The private wealth advisory arm of National Australia Bank has struck an alliance to expand its private client offering.

Australian wealth manager JBWere has teamed up with investment bank Moelis Australia in a move to boost its clients' exposure to equity deals and initial public offerings.

The alliance will also give JBWere clients access to Moelis’ investment research, which covers over 60 Australian companies with a focus on small and mid-cap companies and the real estate sector.

“We are committed to providing a market leading and differentiated service to our private wealth clients,” said JBWere's chief executive, Justin Greiner.

“This alliance with Moelis Australia is another important step forward for our business, extending what is already a comprehensive offering to our clients.”

The alliance is the second such one this year for JBWere. Earlier, it entered into a non-exclusive arrangement with UBS's investment bank. 

JBWere, which operates from nine offices in Australia and New Zealand, has over A$45 billion ($35 billion) in assets under advice.