Netwealth has announced a new private label partnership with Sydney-based boutique wealth management firm Stanford Brown.
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.”
Challenger has announced the appointment of Nick Hamilton as chief executive, funds management, effective from Monday 23 September 2019. ...
The search for yield has been a blessing for AMP’s Advantage Funds, which have grown to more than $2 billion in assets under management in...
EXCLUSIVE One of Australia’s leading financial advisers says there are too many local fund managers charging far too much for active mana...