LIS leverages Netwealth and iCapital to ship | Australian Markets
Lonsec Funding Options (LIS) has launched a new investment answer geared toward high web value (HNW) purchasers – an Individually Managed Account (IMA) which leverages the recently-announced partnership between Netwealth and iCapital targeted on different belongings.
The product, the LIS Development Options IMA will leverage the administration companies of Netwealth’s off-platform reporting to permit a unified view of the shopper account and supply an annual tax report.
The product has a minimal entry level of $500,000 with LIS claiming the answer will permit HNW purchasers by way of their advises to simply accept international and home opportunistic deal circulate by way of the Netwealth and iCapital partnership.
It stated entry to opportunistic deal circulate can be granted as soon as an investor’s LGA portfolio reaches $2.5 million.
“The development of this solution comes off the back of rapidly increasing client demand for portfolios with a high level of personalisation, whilst giving effortless access to the world of alternative assets,” LIS chief investment officer, Nathan Lim stated.
Netwealth chief government, Matt Heine stated his firm’s partnership with LIS and the supply of the LIS Development Options IMA represented a vital development.
“We have combined their portfolio management expertise with Netwealth’s diverse range of alternative and private market investment options including our Non-Custodial Asset Administration Service and our exclusive partnership with iCapital. The combination will simplify access and provide greater options to wholesale investors whilst also driving efficiency,” he stated.
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