Netwealth adds multi-asset and equity solutions

Futuro Financial Services clients can now access a range of diversified portfolios from Joseph Palmer & Sons, with Netwealth securing another private label deal.

The model portfolios were added to the Netwealth platform as part of a partnership with Futuro affiliate Sterling Managed Investments.

Futuro clients will benefit from the investment expertise of Joseph Palmer & Sons, Netwealth joint managing director Matt Heine said.

"We have had a long-term partnership with Futuro, which we are delighted to extend further with the development of the Sterling models. It's fantastic that another successful licensee continues to embrace the many benefits of managed accounts for both advisers and their clients," Heine said.

Also commenting on the deal, Futuro managing director Paul Kelly said: "We're excited to be launching Joseph Palmer & Sons multi-asset and Australian equity models on the Netwealth platform under the Sterling brand. Joseph Palmer & Sons have a long tradition in managing Australian equities, income securities and ETFs, and are well known to the Futuro network."

This marks the third private label partnership Netwealth has entered this year, with Heine hinting there may be more to come.

"We continue to make significant investment into our technology and services and are progressing a number of exciting new initiatives that we hope to rollout to advisers during the early part of the year," Heine said.

Read more: NetwealthJoseph PalmerSonsinvestmentadvisersFuturo Financial ServicesplatformadviceMatt Heinemodel portfoliosPaul KellySterling Managed Investments
Editor's Choice
DARREN SNYDER
About three-quarters of Australian institutional investors are incorporating environmental, social and governance factors in investment decisions.
JAMIE WILLIAMSON
Businesses looking to integrate enhanced technological capability must consider its future impacts, or else risk creating a greater trust deficit in the financial services industry.
ALEX BURKE
A comprehensive review of Praemium chief executive Michael Ohanessian's termination and subsequent reinstatement determined the previous board acted inappropriately and unreasonably.
JAMIE WILLIAMSON
Advisers will soon have access to Challenger's deferred lifetime annuities through Colonial First State platforms.
Videos
Brought to you by
27 APR 2017
Smart beta strategies have come of age. I remember them being discussed several years ago with either cynicism or amusement among the institutional circles. Not many took 'smart beta' seriously. The tone ...
Get it Daily
Keep up to date, don't be the last to know! Get the Financial Standard Daily Newsletter.
SUBSCRIBE
Products
Pocket investment guides featuring adviser case studies and a glossary.
Investing trends and strategies from the industry’s thought leaders.
Putting the spotlight on investment products that matter.
Expert Feed
Michelle Baltazar
FS ADVICE
A case for digital activism
The time is ripe for financial advisers to embrace their role as digital activists - fiduciaries who are early adopters of finance ...
Emma Rapaport
FS SUPER
Smashed on university fees, smashed on retirement
Since Scott Morrison's pre-budget announcement that debt would be reclassified as 'good' or 'bad', the government spending spree has ...
Christopher Page
FS PRIVATE WEALTH
The next generation
On March 20, David Rockefeller - former Chase Manhattan chair and last of Standard Oil founder John D. Rockefeller's grandchildren ...
Michelle Baltazar
FS MANAGED ACCOUNTS
Hitting the mark
Ten years from now, every financial adviser in the country will be offering their client a managed account solution. It may happen ...
Featured Profile
Professional Subscription for $295
(inc GST) for 1 year.
SUBSCRIBE
OTHER PUBLICATIONS
FS Advice
The Australian Journal of Financial Planning.
Get the free iPad app
Download the Financial Standard iPad app for FREE.
DOWNLOAD
Link to something 0sP9yEy0