Investment and super platform netwealth is to launch a managed account capability in July, enabling advisers to manage multiple client portfolios across many business models.
The managed accounts service will bring together of a range of current netwealth solutions under the one offering, according to director Matt Heine.
“It will provide advisers with pretty much all the functionality of current [separately-managed accounts], [individually-managed accounts] and managed accounts and allow for a mixture of any assets held on the wrap account, including shares, managed funds, and term deposits.”
In addition, he said multiple global rules and individual client rules would be able to be established through the service based on adviser or client requirements.
“An adviser may, for example, tailor individual client accounts and set rules or exceptions such as minimum trades sizes, excluded assets and minimum holding times for CGT management.”
The service will fully integrate with netwealth’s existing straight-through-order management system and share trading service, he said.
