Netwealth grows with employer option
Independent platform provider Netwealth has added an employer sponsored superannuation option to its series of master trusts, while at the same time boosting the number of investment choices across its product range.
The Netwealth Employer Sponsored Super Fund complements the master fund group’s existing personal superannuation fund, allocated pension plan, and term allocated pension (TAP) product.
The new investment options include the funds of five boutique and socially responsible managers, taking the total number of investment options to 37 managers and 220 funds.
The new managers include Aberdeen Asset Management, Australian Ethical Investments, Centro Properties Group, Cromwell Investments and Trafalgar.
Netwealth existing Australian Share Fund, Property Share Fund and four diversified funds - high growth, growth, balanced and conservative growth - will all be available through the employer super fund. These options have just received a ‘strong buy’ recommendations from InvestorWeb Research, according to a Netwealth media statement.
Netwealth's International Share Fund, which will also be included on the new fund’s investment list, recently received a ‘buy’ rating from InvestorWeb .
Marketing director Matt Heine said other new features include provision for 100 per cent of funds to be invested in direct shares, as well as allowance for investment in property syndicates and IPO’s.
Netwealth is also offering an increased number of fee options, including a flat fee for service, in addition to the existing range of deferred fee options.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
