Netwealth has announced it struck a new private label partnership with Sydney-based boutique wealth management firm Stanford Brown, which comes as demand for managed accounts services continues to grow.
In a statement, the platform provider said Stanford Brown is the latest group to launch Netwealth’s private label version of its managed account service.
Netwealth joint managing director Matt Heine said, “It’s fantastic to see the strong managed account momentum continuing.
“Increasingly, advisers are wanting an efficient way to implement actionable investment insights across their total client base, from small balance clients to high net worth clients looking for sophisticated investment outcomes.”
Stanford Brown chief executive Jonathan Hoyle said there are many benefits to using managed accounts.
“The feedback from our clients to date has been extremely positive, particularly around our ability to react quickly to changing market conditions and to better managed downside risk,” he said.
“Stanford Brown is now in talks with a number of financial advisers regarding managing their client monies. Many financial planning and accounting firms can’t or don’t seek to be specialist money managers and are seeking better resourced third party options.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 24 Oct 2017Super bills tabled in Federal ParliamentBy Miranda Brownlee
- 23 Oct 2017IFAs drive exchange-traded bond demandBy Jessica Yun
- 23 Oct 2017Government to beef up misconduct penaltiesBy Killian Plastow
- 24 Oct 2017CPA hurt by ‘negative undertones’ in financial adviceBy Aleks Vickovich and Katarina Taurian
- 23 Oct 2017Fiducian prepares for leadership transitionBy Staff Reporter
- 23 Oct 2017Industry association for insurance tech launchesBy Staff Reporter
- view all