Netwealth gains SMA range from Activam
Managed account provider Activam Group has launched a multi-asset series of separately managed accounts (SMAs) on Netwealth.
This includes the Activam Conservative, Balanced, Index-Focused Balanced, and High Growth portfolios.
Each portfolio blends a mix of asset classes to optimise client outcomes while managing risk, and provides a greater choice to match client goals and risk profiles.
The launch of the SMAs on Netwealth joins existing availability of BT, Macquarie and AMP North platforms.
Managing director and founder, Robert Talevski, said: “Managed accounts are at the core of what we offer, and we focus on delivering solid performance through our multi-asset SMA portfolios. We continually evolve to meet the needs of advisers and their clients.”
Kristina Benkotic, head of strategic growth and partnerships, added: “Our focus remains on supporting financial advisers with investment options that prioritise client outcomes. The launch on Netwealth directly responds to growing adviser demand, and we’re looking forward to working with the Netwealth team to support advisers with the products, assistance, and collaterals they need to deliver quality advice.”
In its quarterly results announced earlier this year, Netwealth’s funds under administration (FUA) rose $2.5 billion, from $101.6 billion in the previous quarter to $104.1 billion as at 31 March 2025. This included FUA net flows of $3.5 billion, down 22 per cent from net flows of $4.5 billion in the December quarter, which were offset by negative market movements of $1 billion.
Looking at managed accounts, the division saw net flows of $900 million and negative market movements of $300 million. This created a growth of $600 million to $21.4 billion in managed accounts for the quarter.
Its FUA net flows continue to be underpinned by “consistently high transition rates” from existing financial intermediaries, alongside strong conversion rates of new business from a range of client groups.
The Institute of Managed Account Professionals, in conjunction with Milliman, reported a steady increase in managed accounts to $232.7 billion for the six months to 31 December 2024. This marked a $43.9 billion (23.2 per cent) annual increase on the previous 12-month period and was helped by net inflows of $14.3 billion.
AUTHOR
Laura Dew
Recommended for you
The new financial year has got off to a strong start in adviser gains, helped by new entrants, after heavy losses sustained in June.
Michael McCorry, chief investment officer at BlackRock Australia, has detailed how investors are reconsidering their 60/40 portfolios as macro uncertainty highlight the benefits of liquid alternatives.
Having reset its market focus to high-net-worth advisers, Praemium’s administration solution has been selected by Bell Potter in a deal that increases the platform's funds under administration by $6 billion.
High transition rates from financial advisers have helped Netwealth’s funds under administration rise by $3.7 billion in the fourth quarter of FY25.
