netwealth to offer international equity trades after Citi deal
Investment platform provider netwealth will offer investment and superannuation clients the ability to trade international equities through the platform after it signed a deal with Citi.
The agreement will allow advisers to place trades with netwealth and have them executed on up to 10 exchanges around the world through Citi's global network.
Under the platform international equity holdings can be viewed and reported alongside other assets with advisers and their clients using the platform able to access the following exchanges and markets: NYSE (USA), NASDAQ (USA), LSE (United Kingdom), TSX (Canada), Euronext Paris (France), Deutsche Boerse (Germany), Euronext Amsterdam (Netherlands), TSE (Japan), KLCI (Malaysia), HKE (Hong Kong).
netwealth Joint Managing Director, Matt Heine, said the Global Market Access service was being offered to overcome the fact that the Australian equities market is only approximately two percent of global equity markets and to provide advisers with a more diverse range of stocks, ETFs or sectors.
Citi's Head of Equity Trading Daniel Young said the service leveraged Citi's global network and offered a service not usually available to advisers or investors on traditional platforms.
AUTHOR
Jason Spits
Recommended for you
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
