National Australia Bank's (NAB's) Asset Servicing business has been awarded service contracts with Atrium Investment Management and Fitzpatricks Private Wealth.
NAB will provide custodial and administrative services to Atrium, a specialist investment firm, and custodial services to advisory and wealth management firm Fitzpatricks.
"As a result of the continuing strong growth of the firm as well as our need to manage client capital across a diverse range of investment opportunities, it was important to identify a market leader in the provision of custodial and administration service," Fitzpatricks director and Atrium chief executive Alex Hone said.
"We are confident NAB will be able to provide the support we require to deliver on our continuing business development.
Atrium's specialist investment business is focused on providing returns to client across multi-asset class investments, and it currently has more than $600 million under management.
Fitzpatrick's specialises in estate planning, wealth preservation, financial management strategies and investment management.
The business has $2 billion under advice across the eastern seaboard of Australia.
"Our business offers a one-stop shop with a single contract backed by one of the world's strongest banks," NAB general manager for business development, Boyd Lees, said.
"We are delighted to partner with Atrium Investment Management and Fitzpatricks and look forward to working together to create quality outcomes for their investor base."
