Risk Company Update

Superhero launching adviser platform, dives into NZ

Superhero is a new platform set to help advisers and their clients to build and manage portfolios, and support advice provision across superannuation and non-superannuation. Advisers and dealer groups will be able to open new accounts, view clients and investments, build and manage portfolios and allocations, and access pre-built portfolios from leading managers. Individual share trades can be placed on client accounts, and comprehensive reports are available for download.

New Zealand advisers can now access Australian and US-listed stocks on the Superhero platform after the company expanded into New Zealand.

Research: advisers connecting with inheritors early increases retention

A US-based study has found that most wealth inheritors plan to work with their family’s financial adviser. The research has implications for Australian advisers who will see the unprecedented transfer of trillions of dollars in wealth moved to the next generation from baby boomers.

Key findings of the study include:

• Sixty-four per cent of inheritors who were introduced early to their family’s financial adviser worked with that adviser

• Eighty per cent of inheritors who met their family adviser as a child or teen worked with that adviser, versus 54 per cent of those who met them as an adult

• Eighty-seven per cent of future wealth inheritors intended to actively seek advice and planned to have an adviser at the time of the expected wealth transfer

Download the Nuveen Wealth Inheritor Study (PDF)