NewswireTODAY - /newswire/ - Melbourne, Victoria, Australia, 2010/05/31 - netwealth today announced the addition of a daily data feed from the netwealth Investment Wrap to BGL, a leading provider of SMSF accounting software.

The introduction and ongoing delivery of the data feed will greatly reduce the time and administration required by accountants and fund administrators to process transactions associated with fund accounting including share trades, managed fund switches and income processing.

In addition to offering an in-house SMSF administration and technical service, netwealth is focused on working with dealer groups and accountants to assist them in providing efficient SMSF services to their clients.

Matt Heine, Executive Director at netwealth commented: “netwealth is committed to developing and offering a broad range of services to the HNW, Private client market. In most cases advisers servicing this segment will look to use a SMSF as part of a clients overall strategy and we need to ensure they get value and efficiencies from the relationship.”

He continued: “Given the size and growth of the market netwealth clearly understands the need to work closely with current and prospective licensees, advisers and accountants, who specialise in SMSF advice.”

netwealth has recently released a number of new initiatives for the market segment including new rebalancing technology to assist with managed account arrangements and a private wealth rate card aimed at businesses operating on a fee for service basis.

About netwealth Investments

netwealth (netwealth.com.au) provides investment and super solutions to financial planners across Australia. netwealth Investments Limited (netwealth) is an unlisted public company that entered the market in 2002 to provide a wide range of financial products to Australian investors and the financial planning industry. netwealth is a member of the Heine Brothers Group, a privately owned organisation that originated in Europe in 1865. The group has a long history in international trade and finance. In 1945 Australian operations commenced and the Heine Brothers Group become a major trading house dealing in commodities and bulk raw materials throughout the world. The group expanded its activities from international trade into finance, property development and investment. netwealth continues the strong Heine tradition as an innovative financial services organisation focused on building strong relationships with investors and investment professionals.

netwealth holds an Australian Financial Services Licence (AFSL 230975) issued by the Australian Securities and Investments Commission (ASIC), a Registrable Superannuation Entity Licence (RSE Lic. No. L0000192) issued by the Australian Prudential Regulation Authority (APRA) and netwealth is a member of the Investment & Financial Services Association (IFSA).

Agency / Source: netwealth Investments

Availability: All Regions (Including Int'l)

Traffic Booster: [/] Quick NewswireToday Visibility Checker

Distribution / Indexing: [+]