Australian Unity Personal Financial Services has partnered with Australian platform provider Netwealth to offer a private label version of Netwealth's managed accounts offering to clients.

The partnership will offer 180 Australian Unity advisers access to Netwealth managed accounts, as well as allow Netwealth to tap into the $6bn of funds managed by Australian Unity.

Australian Unity Personal Finance Services head of investment research Jeff Mitchell said: "We believe our strategies are innovative due to the portfolios having absolute return objectives to exceed inflation by a risk premia, the use of a risk focused dynamic asset allocation and the use of a combination of both active and passive managed funds."

Netwealth joint managing director Matt Heine said: "Netwealth is delighted to further strengthen its relationship with Australian Unity with a managed account that offers three private label diversified models, together with access to a broader panel of professional mangers covering multiple asset classes."

In the last year, Netwealth signed similar partnerships with several firms, the most recent one being the one signed with Victoria-based financial planning group Securinvest in December 2016.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.