Netwealth introduces major platform updates

Netwealth has recently launched a series of updates to its adviser platform, aimed at enhancing user experience and operational efficiency. These updates reflect the company’s commitment to leveraging technology to streamline the advice process and improve client interactions.

One of the most notable improvements is the simplified desktop interface, designed to provide a more cohesive and accessible experience for advisers.

“We have a laser focus on trying to improve the user interface, aiming to help advisers find information and lodge transactions faster,” said Matt Heine, Chief Executive and Managing Director of Netwealth.

This new layout promises easier navigation and quicker access to essential functions.

In addition to the interface overhaul, Netwealth has introduced advanced reporting tools. These include pre-configurable report settings, the ability to create custom report templates or packs, and the capability to generate multiple reports for multiple accounts simultaneously.

To further streamline the advice process, the company has implemented automated customised records of advice (ROAs). This feature allows advisers to input specific predefined text, such as a rebalance reason, and customise the client disclaimer to meet individual needs.

Recognising the growing interest in global markets, Netwealth has also expanded its international trading capabilities. The platform now supports straight-through processing and execution of international equities on 16 exchanges, facilitating T+1 settlements and access to live trading and limit orders.

Netwealth’s platform now supports over 20 data and software integrations, providing daily data feeds of client information to third-party software. This open architecture approach reduces double handling of data, improves accuracy, and enhances security.

“People expect to manage their wealth from their mobile phones. At Netwealth, our focus on the client portal and mobile app helps advisers deliver on this goal while saving time on paperwork and signatures,” Heine noted.

Clients can now approve adviser-initiated instructions via the Netwealth app, further streamlining the advice process and enhancing the overall user experience.

“We are excited about the future and the transformative power of technology in our industry. These latest updates demonstrate our ongoing efforts to make advisers’ work more efficient and impactful,” Heine stated.

More enhancements are planned from the company to further support advisers and clients.

• Read more under:
• Digital Banking
• Fintech