Cameron Garrett
Macquarie has announced its separately managed accounts (SMAs) on the Macquarie Wrap platform has exceeded $1.5 billion in funds under administration.
Macquarie is one of the largest wrap platform providers in Australia and over the last 12 months has added a further 45 SMA models to the wide SMA offering, along with 51 managed funds to its Wrap platform.
Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management, said the growth in funds under administration is a testament to the extensive range of investment options available on Macquarie Wrap as well as the innovative technology, scale and security that the platform delivers.
“We’ve seen strong growth in recent years and this is largely due to the continued investment we have made in our platform. We’ve combined technology and innovation to free up the time of advisers so that they can focus on having holistic conversations with their clients.
“Through our SMA offering we’re enabling advisers to build portfolios that are both flexible and transparent. Our focus continues to be on bringing greater variety, providing deeper understanding and delivering improved client outcomes.”
On the Macquarie Wrap platform clients have access to a range of SMA models from a variety of leading investment managers, including managers added over the last 12 months such as Vanguard, Zenith and Quilla.
Mr Garrett said, “We’re pleased to build on our long standing relationship with Vanguard which is one of the largest investment managers on the platform. In launching Vanguard SMAs on Macquarie Wrap, we have become the first platform provider in the Australian market to offer this investment option to advisers and their clients.
“This launch demonstrates our commitment to giving advisers access to an extensive range of leading investment managers.”
The total number of Macquarie Wrap SMA investment managers now stands at 33 across 119 SMA models, complementing a suite of over 850 managed funds available on the wrap platform.
