Platform provider Netwealth has landed a new partnership with Australian Unity, which will see the firm launch a private label version of Netwealth’s managed account service.
According to a statement, Netwealth has strengthened its relationship with Australian Unity with a managed account that offers three private label diversified models as well as access to a broader panel of professional managers covering multiple asset classes.
“Australian Unity, who has more than 180 advisers and $6 billion of funds under management, has continued the strong momentum with our private label managed accounts, having recognised the significant benefits managed accounts can bring to their network and clients,” said Netwealth joint managing director, Matt Heine.
Australian Unity Personal Financial Services head of investment research Jeff Mitchell said, “We are excited to be able to offer our diversified portfolios through the Netwealth managed account service.
“We believe 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.”
Netwealth recently exceeded $11.3 billion funds under management followings strong inflows and growth across the IFA, private client and wealth management sectors, the statement said.
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