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
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