Research house Standard & Poor’s (S&P) has signed a deal with independent platform provider netwealth Investments, giving it access to more than 300 planners and 55 dealer groups.
The distribution arrangement with netwealth follows the appointment of S&P as core research provider to Commonwealth Bank of Australia’s (CBA) Financial Wisdom and Commonwealth Financial Planning.
“The addition of netwealth, along with our existing arrangements with the St George/Asgard group and CBA gives S&P a compelling distribution platform to promote rated funds on behalf of our manager clients,” S&P Australia and New Zealand managing director Chris Dalton said.
Commenting on the deal, netwealth managing director Michael Heine said: “We are committed to continually evolving our offering and see the enhanced research as a great value add for advisers using our various services.”
Netwealth has recently announced a number of other partners as part of their Strategic Partners Program.
Netwealth offers a range of products including seven netwealth multi-manager funds, netwealth Wrap, netwealth Super Wrap and a recently launched SMSF service.
The terms of the deal were not disclosed.
