North’s managed portfolio AUM passes $5 billion as adviser demand surges

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North, one of Australia’s leading investment platforms, has seen assets under management (AUM) for its managed portfolio pass $5 billion, representing a more than 140 per cent increase in the past year.

New portfolios

The milestone comes as North is set to launch three new equity-based portfolios: the Research Australian Equity Portfolio and the Research Australian Equity Income Portfolio managed by North’s research team, and the Elston Australian Large Companies Portfolio managed by Elston Asset Management.

The new portfolios, available in the coming weeks, will take the total number of managed portfolios on the platform to 67. The range includes direct equities portfolios, offered by a range of dedicated managed portfolios specialists, including boutique managers Quest, DNR and Blackmore Capital.

North also launched the first values-based sustainable managed portfolios in Australia – the MyNorth Sustainable Managed Portfolios, together with the MyNorth IndexPlus range. The platform also partners with a growing number of advice practices and leading investment managers to develop managed portfolios tailored specifically for their clients.

Increasing adviser uptake

The expansion of North’s managed portfolio range comes as research from Investment Trends shows that 53 per cent of advisers in Australia are using managed portfolios with their clients. This is an increase from 44 per cent in 2021 and 40 per cent in 2020.

The research also shows that advisers who use managed portfolios are now utilising the solution for 60 per cent of their clients, up from 44 per cent in 2021 and 33 per cent in 2019.

Further investment menu additions

In addition to the new managed portfolios, North has added a further seven investments to its menu over the course of May. This includes a mix of emerging market, infrastructure and equity funds and ETFs.

AMP Director of Platforms Edwina Maloney, said: “The evidence is clear that managed portfolios are now the preferred way for most advisers to support the investment needs of their clients, and we expect this growth to continue.

“Our priority as a platform is to ensure North’s managed portfolio range provides expanding choice across investment styles and asset classes, and that we continue to partner with the industry’s leading investment managers.

“As we strengthen our managed portfolio offer we’ll also continue to build North’s wider investment choice, as evidenced by these further additions to the menu. In total, we’ve added more than 63 investments since the start of 2022.

“We’re also keeping fees extremely competitive and enhancing North’s tech capability, including the recent launch of our client app.”

North investment menu additions

Funds:

  • Celeste Australian Small Companies Fund
  • Pendal Global Emerging Markets Opportunities Fund
  • Perpetual Wholesale Geared Australian Fund
  • UBS CBRE Global Infrastructure Securities Fund
  • VanEck Vectors MSCI International Value

ETFs:

  • BetaShares Australian Resources Sector ETF
  • VanEck Australian Resources ETF

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