Australian Unity partners for managed account solution

Australian Unity has joined forces with a major managed accounts provider to offer a private label to its clients.

Australian Unity, which holds $6 billion in funds under management, is the latest firm to partner with netwealth for a private label solution to be made available to its network of more than 180 advisers.

Australian Unity Personal Finance Services head of investment research Jeff Mitchell said Australian Unity is excited to be offering its diversified portfolios via netwealth.

"We believe our strategies are innovative due to the portfolios having absolute return objectives to exceed inflation by a risk premia, the use of a risk focused dynamic asset allocation and the use of a combination of both active and passive managed funds," Mitchell said.

Netwealth joint managing director Matt Heine said: "Netwealth is delighted to further strengthen its relationship with Australian Unity with a managed account that offers three private label diversified models, together with access to a broader panel of professional mangers covering multiple asset classes."

The platform recently exceeded $11.3 billion in funds under management and is expected to further new initiatives for rollout to advisers over the coming months.

Read more: NetwealthAustralian Unity Personal Finance ServicesJeff MitchellMatt Heine
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