Netwealth partners with Ironbark for managed account service
Netwealth has partnered with Ironbark to launch a new managed account solution to advice groups.
The service would provide private label managed account managers with the option to build portfolios which have Ironbark as their responsible entity.
This option was a more flexible option for managed account model managers and advice groups.
Matt Heine, joint managing director of Netwealth, said: “By offering an external responsible entity to advice firms via Ironbark, Netwealth adds additional capacity to support different value propositions and the evolving needs of the industry”.
He added the use of managed accounts was a way for advice firms to deliver better outcomes for all clients rather than just a few.
Ironbark head of corporate trustee and client, Alan Kenny, said: “Ironbark are pleased to have partnered with Netwealth, combining our broad range of Corporate Trustee service with Netwealth’s market-leading managed account solution enables us to meet and exceed the diverse needs of our advice group partners.”
AUTHOR
Laura Dew
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
