SEARCH

Netwealth hits $8bn in FUM

Netwealth hits $8bn in FUM
Non-institutional platform provider Netwealth has reported it has now reached in excess of $8 billion in funds under management (FUM) - driven by strong inflows across the IFA, private client and wealth management sectors.
According to Netwealth managing director Matt Heine: "We are really pleased with how the platform is growing, and the increased adoption and awareness across the broader industry."
"It's an exciting time for us, and we are seeing a large increase in new opportunities as advisers focus on building better, more efficient businesses and delivering better client outcomes.
"We have introduced a significant amount of new functionality into the platform this year, including the launch of our managed account service, which has been really well received by our clients across different segments of the market, including strong interest from traditional stockbroking and investment firms," he said.
Netwealth added that in addtion to the ongoing development of its platform, and the recent release of three private label managed accounts, it expects to release a further two private label managed accounts this year and another five in the first quarter of 2016.
"Additionally, the availability and growth of direct international equities on the platform since 2014 has been a major benefit to advisers and clients looking to diversify portfolios away from domestic equities and will be extended to provide managed international models early in the new year," a statement from Netwealth said.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
most viewed

‘Doing things in paper is no longer efficient’ for advisers

How the great resignation can create opportunities for advice practices

New ‘first of its kind’ tool claims to cut SOA production time in half

New offering aims to make sourcing alternative investments easier for advisers
latest event
