Cameron Garrett
Macquarie has announced its separately managed accounts (SMAs) on the Macquarie Wrap investment platform surpassed $1 billion in funds under administration.
This milestone comes only three years after SMAs were added to Macquarie’s platform, demonstrating the strong interest from advisers and their clients who value the flexibility and efficiency managed accounts offer.
Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management, said the strong demand for SMAs was reflective of the strength of Macquarie’s platform and range of solutions.
“Macquarie’s platform brings together market leading technology and innovation, with scale and security to support advisers and clients in reaching their goals,” Mr Garrett said.
“Our focus is on providing investment options and products that make a real difference to advisers and their clients, and we’re continuing to invest in our platform to ensure we remain at the forefront of the market.
“SMAs offer significant benefits with a streamlined and consolidated approach to portfolio management, allowing clients to receive all the benefits of investing in traditional managed investments, with greater transparency and the tax benefits associated with direct share ownership
“For advisers, managed accounts offer greater efficiencies that enable them to focus on having more holistic conversations in order to deliver outcomes for clients.”
Macquarie’s platform offers an extensive range of investment options for advisers and their clients to choose from with 30 managers, 98 SMAs and 813 Managed Funds.