Independent superannuation and investment platform provider Wealthtrac has added a share trading facility to its platform service, which the company says will provide advisers with greater flexibility.
Wealthtrac managing director and chief executive Matthew Johnson said the service provided six selected panel brokers, which would allow advisers to maintain individual broking relationships.
The external panel of brokers includes Bell Potter, JB Were, Morgan Stanley, Lonsec, RBS Morgans and Shaw Stockbroking.
The service is charged on a user-pays basis, which Johnson said would result in a lower cost and give advisers direct access to corporate actions.
The Wealthtrac Share Trading service also provides investors with an individual holder identification number, meaning investors can allocate corporate actions such as rights issues and dividend payments directly to the underlying shareholder rather than the entire shareholding of the platform, according to Wealthtrac.
