Australian non-institutional platform provider Netwealth has collaborated with specialist investment manager Beulah Capital to introduce two new private label managed account services for Choice Capital and Ashfords Wealth Advisors.

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The partnership will allow the two Australia-based advice firms to gain access to a diversified suite of separately managed accounts managed by Beulah Capital.

Netwealth joint managing director Matt Heine said: "Both groups will also benefit from the investment expertise of Beulah Capital who continue to work closely with boutique IFA [independent financial adviser] groups wanting to develop and implement a unique investment proposition for their clients".

netwealth is a subsidiary of netwealth Group, an unlisted public company which through its subsidiaries offers a range of investment, superannuation and advice solutions to over 30,000 members and investors. The company has recently passed $9bn in funds under management (FUM).

Australia-based Beulah Capital offers a broad range of wealth and asset management services. The firm operates its own Australian Financial Services License.

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