Following an extensive tender process, Sydney-based boutique wealth management firm, Stanford Brown, has entered into a private label agreement with Australia’s largest non-institutional platform provider, netwealth, to provide its clients with managed account portfolios run by its internal investment committee.
Commenting on the announcement Matt Heine, Joint Managing Director of netwealth, said:
“This is a very significant deal for netwealth and validates the strength and flexibility of what we have developed and can offer the market. We are really pleased to be partnering with such a high calibre group and to be creating new and innovative services for their clients”.
He continued:
“The team at Stanford Brown, and in particular the investment committee, have many years of experience managing client portfolios and their deep in-house investment capabilities can now be leveraged to deliver better client outcomes utilising our managed account technology”.
Jonathan Hoyle, CEO of Stanford Brown commented:
“Platform investment technology has evolved significantly in the past two years. We believe that managed accounts offer our clients a superior investment solution. There are three clear benefits: a more proactively managed portfolio, lower costs and a better tax outcome. When choosing our new technology and platform partner it was critical that they could provide the necessary functionality, but also that their culture was aligned to ours. netwealth possesses an engaging mix of entrepreneurialism, flexibility and an independent spirit”.
Vincent O’Neill, head of Private Wealth at Stanford Brown, added:
“Stanford Brown’s Private Wealth division has grown eightfold in eight years to now manage $1 billion for its clients. We view the adoption of managed accounts as a key factor enabling similar rates of growth to continue well into the future”.
About netwealth
netwealth Investments Limited entered the market in 2002 to provide a wide range of financial products to Australian Investors and the financial planning industry. netwealth is a member of the Heine Brothers Group, a privately owned organisation that originated in Europe in 1865. The group has a long history in international trade and finance.
In 1945, Australian operations commenced and the Heine Brothers Group become a major trading house dealing in commodities and bulk raw materials throughout the world. The group expanded its activities from international trade into finance, property development and investment. netwealth continues the strong Heine tradition as an innovative financial services organisation focused on building strong relationships with investors, and investment professionals.
About Stanford Brown
Stanford Brown assists clients with a broad range of financial issues. While this often begins with arranging effective insurance or the management of investment portfolios, it also extends to all aspects of their financial lives. Their expertise lies in seeing the complete picture of their client’s life; their long-term goals, their financial situation, and their evolving life circumstances, to help them confidently plan for the future.
