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Adviser Ratings & Netwealth form data partnership

Press release December 18, 2018

Sydney, NSW: Adviser Ratings today announced a partnership with Netwealth, Australia’s largest specialist super and investment platform, for the provision of data insights on the wealth management channel.

Adviser Ratings

“Securing Netwealth on a long-term partnership is a tremendous endorsement of what we are creating at Adviser Ratings,” said Adviser Ratings CEO Wealth Mark Hoven. “While we are better known for our consumer marketplace, we are rapidly building out services to advisers, licensees and industry vendors. We aim to increase overall system transparency while lowering transaction costs through smart data and analytics for a range of activities that occur between participants in the channel. It is particularly pleasing then to be working with Netwealth as an organisation that exemplifies the curiosity and leverage of market intelligence necessary to get ahead of evolving customer requirements.”

Joint Managing Director Netwealth Matt Heine said, “We are delighted to partner with Adviser Ratings to access rich intelligence on the wealth distribution market. We are committed to working with financial advisers to support their business and clients. The insights from Adviser Ratings help us to better understand our customer needs and continue to improve and add services tailored to those requirements. This has become even more critical as advisers are rapidly moving to new licensees and demanding more from their service providers, and we must be responsive to that.”

The current financial advice landscape is characterised by great uncertainty stemming from the changes likely to arise from the Royal Commission, exits by major banks, and the front-running of advisers ahead of changes to education standards. The unprecedented movement of advisers swapping licensees and of new licensee establishments is further challenging the orderly operation of the entire retail wealth system. “Financial advisers to a large extent have always owned the client and influenced their financial product purchasing decisions. Adviser switching and exits from the industry are challenging long-held paradigms about who ultimately owns the client and how orphaned clients are transitioned and retained. Furthermore, these transitions represent significant risk to established vendor-adviser relationships that suppliers must proactively manage,” said Hoven.

End of Media Release

 

 

About Netwealth

Netwealth is a financial services company listed on the Australian Stock Exchange (ASX: NWL). Netwealth was founded in 1999 and established to provide astute investors and wealth professionals with a better way to invest, protect and manage their current and future wealth. As a business, Netwealth seeks to enable, educate and inspire Australians to see wealth differently and to discover a brighter future.Netwealth offers a range of innovative portfolio administration, superannuation, retirement, investment and managed account solutions to investors and financial intermediaries including financial advisers, private client and high net worth firms. Netwealth's award-winning platform is currently rated Australia’s Number 1 Platform for overall functionality and overall satisfaction providing wealth professionals with the technology required to efficiently manage and add value to their clients.

For more information, visit https://www.netwealth.com.au

 

About Adviser Ratings

Adviser Ratings launched in October 2014, in the wake of the Future of Financial Advice reforms (FOFA), the Financial System Inquiry (FSI) and financial planning scandals of the time. Adviser Ratings’ vision is to improve the penetration of advice amongst Australian consumers. There are more than 25,000 financial advisers and 36 robo-advisers on its independent platform, enabling consumers to browse and search for an advice solution suited to their needs, rated and reviewed by other consumers. Adviser Ratings has evolved into a data and technology company providing services to the wealth management industry including advice licensees, super funds, life insurers, fund managers, investment platforms and software providers.  

 

For more information, visit https://pro.adviserratings.com.au

 

 

FOR MORE INFORMATION

Mark Hoven | CEO of Wealth | Adviser Ratings

0413 614 640

mark@adviserratings.com.au

Subjects


Superannuation Partnership