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Netwealth has added new modelling and rebalancing tools to its platform range.
Called Smart, or Sophisticated Modelling and Rebalancing Technology, the software gives financial planners the ability to automatically balance client accounts, either individually or on a bulk basis, taking into account investor-specific tax and investment rules, constraints and asset exclusions.
The software represents an efficient, accurate and cost-effective way to implement and manage a variety of assets and portfolios, the group said.
“Unlike other services available on platforms, Smart works across all asset classes so you can execute shares and managed fund transactions at the same time,” netwealth managing director Michael Heine said.
The group currently has 10 groups accredited to use the service, and said more are in the pipeline.
