A summary of our platform enhancements.
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.
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.
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.
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.
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.
We are upgrading and making the login process simpler and more secure with a new login page and password issue process.
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:
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.