Macquarie adds wealth accounts to award-winning digital banking app

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Cameron Garrett

Cameron Garrett

Macquarie has announced the addition of wealth accounts to its award-winning digital banking app. This enables clients to see all of their wealth holdings, including their share portfolio, investments, super and pension accounts in one place alongside their everyday banking accounts, credit cards and mortgage.

Macquarie Wrap clients can now monitor the daily movements of their Australian equity holdings, upcoming corporate actions and their portfolio’s asset allocation, as well as tracking balance history, through the app.

Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management, said the addition of wealth accounts to Macquarie’s digital banking app makes managing investments simpler and more intuitive for clients.

“Clients now have access to a more intuitive representation of their portfolio, including balance history, portfolio valuation and asset allocation. Also, through integration with Macquarie’s Cash Management Account, clients can now make cash transfers and setup scheduled payments all in one place,” Mr Garrett said.

“Macquarie’s mobile banking app provides customers with the tools to efficiently manage their money, empowering them to achieve their financial goals.”

Mr Garrett said this is the latest step in Macquarie delivering innovative digital banking and wealth solutions, supporting the growing number of Australians choosing to bank using their mobile phone.

“Over recent years we’ve seen strong growth on our Wrap platform and this scale has led us to invest in a digital solution for advisers and their clients.

“We’re focusing our investment on increasing flexibility and personalisation for clients and delivering real time functionality for wealth accounts that matches Macquarie’s award-winning digital banking solutions,” Mr Garrett concluded.

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