Cameron Garrett
Macquarie has announced its separately managed accounts (SMAs) on the Macquarie Wrap platform have surpassed $2 billion in funds under administration.
Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management, said the rapid increase in SMA funds under administration, which has doubled over the past year, demonstrated the strength of the Macquarie Wrap platform and the continued growth in popularity of SMAs.
“We’re continuing to invest in our wrap platform and are ensuring that we have a diverse range of investment options and products for advisers and their clients. This, combined with Macquarie Wrap’s innovative technology, scale and security, means that we are at the forefront of the platform market,” Mr Garrett said.
“The structure of SMAs means that advisers and clients have greater transparency and control when managing their portfolios. SMAs also provide significant efficiency and functionality gains for advisers, enabling them to have more high value conversations with their clients.”
Mr Garrett added, “We’re seeing that a larger proportion of flows into the Macquarie Wrap platform are being directed into SMAs as advisers increasingly appreciate the value these products provide to clients.”
Macquarie is one of the largest wrap platform providers in Australia with over 35 SMA investment managers across more than 150 SMA models. This complements a suite of more than 850 managed funds.
