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.
The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!
The latest ASIC estimated industry funding levy proves that the current formula is “not equitable or sustainable” according to FPA. ...
An industry body says it is in favour of a change in government as the Coalition have “unfairly targeted” financial advisers. ...
The corporate regulator's cost recovery implementation statement for the 2021 financial year indicates the costs allocated by ASIC to the advice secto...
Get notifications in real time and stay up to date with content that matters to you.
