Privately-owned wealth manager netwealth has rolled out a low-cost wrap product tailored to self-managed superannuation fund investors and trustees.
The offering, Wealth Accelerator, follows the launch of the company's Super Accelerator last year.
"We are extremely excited about the release of Wealth Accelerator. It is priced extremely competitively and provides investors and advisers with much greater functionality and choice - not less," netwealth executive director Matt Heine said.
"Advisers and their clients have been asking for a real alternative to bank-owned products and providers and Wealth Accelerator provides this.
"Clients now have real choice when it comes to what they want to invest into."
Administration costs for the Wealth Accelerator Core offering are 0.35 per cent of account balances up to a maximum account balance of $250,000.
The Super Accelerator Plus offering does not charge administration fees for account balances over $1 million and allows up to six accounts to be linked for fee aggregation purposes.
"Our focus continues to be on providing responsive and full-featured platform services that are built to meet the needs of advisers and their clients and not those of any institutional parent," Heine said.
