Cameron Garrett
Macquarie yesterday announced its separately managed accounts (SMA) on Macquarie Wrap investment offering has passed $100 million in Funds under Administration in its first year on the market-leading platform.
The SMA functionality was added to Macquarie Wrap in September 2014, to provide financial advisers with access to an extensive range of SMAs while being able to view and manage their clients’ assets on one streamlined and consolidated platform.
The SMA investment menu also recently expanded to include 11 managers and 33 models, including new models from Evans and Partners, Ibbotson, Lonsec and JBWere to provide investors with more tailored investment solutions and a wider selection of assets.
Cameron Garrett, Head of Wealth Product for Macquarie’s Wealth Management division, said Macquarie is committed to continually investing in and enhancing Macquarie Wrap to provide access to new investment solutions while delivering efficiencies to advisers and investors.
“There is strong interest in managed accounts as investors increasingly embrace the ability of SMAs to access a wide selection of assets, while taking the complexity out of managing an investment portfolio,” Mr Garrett said.
“Since launching SMAs on Macquarie Wrap, we’ve added a broader range of investment managers and models covering multiple asset classes, strategies and styles to allow advisers to construct a unique portfolio to cater for their client’s different needs.”
Through the Macquarie Wrap platform, investors can hold term deposits, managed funds, domestic ASX listed securities, international listed securities, domestic fixed income and SMAs, while receiving a complete view of their investments in one place through consolidated reporting tools.
“The expansion of SMAs on Macquarie Wrap also provides significant opportunities for advice practices to offer clients access to additional professional managers, as well as improved investment outcomes,” Mr Garrett said.
“With our strong focus on providing the highest quality financial services products to our clients, we look forward to continuing to deliver the benefits of SMAs to financial advisers and investors on Macquarie Wrap.”
