Netwealth has announced that it has been selected by ANZ to provide its Platform as a Service and administration services to ANZ Private.
The platform would provide ANZ Private with a multi-asset, multi-currency investment offering including discretionary managed portfolios, domestic and international equities and bonds as well as domestic managed funds, term deposits, and foreign currency.
It would be available for ANZ Private’s existing clients with investments held predominantly in discretionary portfolios.
The firm also said it planned to introduce further capabilities to clients offered by the new platform commencing around July, 2019.
“The platform will support ANZ Private’s strategy of using the bank’s strong Australian foundations, and market-leading service proposition and insights, to better meet the complex investment needs of their private bank clients and their bankers and advisers,” the company said in a press release.