Financial services group Netwealth has launched managed discretionary account that will offer investors and advisors access to various multi-asset investment models.
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Through the new account, assets held in the selected models will be reviewed and rebalanced automatically depending on the manager’s target portfolio.
At the same time, the discretionary account will also enable investors to hold the underlying assets in their account and transfer them in and out of the selected model any time.
Netwealth joint managing director Matt Heine said that the new service will offer access to other asset classes including fixed income, listed bonds and international equities in the coming days.
"For advisors it is a fantastic way to outsource investment in asset classes where they might not have the expertise," remarked Heine.
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