Boutique advice group Kuda Wealth is moving its high net worth clients to Watershed Funds Management’s managed accounts solution using OneVue’s platform.
Kuda Wealth said it had previously established a tailored advice service using direct equities, however, managing disparate shares for clients proved to be extremely labour-intensive.
After undertaking a review of this business model, Kuda Wealth principal Michael Davie selected Melbourne-based Watershed Funds Management, a specialist managed account provider, to design and build a series of risk-based portfolios for his clients.
“The Watershed Funds Management solution enables us to transition clients into six portfolios without losing the features clients liked about our investment proposition such as being able to look through to the underlying shares in the portfolio,” he said.
“That transparency still gives my clients that feeling of control however my time has been freed to concentrate on interacting with clients and finding better ways to add value.”
Watershed Funds Management managing director Adam Rowley said he found OneVue’s functionality to be more advanced than other platforms, catering for clients investing in both custodially held and non-custodially held assets.