Product updates:
2019 in review
A summary of our platform enhancements from 2019.
What's new
In 2019 we enhanced our platform to include a wider product offering, improved our managed account service, created new reports, simplified transactions and more.
Below is a summary of our key highlights throughout the year. If you would like to learn more or to see them in action please speak with a BDM.
January - March
Streamlined transfers between super and pension
Our super transfer tool helps to remove any guesswork from pension to super account transfers (or vice-versa):
- Form pre-fills with details already on the account, with the option to override
- Validations help users fill in requirements
- Multi-use super transfer tool facilitates multiple strategies.
To use, select a client with a super or income stream account and navigate via the main menu to Activities and Tasks > Transfer Between Accounts. Follow the prompts and download the transfer documents for client sign-off.
Other important enhancements
- New managed funds and models added
- New adviser report showing managed account customisations such as rebalance suspensions
- Browse only clients able to update bank details online
- Enhancements to the Family Fee Linking Tool allowing clients to link admin fees for their accounts if they are with different adviser representatives
- Automatic pricing of bonds
April - June
Challenger Annuities available on Netwealth
To help your clients during retirement we teamed up with Challenger to provide access to annuities:
- Access a range of Challenger annuities at the same rates as going direct
- Access a range of Challenger tools and resources
- Quote and apply for a Challenger annuity via the Netwealth platform
- View annuity policy details alongside other assets online
- Also available to clients who do not have a Netwealth account.
Other important enhancements
- Netwealth Managed Account Service (NMAS) launched to simplify adviser and client investment experience
- Trade confirmations made available as a PDF
- Browse only clients can accept ad-hoc fees
- Browse only clients able to edit personal details
- Simplified password reset process
- EOFY task added on "My Task" to navigate statement tracking
- Updates made to the model manager portal including new reports and user settings
July - September
Client reporting updates
We've added new reports and capabilities to help you see a better picture of your client's position:
- Indicative Income report which predicted income for assets held in the account, based on historical asset data.
- Portfolio valuation reports have the ability to look through to underlying asset allocations for managed funds
- Calculate your portfolio returns net or gross of fees and costs
- Ability to split alternative investments from other investments
- PDF trade confirmations for ASX and international shares
Other important enhancements
- Managed account income available in pay to bank option
- Integrated with FactSet to improve managed account reporting
- Alternative investments asset class added to reports
- Add model portfolios for reinvestment in Cash Settings
- Adviser notifications when Partial SuperStream rollover without enough cash
- Reports can be downloaded in CSV format
- CGT rewrite provides an updated format for their Realised Capital Gains data,
- Document storage library allows the ability to securely access documents from external providers
October - December
Enhanced trading of managed funds and models
We have revamped our Buy/Sell functionality giving you the ability to:
- Buy and sell assets on a single screen, so you can use the sale proceeds for purchases.
- Manage capital gains or losses through the selection of individual parcels for sale.
- Make trading decisions easier with estimated buy and sell prices.
- Save the transaction prior to submission for approval by another person.
Other important enhancements
- Added new asset class classifications and investment limits
- Section for Power of attorney added in online applications
- Ability to pay an ad-hoc adviser fee immediately
- Remuneration report notice on my tasks
Want to see any of our features in action?
For an in-depth and live look at any of our features, please request for one of our team to contact you.
