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.”
Read more:
Renzi resignation to 'constrain' markets
Global regulators to adopt AI functionality
Australian GDP growth slumps to 1.8%
The global investment firm has opened a research office in Shanghai, as it looks to boost its coverage of China. ...
The Asia-Pacific region is tipped to become the fastest growing in terms of GDP growth in the world in the year ahead, according to analyst ...
In anticipation of the economic rebound, Martin Currie has signalled it will be looking towards Australian value stocks. ...
Get notifications in real-time for staying up to date with content that matters to you.
Read More