Platform provider Netwealth has partnered with Beulah Capital to launch two private-label managed account services.
The Netwealth deal will allow Choice Capital and Ashfords Wealth Advisors to offer a suite of separately managed accounts (SMAs) to their clients, managed by Beulah Capital.
The new private managed accounts will be made available to clients representing more than $300 million in funds under advice.
Netwealth joint managing director Matt Heine said the accounts would deliver greater business efficiency and better client outcomes for Choice Capital and Ashfords Wealth Advisors.
"Both groups will also benefit from the investment expertise of Beulah Capital [which] continue[s] to work closely with boutique IFA groups wanting to develop and implement a unique investment proposition for their clients," Mr Heine said.
The deal brings the number of Netwealth private-label relationships to eight.
Read more:
Banks can’t ignore robo-advice, says Clover
FIIG hires Queensland state manager
Cbus appoints new research analyst
Stropro, a platform for wholesale and sophisticated investors has reported a surge in demand for ESG-themed stocks, following the European C...
A number of superannuation funds, investment managers, banks and insurers have set out a road map, calling for players in the finance sector...
While markets have surged off the back of news of another vaccine candidate, a boutique asset manager has outlined their expectations for th...
Get notifications in real-time for staying up to date with content that matters to you.
Read More