InvestmentLink plugs into full service wrap
InvestmentLink will integrate the first full service wrap into its e-Portfolio service, withNetwealth’s wrap to be offered through the hub.
The addition of the Netwealth wrap brings the total number of product providers using InvestmentLink to 18, including six master trust platforms. Up until now the service has only connected retail funds and master trusts.
Under the e-Portfolio system, client data is collected from providers and automatically downloaded into most planning software, allowing advisers to keep their client database up to date without re-keying information manually gathered from platforms and other product providers.
Once downloaded into InvestmentLink the Netwealth data will be automatically consolidated with other client data into a single data feed encompassing all types of managed investment products.
InvestmentLink chief executive Peter Philip sees this as an important step forward.
“We can now handle reporting and transactions for any type of managed investment platform, be it retail, wholesale, wrap, master trust or IMA,” Philip says. “The days of being limited to retail funds are well behind us.”
Netwealth director Matt Heine says they chose InvestmentLink as they felt it was the best method to connect advisers electronically.
“By putting all client data through a single open channel we are helping advisers become more efficient when using our services and whatever software they choose,” Heine says.
Praemium Portfolio Servicesstruck a deal with InvestmentLink in February to provide consolidated reporting and online transactions across all fund managers and platforms, whilePerpetual’s recently launched platform WealthFocus was the most recent platform addition to the hub in November last year.
Recommended for you
The inquiry into the collapse of Dixon Advisory and broader wealth management companies by the Senate economics references committee will not be re-adopted.
After seven weeks of strong growth, Wealth Data analysis shows financial adviser gains are now tapering off and returning to a regular pace.
Count chief executive Hugh Humphrey has said FY25 was a “milestone year” for the business as it completed its Diverger integration, exceeding targets with $5.1 million in cost synergies.
US wealth manager Focus Financial Partners, which includes Australia’s Escala Partners, has appointed a chief strategy officer to fuel further Australian growth.
