Netwealth reveals new licensee partnership

Under its arrangement with MLC Wealth subsidiary Godfrey Pembroke, its advisers will have access to the Netwealth product suite, including the Wealth and Super Accelerator products as well as its managed account service, according to a statement.

"We are really excited and pleased to be working with the GPL management team and advisers, and believe our platform provides solutions that are well matched to their client base and can drive real efficiencies for their practices," said Netwealth joint managing director Matt Heine.

"We continue to see fantastic growth opportunities across the market and our new partnership with GPL is great recognition of the capabilities we have developed and our focus on delivering outstanding service."

Godfrey Pembroke licensee general manager Alan Logan said it is committed to bring technology and innovation to its advisers to drive value for GPL advisers and their clients.

"This space is innovating at a rapid pace and we look forward to partnering with specialists such as Netwealth who are leading that charge," Mr Logan said.

In April, ifa reported that Godfrey Pembroke was intending to leave the MLC network it joined in 1999 and set up as a non-bank dealer group under its own AFSL.

Adrian Flores

Adrian Flores is a deputy editor at Momentum Media, focusing mainly on banking, wealth management and financial services. He has also written for Public Accountant, Accountants Daily and The CEO Magazine.

You can contact him on [email protected].