Product updates
A summary of our platform enhancements.
We are constantly looking at new way to enhance our platform to include a wider product offering, improved managed account service, better reporting, simplified transactions and more.
Below is a summary of our key product highlights. If you would like to learn more or to see them in action please speak with a BDM.
Streamline the administration process following your client’s passing with Netwealth’s new online notification system. Upon receiving your online notification, we suspend any adviser fees, cancel any ongoing contributions and reinvestment plans, and initiate the necessary paperwork for death claims. This aids in the smooth closure of accounts and processing of associated insurance claims during these difficult times.
Experience a smarter way to manage external bank accounts with 'Bank Settings'. Easily link bank accounts to simplify the transfer of money into and out of Netwealth accounts. Store multiple standing direct debits for deposits and multiple nominated bank accounts for withdrawals. Securely add nominated and income stream bank accounts using two-factor authentication (2FA), allowing your clients to swiftly and securely approve any changes you make.
Your low-cost super and investment solution, Accelerator Core, now offers more options with the addition of BlackRock GSS ESG Screened Models and new offerings from Russell Investments. The BlackRock GSS ESG Screened Models apply passive ESG-screened investment strategies, while the expanded range within the Russell Investment Managed Portfolios now includes a High Growth and Geared 120 Model. These new offerings are also available through Accelerator Plus.
Netwealth is excited to partner with iCapital, a fintech platform headquartered in New York, to broaden the scope of investment opportunities for your high-net-worth clients. This collaboration provides wholesale investors with access to private market investment options, such as limited partnerships and non-Australian domiciled funds, all accessible via the Wealth Accelerator non-custodial asset administration.
Netwealth's low cost portfolio solution just got better with a refined administration fee of 0.15%^, more term deposits, a new cash fund, and expanded range of managed models.
With Super and Wealth Accelerator Core, you can build cost effective portfolios with access to over 60 investments, comprising managed funds, models, term deposits, fixed term annuities, and cash.
^The 0.15% administration fee applies to account balances up to $750,000 and is subject to additional fixed and minimum fees. For complete fee details, view the disclosure document for Super Accelerator and Wealth Accelerator.
Build a diversified bond portfolio into your income investment strategy with the Netwealth Small Parcel Bond Service, tailored for wholesale clients within our Wealth Accelerator Premium Service.
Netwealth leverages IAM's expertise as an ASX-listed specialist in income investment and provides access to domestic corporate bonds with a minimum investment as low as $50,000, well below the usual $500,000 minimum threshold.
Empower your clients to navigate economic uncertainty with a range of Challenger Fixed Term Annuities. Choose from a range of terms spanning 1 to 5 years, with rates typically higher than those of comparable term deposits. With a seamless application process, you can purchase fixed-term annuities directly via Super Accelerator and Wealth Accelerator, just like you would for other investment options. This eliminates the need for separate Challenger quotes and applications.
Challenger Fixed Term Annuities are available now for purchase through the Netwealth platform with rates updated weekly.
With Netwealth's new Public APIs, it’s now easier for developers to build software solutions for advice firms. An API, or Application Programming Interface, facilitates seamless data sharing and communication between different software applications. Our Public APIs unlock a trove of Netwealth data, enabling you to innovate processes and automate tasks.
Our Public APIs can be useful for AdviceTech software providers, licensees and advice firms wanting to automate their in-house processes, and Managed Account managers looking to automate the review and reallocation of their models. The range of Public API endpoints includes:
For further information, visit our Knowledge Centre guide to get started or contact a Business Development Manager (BDM).
For an in-depth and live look at any of our features, please request for one of our team to contact you.
Streamline your workflow and save valuable time with our redesigned client reporting suite. Access these new client reporting features:
We have integrated Osko payments, enabling near real time deposits from 85 Australian banks, any time of the day, and 365 days of the year. Funds deposited via Osko now appear within a Netwealth account almost instantly so they are immediately available for use.
View the Knowledge Centre guide for reference requirements for superannuation and EFT transfers made using Osko.
Our latest Return Contribution Report will help you understand the relative contribution each asset and asset class has to your client’s portfolio return and performance over a specified time frame. Quickly pinpoint your client's top-performing investments and those that lag behind.
For each asset or asset class understand:
* The daily returns of each asset are weighted to derive daily contributions, then the daily contributions are added to obtain each asset's contribution for the period.
Welcome to a new look interface to help you better manage your activities, tasks and alerts assigned to you and your team. Easily view, approve, manage, filter and archive activities for you, your team and clients.
Approve and monitor tasks assigned to you or your team: Manage over 20 tasks created by Netwealth for your office and clients, including corporate actions and expiring advice fee renewals.
Smart client alerts and reminders: Take action and avoid manual account checks with over 10 smart client alerts, including alerts for expiring term deposits and maturing annuities, minimum cash balance alerts, pending rollovers and purchases awaiting cash.
Client approvals made simple: Your clients will now use the new Activities area to approve or reject a range of adviser initiated transactions (such as adviser fee requests and change of bank details) when they login to their client portal.
You can now add residential and investment properties to your client portfolios to provide a more accurate picture of their total worth. You and your clients will be able to view this information in the client portal and mobile app, including property photos, estimated property values, along with the comparable median price.
Your clients can now build a complete picture of their financial wealth with Netwealth's client portal. In the one spot, track and monitor external bank, broker, and super accounts from over 200 financial institutions, alongside residential and investment properties:
Improve client engagement, service levels and build trust with Netwealth's client portal and mobile app available on Apple and Android devices.
Netwealth has partnered with Lonsec Investment Solutions to offer investors a suite of diversified managed account models that leverage Lonsec's extensive research capabilities.
The models use a core-satellite investment approach, blending low-cost index funds with actively managed investments, with the intent to help reduce costs, control volatility and generate greater returns.
There are four Lonsec GSS Index Plus models. Each model typically holds around 9-14 investments, and are constructed using a range of growth and defensive assets such as Australian and global equities, property, fixed interest and cash. All models are backed by Lonsec's rigorous governance and review process.
The new Netwealth + Xeppo connector allows you to connect your Netwealth client data with Xeppo's intuitive data warehouse, and also their CRM and rich reporting capabilities.
Xeppo brings together client data from multiple data and system sources, over and above Netwealth, to allow you to consolidate and synchronise client information. Using the Xeppo CRM, you can then view Netwealth account data with other client data in a single interface, plus use other powerful CRM functionality to automate client engagement tasks and view data business and client insights.
Netwealth has also agreed to provide growth funding of up to $2.5 million to accelerate the ongoing development and expansion of the Xeppo data analytics and business management platform which supports the Netwealth “Whole of Wealth” strategy. Under the arrangement, Netwealth, which currently owns 25%, has an option to buy 100% of Xeppo over the next 4 years.
You're in good hands, Netwealth has won the Chant West Advised Product of the Year for the fifth consecutive year. The award recognises funds that score well in Chant West's main criteria and have also invested in dedicated systems to help advisers manage their client base and access their client details.
You can now close your client's Wealth Accelerator online without the need for paper based instructions. The online withdrawal process now allows for a full cash withdrawal with any assets redeemed and the account closed.
For an in-depth and live look at any of our features, please request for one of our team to contact you.
Now client portfolios can be benchmarked against pre-set benchmarks or custom objectives. With the latest enhancements to Netwealth's client reports, you can select two benchmarks, selecting from 5 Morningstar target allocations, CPI or the cash rate. You can also create a custom objective by adding a fixed % rate of return above either the CPI or RBA cash rate. For example, a portfolio may be benchmarked against RBA cash rate + 4% p.a.
More reporting enhancements:
Enjoyed by over 8,000 readers, Netwealth’s Morning Business Roundup is a daily curated news feed with the latest market and company news.
It is now available for your clients using the Netwealth app, when you turn it on via ‘Communication’ located under Business Settings in the main menu.
You can also white label the Netwealth mobile App so it aligns with your branding.
Help your clients to stay informed of relevant market news whilst keeping your business front of mind.
Advisers and their clients can now monitor connected insurance policies through the mobile app. Insurance sums insured are displayed in charts and upcoming premiums can be monitored with calendar alerts. Users can even download a certificate of currency for group policies straight from the app.
Netwealth is the first platform to offer NAB Equity Builder, a new type of investment loan that gives investors an alternative to a margin loan or home equity loan. NAB Equity Builder is a principal and interest (P&I) loan for purchasing managed investments such as managed funds, ETFs, LICs and SMAs. There are no margin calls and the loan uses the investments acquired through the NAB Equity Builder as security.
We have several new changes and enhancements to how we manage pension payments, offering greater flexibility in how and when pension payments are received. The key enhancements include:
We are releasing improvements to the mobile app every month. Here are some of the latest adviser and client enhancements:
Log into or download the app at the Apple Store or Google Play to find out more.
Netwealth's diversified index based funds, formally known as the Netwealth Index Opportunities funds, have been relaunched. BlackRock Investment Management (Australia) Limited have been appointed as the investment manager and the product names amended to reflect the change of manager.
These funds are diversified investments that use strategic asset allocations and invest in underlying BlackRock managed funds and ETFs. The underlying investments are a mix of index, enhanced index and active strategies. The allocation to active strategies is used where the manager sees particular opportunities due to market inefficiencies and the potential to generate alpha. These funds are also available in Accelerator Plus.
According to our latest research(1), 45% of Australian's aged 18+ say that socially responsible investing is an important consideration in their investment strategy or that they are willing to sacrifice returns / pay more for socially responsible investments. The challenge for them and for like-minded investors is to validate the authenticity of the investments they choose.
With this in mind, we are pleased to introduce ESG research and ratings on managed funds from Morningstar. The new ESG ratings available on our Compare Funds & Models page include:
We have also introduced a resource where you can access Morningstar's top-rated ESG funds across different asset classes.
(1) 2020 Advisable Australian Survey, n=1,616 people aged 18+
We are upgrading and making the login process simpler and more secure with a new login page and password issue process.
You can now define your own asset and detailed (sub-asset) classes to override Netwealth's default asset classifications. Giving you the ability run customised client reports and have online portfolios that reflect the asset allocation and terminology used by your practice. For example, some firms may want to change "multisector" to "diversified" or create custom asset classes for investments currently assigned to 'other' or 'miscellaneous' categories.
Asset Classification is available now and requires licensee approval, contact your BDM for more information.
Improve client engagement, service levels and build trust with Netwealth's new mobile app for clients.
With two in five advisers that use client portals benefiting from improved client engagement and client satisfaction* we are pleased to launch Netwealth's next-gen client portal, a mobile app for your clients.
*Source: 2021 Netwealth AdviceTech Report, n=348 respondents
It is now easier to buy and sell investments through Netwealth via our updated investment order pad.
To save time and remove complexity, we have integrated ASX trading into one screen so you can trade ASX securities, managed funds, term deposits and managed account models in a single transaction.
We are pleased to announce our new partnership with Citigroup Global Markets Australia Pty Limited (‘Citi’) as our preferred platform broker for trading of ASX securities.
Citi is a well-established global equities trading business with a strong local presence in Australia, extensive industry experience and market-leading technology. Through our partnership with Citi, we believe financial advisers and clients will enjoy an even better trading experience.
As a result of this new partnership, we have refined certain platform ASX security trading rules:
Provide a better client experience and service offering by sharing account information with your clients' professional support network.
Professionals such as accountants, stockbrokers, and mortgage brokers can now create a Netwealth Professional Third Party account and be given permission to view the details of your clients' accounts online. Providing them with a range of benefits including:
We've put together a guide on how to facilitate the creation of Professional Third Party accounts and how to provide client access.
Under the Financial Sector Reform Act 2021, new requirements for client fee consent begin from 1 July 2021.
To simplify the collection of advice fees for your business, we're building out new functionality and updating our process, including electronic fee consent options, embedded fee consent, and online tracking.
As part of our flexible fee management tools that help you manage fees and disclosures, fee updates, discounts and client release from fees, we are pleased to announce the upcoming release of our fixed term advice fee solution.
With Live Chat, you can chat with a Netwealth customer service representative using instant messaging from your desktop, eliminating the need to call us. Get answers to your questions from a real person in real time, during business hours, 8:30am to 5pm AEST.
Almost 3 in 5 advice firms manage 25% of their clients' investment and super portfolios externally to the platform ('off-platform'), with a further 20% managing over half of their client's portfolio 'off-platform'*.
This creates the reporting challenge of getting a true understanding of a clients' portfolio, as well as the additional administrative overhead of using workaround systems when entering and managing external data.
XWrap is Netwealth's solution to change this. We've simplified the process for recording 'off-platform' asset data for a client, including unit price history, income, fees and other transactions. We've also enhanced our reporting suite so you can use it to view XWrap data consolidated with Netwealth accounts or as stand-alone.
Instead of having to select preferred tax options for each parcel sold, you can now set a preferred tax option for sale at an account level. You can choose from First In First Out, Last In First Out, Maximise Gains or Minimise Gains methods for CGT calculations. This can be set via Client Details > Account Settings > Tax Preference.
We've refreshed the look of our annual super statements to give your clients a clearer view of their super account. The new design features:
With our new 'Pro-rata' sell option you can set a fixed total sales amount and the selected managed funds will sell down at the percentage they are held. Go to Buy & Sell assets>Switch assets and select 'Pro-rata' from the drop down in horizontal calculator at the top.
A “Transactions by type” summary has been added to the Client Cash Transaction Listing Report to show the total value of each transaction type for a chosen date range.
We are expanding our Accelerator Core investment menu over the next 12 months, and are pleased to announce these first release strategies:
GSS Active Single Sector Funds
Managed by Magellan and based on the same strategy as their flagship funds, the Magellan GSS Funds are suitable for long-term investors seeking an active exposure to listed global securities or listed global infrastructure securities.
GSS Risk-Managed Models
With built-in risk protection, the Milliman Smartshield GSS Managed account models are designed for investors seeking to reduce volatility in their portfolio.
We now permanently accept Docusign generated e-signatures for many Netwealth documents, in addition to accepting drawn electronic signatures from any provider.
To take advantage of this:
You can export a summary of a client's holdings and configure the information shown in our updated Portfolio report.
To configure and download:
We've introduced BPAY to supplement our Pay Anyone functionality, providing another easy and convenient way for Wealth Accelerator clients to make one-off or recurring payments through their Netwealth account.
You can also schedule payments and save biller details.
® Registered to BPAY Pty Ltd, ABN 69 079 137 518
Our redesigned ASX Live data centre can help you stay on top of the local market:
In addition to 170 banks and credit unions, you can also include bank feeds for:
A client can add a bank feed to their accounts through My Accounts on their Dashboard by selecting Add account>External account.
We have revamped our Buy/Sell functionality giving you the ability to:
We've added new reports and capabilities to help you see a better picture of your client's position:
To help your clients during retirement we teamed up with Challenger to provide access to annuities:
Our super transfer tool helps to remove any guesswork from pension to super account transfers (or vice-versa):
To use, select a client with a super or income stream account and navigate via the main menu to Activities and Tasks > Transfer Between Accounts. Follow the prompts and download the transfer documents for client sign-off.