Private Wealth Advisers have transferred the custody of their assets on to the platform.

It is a custodial wrap service designed for financial advisers, which offers investors access to a wide range of investments in multiple currencies, including wholesale managed funds, multi-term deposits and listed shares, at institutional prices. Advisers can build and manage their clients' investment portfolios on the platform.

Consilium managing director Scott Alman said Consilium worked with more than 50 advisory firms managing well in excess of $1.5 billion, including Polson Higgs, TailoredNZ, Quartz Wealth, and Bloomsbury.

"We are extremely proud to support these firms with our innovative approach, high quality customer service andndedication to championing professional financial advice, providing independent financial advisers with a global best practice solution.”

Investments are registered in the name of the custodian, FNZ Custodians Limited, but the investor remains the beneficial owner.

Consilium said holding assets in custody allowed the platform to increase efficiency, gain access to institutional level investments and keep fees low, because all interactions are centralised.

Investors can have multiple portfolios under one name. These portfolios are combined for tax reporting, but performance and valuation reporting can be run collectively or individually.

Advisers and investors can access Consilium Platform online at any time.  Advisers can also post regular reports within the investor's login.