Netwealth expands SMA offering

Netwealth has announced it has expanded its retail managed account menu with the appointment of two new managers.

Netwealth expands SMA offering

Adrian Flores

Last Updated: 05 July 2017 Published: 05 July 2017

Elston Asset Management and Quilla Consulting have been added to Netwealth's list of managers, according to a statement.

Netwealth joint managing director Matt Heine said it's important that the platform provider continues "to add new professional managers and options to our menu to ensure the range of options remain relevant to both advisers and clients".

Elston head of asset management Nick Revis said the company is delighted to be working with Netwealth in delivering great outcomes for investors.

"Elston's investment approach delivers diversified portfolios across various asset classes to help investors build and preserve their wealth," Mr Revis said.

Quilla director Andrew Connors said, "Our SMA portfolios are cost effective and are designed for use by advisers, either as a holistic investment solution or as the core component of a structured recommendation.

"We are delighted to deepen our relationship with Netwealth to offer our public menu SMAs, in addition to our adviser private label portfolios."

In addition, Netwealth said it has launched initiatives including new adviser efficiency enhancements, nine new private label managed accounts and the transition of the Russell IQ Wealth and Super platform.

It also plans to add further managers to its managed account service during the second half of 2017.