OneVue, Watershed deliver account solution to Kuda Wealth
Boutique advice group Kuda Wealth is moving its high net worth clients to Watershed Funds Management’s managed accounts solution using OneVue’s platform.
Kuda Wealth said it had previously established a tailored advice service using direct equities, however, managing disparate shares for clients proved to be extremely labour-intensive.
After undertaking a review of this business model, Kuda Wealth principal Michael Davie selected Melbourne-based Watershed Funds Management, a specialist managed account provider, to design and build a series of risk-based portfolios for his clients.
“The Watershed Funds Management solution enables us to transition clients into six portfolios without losing the features clients liked about our investment proposition such as being able to look through to the underlying shares in the portfolio,” he said.
“That transparency still gives my clients that feeling of control however my time has been freed to concentrate on interacting with clients and finding better ways to add value.”
Watershed Funds Management managing director Adam Rowley said he found OneVue’s functionality to be more advanced than other platforms, catering for clients investing in both custodially held and non-custodially held assets.
Recommended for you
Lonsec Research and Ratings has appointed a head of sales, completing the leadership team to boost its reach with financial advisers.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the wealth channel.
The RBA assistant governor (business services) is set to speak at the Women in Finance Summit 2025, taking place this November.
Momentum Media’s wealth publishing network is pleased to announce the launch of the annual Australian Wealth Management Summit 2025.
