Australian non-institutional platform provider Netwealth has partnered with Sydney-based wealth management firm Stanford Brown for a private label managed accounts service.

Netwealth joint managing director Matt Heine said: “Increasingly, advisers are wanting an efficient way to implement actionable investment insights across their total client base from small balance clients to high net worth clients looking for sophisticated investment outcomes.”

Heine said that the new models on offer will “hold a core of high quality active managers with dynamic asset allocation implemented via the use of selected ETF’s”.

The new models will be managed by The Lunar Group.  

Stanford Brown CEO Jonathan Hoyle said: “The benefits of managed accounts to our clients are clear; far more proactive money management, a better tax outcome and lower fees.”

“Stanford Brown is now in talks with a number of financial advisers regarding managing their client monies. Many financial planning and accounting firms can’t or don’t seek to be specialist money managers and are seeking better resourced third party options,” Hoyle added.