Combination of award winning technology platform and global multi-asset expertise makes for compelling proposition.
Netwealth, Australia’s largest non-institutional platform provider, today announced they have appointed Russell Investments as the new manager for their Actively Managed Diversified Funds.
The Funds, which have combined assets in excess of $400m, form part of the Netwealth Global Specialist Series and cover four risk profiles ranging from conservative through to high growth. The Funds are available exclusively on the Netwealth platform.
“Netwealth’s award winning technology coupled with Russell Investment’s highly rated multi-asset expertise is a very compelling proposition”, said Matt Heine, Joint Managing Director at Netwealth.
The move follows an in-depth and detailed review process by Netwealth of multi-asset firms in the Australian marketplace.
Mr Heine also added, “With today’s low returns and high volatility environment, we believe Russell Investments’ dynamic approach to investing will help our investors weather these market conditions and provide them with a greater chance of meeting their long-term goals.”
Siva Sivakumaran, Managing Director, Private Client Services at Russell Investments commented, “Netwealth clearly pride themselves on providing best of breed investment solutions to investors and advisers and they continue to demonstrate a strong alignment with the IFA market. Russell Investments was delighted to be selected by Netwealth in this highly competitive environment”.
The transition is expected to be completed in August 2016.
