netwealth engages Financial Simplicity to provide leading edge model portfolio and managed account technology

19/08/2009

Financial Simplicity Media Release

Support in Australia continues to grow for model portfolios and individually managed accounts (IMAs).  Investment platform manager netwealth has engaged specialist investment technology firm Financial Simplicity to enhance its ability to offer tailored model portfolios and managed accounts to its growing client base.

  • Platforms require greater scope and flexibility
    “The level and breadth of investor sophistication is increasing significantly.  We are seeing a corresponding increase in demand by advisers for greater flexibility and transparency in investment portfolios. Platforms are therefore actively deploying advanced portfolio modelling technology to support adviser practice needs as part of next generation advice models,” says Stuart Holdsworth, Managing Director of Financial Simplicity.
  • Model portfolios are key to ‘new relevance’ in delivering advanced platform services
    Model portfolios, and the technology that drives their integration into a comprehensive platform offerings, are a vital component of newly relevant, “client-first” financial advisory services. 


    “netwealth’s decision to integrate model portfolios and managed accounts into its platform represents the best of new thinking in delivering high quality wealth management services in Australia”, states Holdsworth.
  • Cost effective, expedited platform enhancement
    Critically, netwealth has effectively ‘leap-frogged’ its platform colleagues by acquiring, rather than building, a seamless solution for its model portfolio and managed account requirements.  Financial Simplicity has invested ten years perfecting the complex algorithms to ensure its model portfolio and managed account technology suits the requirements of investment platforms.

The technology is immediately available and, given its Open Architecture design, provides a both more rapid and practical solution for platforms than in-house development.

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