Netwealth unveils an enhanced managed accounts offering

The new features have been developed to drive efficiency for advisers and help them better engage with their clients, Netwealth said in a statement.

At the same time Netwealth has begun to pilot an integrated service which allows advisers to establish new accounts utilising electronic signatures that can be executed in the adviser's office or on a client's computer, tablet or mobile phone.

This announcement follows the release of last quarter's results which highlights continued strong growth across the group with net flows in excess of $350 million and the establishment of its third private-label managed account.

Total funds under management in the group has grown to $7.73 billion despite market volatility.

Commenting on the new features Matt Heine, joint managing director, said: "Today's release, and our ongoing development roadmap, is fundamentally based on feedback from our clients, market conditions and importantly global trends in portfolio and client management.

"We believe our client feedback loop, and ability to prioritise items in an agile environment enables us to constantly deploy features that are market leading but more importantly useful and beneficial for our clients. As a result we also have a number of other really exciting initiatives due by year end."