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.
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.