwealth was recently listed on the ASX and had $15.4 billion in funds under management at the end of last year. myprosperity had 20,000 users tracking $30 billion at the time of writing.
AUTHOR
Hannah Wootton
Recommended for you
Zenith Investment Partners has welcomed a BDM focusing on adviser solutions in a series of appointments, while two asset managers have also confirmed new hires.
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
