Melbourne, Australia, March 8, 2017 – Australia’s leading personal wealth portal, myprosperity, today announced a partnership with Netwealth, a high profile investment and super platform.
Matt Heine, Joint Managing Director at Netwealth Group, said “Netwealth is committed to fostering an open ecosystem for advisors, and myprosperity share that commitment. We work with a large number of advisors who use their service and we are excited to make this integration a reality.”
The partnership provides advisors using the myprosperity wealth portal access to Netwealth client account investment and portfolio data so they can display it within myprosperity, creating a more open and integrated experience for advisors and their clients. With investment data at their fingertips, advisors using myprosperity can now get updates on how their Netwealth clients’ superannuation investment accounts are tracking.
20,000 users currently track $30B in assets and over $5B in liabilities through their personal myprosperity wealth portal – an all-in-one platform individuals get through their advisor and/or accountant to manage their “whole of wealth”.
Founded in 1999, Netwealth recently listed on the ASX and is considered one of the leading fintech companies in Australia. As at December 31, 2017 it had $15.4 billion in funds under administration and currently has more than 2000 financial advisors and planners using their platform.
Chris Ridd, CEO of myprosperity said “We work with over 500 talented advisors who are dedicated to providing the best service to their clients. Given today’s tense debates around the ownership of financial data and advisors’ professional independence, partnering with Netwealth is a crucial step towards creating an open and diversified ecosystem where advisors and their clients can make informed decisions about their future.”
Ridd continued: “Importantly for advisors using our platform, they get to engage clients with a world-class wealth portal powered by automated feeds that delivers a compelling client experience.”
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