Zenith, Netwealth in portfolio partnership

14-Sep-2017

By Sarah Kendell

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Research house Zenith Investment Partners will manage a series of blended portfolios for Netwealth in the platform provider’s Super Accelerator and Wealth Accelerator investment options.

The new partnership will build on the two firms’ existing relationship in the managed account space, with Zenith managing a number of private-label managed portfolios Netwealth has built out for some of its advisory group partners.

Commenting on the announcement, Netwealth joint managing director Matt Heine said the partnership would ensure the group continued to add new professional managers and options to its menu at the same time as building out its white-label business.

“We are delighted to make the Zenith models available more broadly to our advisers and clients, having worked closely with Zenith on delivering private-label managed accounts to a number of boutique wealth management groups wanting to develop and implement a unique investment proposition for their clients,” Heine said.

Zenith joint managing partner David Wright added the company was pleased to be able to offer the benefits of its managed account solution to a broader range of advice businesses through the new managed portfolio series, to be called Elite Blends.

“With the rapid rise of interest in managed account portfolio solutions we have experienced significant demand from advisers already for our Elite Blends portfolios within a managed account structure,” Wright said.

Netwealth, which recently exceeded $15 billion in funds under management and administration, said it planned to add further managers to its managed account service by the end of the year.

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