Netwealth has once again come out on top as having the best overall platform functionality as judged by Investment Trends, challenging industry giants and niche platforms, by delivering a well-rounded fully integrated proposition committed to supporting the needs of the IFA market.
It is the second consecutive year that Netwealth has been rated the number one platform by Investment Trends in the Platform Benchmarking and Competitive Analysis report, which scores platforms across 526 criteria.
In addition to this achievement, Netwealth had the highest rating for: Transaction tools, Decision support tools and Online business management. It was also awarded Best Client portal.
Investment Trends reviewed 19 platforms from 11 platform owners from August to December 2016, conducting face-to-face interviews, research and audits.
This announcement comes only months after Netwealth won the award for overall user satisfaction in the Investment Trends 2016 Planner Technology report for the fourth year in a row.
Netwealth Joint Managing Director, Matt Heine commented:
"We're extremely proud of these recent results. We continually invest in improved usability, better integration and new enhancement with the hope that advisers can run their business more effectively and deal with their clients in new ways."
New Netwealth enhancements include updates to the adviser dashboard to efficiently provide actionable information, a larger range of managed accounts (including international) and seamless integrations with fintech providers such as TipRanks to provide US research and Xplan to automate account applications."
"Seeking out and listening to our clients’ needs is always at the forefront of our decision making when we explore product enhancements, and we’ll continue to work in this collaborative, customer-led fashion into the future,” Heine concluded.
Recep III Peker, Research Director at Investment Trends commented:
"We've seen a steep rise in demand from advisers for greater usability and efficiency from their platforms, and Netwealth have again shown their ability to be innovative and market leaders in this space."
Peker added:
"We've been conducting this rigorous analysis of financial planning platforms for over 13 years, and in a market that is and has always been highly competitive, Netwealth has been able to take the lead in not just feature set, but also user satisfaction thanks to its broader service proposition."
Netwealth continues its growth in the IFA private client and wealth management sectors, exceeding $11 billion in Funds Under Management.