Wealth Within launches client-direct platform “evolution”
Financial services group Wealth Within has unveiled a new platform, which it says will remodel client/adviser relationships and remove inefficiencies that have burdened the platform space since inception.
The product-neutral offering, Global One, will allow self-managed superannuation funds (SMSFs) to gear into direct property without the need for a bare trust, Wealth Within executive director Lea Zerbes said.
"Global One, itself, acts as the bare trust for the SMSF," Zerbes said.
"Any entity can buy into property off the platform, but it eliminates the need to set up a separate bare trust."
Under the proposition, clients can either access Global One through an adviser or go straight onto the platform directly.
However, Zerbes said educational support would be a core part of the package, so that advisers and clients who want to go through Global One directly know their responsibilities.
The model was described as an "evolution in platforms", designed and based on feedback from advisers "who didn't know what they wanted, but knew what they didn't want."
Zerbes said it would reduce operational inefficiencies and costs passed on to the investor, with a starting price of $27.50 per month plus 0.1025 per cent per annum.
Recommended for you
Evidentia Group has announced the appointment of a chief risk and operating officer, rounding out its executive leadership team after a slew of hires last month.
Family office Lederer Group has progressed its takeover bid for the Elanor Commercial Property Fund, lodging a bidder’s statement with ASIC as it says the fund has been “unable to agree” on negotiation terms.
Magellan Financial Group is keen to enact further strategic expansions with income from strategic partnerships tripling to $31.1 million from the addition of Vinva during FY25.
Outflows have doubled in the property and infrastructure space to $1.3 billion with advisers instead favouring private markets as Morningstar data finds active property funds are struggling to outperform.
