Netwealth to get advisers online
Netwealth investments is to makie its first move into the adviser market by offering affiliated financial planners their own Web sites.
Netwealth was set up by Michael Heine earlier this year after he offloaded the Heine Group to Mercantile Mutual in 1999. The company provides online financial services to investors, but in two months time will be seeking to establish affiliations with financial planners who will be granted Web space to provide financial services and transactions online to their clients.
Heine says the company is in talks with about 200 planner groups who he says are keen to become affiliated to take part in the roll out of its adviser sites.
“In a couple of months we will release the adviser sites,” Heine says. “These can become affiliates and shareholders in the company, and will have access to all products and facilities to manage their clients’ portfolios so that both client and adviser can track the progress of the investments made online.”
Each Web site will have the ability for advisers to add their own news and information, and will enable the adviser to manage the investment process including online recommendations, accessing daily portfolio pricings, tracking transactions and access to fund managers prospectuses.
Each of the planners’ websites will allow advisers and their clients to invest in wholesale managed funds, trade shares and manage portfolios online.
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