LIS leverages Netwealth and iCapital to deliver HNW IMA

Lonsec Investment Solutions (LIS) has launched a new investment solution aimed at high net worth (HNW) clients – an Individually Managed Account (IMA) which leverages the recently-announced partnership between Netwealth and iCapital focused on alternative assets.

The product, the LIS Growth Alternatives IMA will leverage the administration services of Netwealth’s off-platform reporting to allow a unified view of the client account and provide an annual tax report.

The product has a minimum entry point of $500,000 with LIS claiming the solution will allow HNW clients through their advises to accept global and domestic opportunistic deal flow through the Netwealth and iCapital partnership.

It said access to opportunistic deal flow would be granted once 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 said.

Netwealth chief executive, Matt Heine said his firm’s partnership with LIS and the delivery of the LIS Growth Alternatives IMA represented a significant 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 said.