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.”
Comments powered by CComment
The super fund says it is in favour of a superannuation advice network involving non-relevant providers with a minimum ...
Minister Jones has more pressing priorities to address before turning his attention to the ASIC levy, he confirmed at an ...
AMP is planning to launch its digital advice tool next year.
Speaking at the ASFA Conference in Adelaide, Matt ...
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin