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.”
An Australian accounting body has called on the federal government to provide clarity for businesses looking to reopen and continue trading under its ...
The number of advisers has hit a new low, shrinking below 19,000 as of 23 September. ...
The advice sector has reason to be optimistic about the future of the industry, according to the Association of Financial Advisers (AFA) national pres...