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.

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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.

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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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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.

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Cameron Garrett

Strong interest from the institutional and IFA market has seen Macquarie’s funds on platform grow 24 per cent to reach $72.2 billion in the year to 31 March, 2017.

The robust growth reflects the successful migration of ANZ Oasis wrap super and investment assets onto Macquarie’s platforms, and strong inflows from the IFA market.

Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management said the result was testament to the quality of adviser and client offerings on the Macquarie Wrap and Vision platforms.

“Our focus is on supporting advisers with flexible products to suit a wide range of client needs, greater investment choices and innovative functionality to make managing their client’s investments more efficient,” he said.

“We’re continually investing in and strengthening our proposition to ensure we remain at the forefront of the market, and this approach has led to Macquarie Wrap being recognised as one of the most highly regarded platforms in the industry.

“We’re pleased the strong growth of Macquarie’s funds on platform is also set to continue, with a further $7 billion in assets set to transition onto the platform in the coming weeks.”

In the past year, Macquarie’s platform investment menu has expanded to include an additional 63 managed funds and 29 Separately Managed Accounts (SMA) models for advisers and their clients to choose from. Macquarie Wrap now offers 75 SMA models from 18 investment managers.

“The strong growth we’ve seen delivers further scale to our platform offering, and we’re looking forward to continuing to expand our investment menu, functionality and digital experience for the more than 7,000 advisers we work with, and their clients,” Mr Garrett said.

The continued growth in platform volumes, lending and deposits, as well as a gain on sale of Macquarie Life’s risk insurance business, were factors which contributed to last week’s announcement that Macquarie’s Banking and Financial Services group, part of Macquarie Group Limited, delivered an increased profit for the year to 31 March 2017.

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Cameron Garrett

Macquarie has been recognised at the annual Roy Morgan Customer Satisfaction Awards, winning the Retail Superannuation Fund of the Year Award.

The Roy Morgan Customer Satisfaction Awards are determined based on the results of monthly and annual customer satisfaction ratings across Australia.

Cameron Garrett, Head of Wealth Product and Technology for Macquarie Wealth Management, said the team is delighted to be recognised by members for this award, which is testament to Macquarie’s ongoing focus on delivering an exceptional member experience.

“We’re committed to providing leading products and services to members and their advisers to meet their needs, and support them in managing and growing their wealth for the future,” Mr Garrett said.

“A key focus for Macquarie has been our investment in digital tools and an innovative online experience for members and their advisers. This award is a reflection of this investment and our approach in supporting our members with more personalised benefits, improved efficiencies and exceptional service.”

Mr Garrett said Macquarie is committed to continuing to enhance the Macquarie Wrap platform which houses the Macquarie retail superannuation fund, to provide members with access to a wider range of investment solutions and choices.

“In addition to accessing the Macquarie retail superannuation fund through the Macquarie Wrap platform, investors can also hold term deposits, managed funds, domestic ASX listed securities and SMAs and view their combined wealth and personal banking needs in one online experience,” Mr Garrett concluded.

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Cameron Garrett

Macquarie Wrap has expanded its investment offering, adding a further 54 managed funds and 20 separately managed accounts[1] (SMAs) to the platform in the past year.

This brings the total number of managed funds available on Macquarie Wrap to in excess of 700, with a further 58 SMA options for advisers and their clients to choose from.

The growth in investment options across both managed funds and SMAs reaffirms Macquarie Wrap’s commitment to providing advisers with flexible products that suit a wide range of client needs, greater investment choice and new functionality to manage client’s investments more efficiently.

Cameron Garrett, Head of Wealth Product for Macquarie Wealth Management, said Macquarie’s approach has always been to openly work with advisers, and to prioritise and launch new investment offerings that support their client and business needs in a changing landscape.

“The addition of a further 54 managed funds and 20 SMA offerings, across a wide spread of asset classes, is in direct response to the ongoing dialogue we have with advisers,” Mr Garrett said.

“Adviser feedback is central to the way we work and drives our business decisions. We are continually looking at ways to enhance our Macquarie Wrap offering to support advisers build their businesses and deliver for their clients, and prioritising the addition of new managers to the platform is just one example of this.”

Mr Garrett said Macquarie Wrap has seen continued strong interest in SMAs since launching two years ago, and its suite of external managers is now bigger than ever, ensuring we remain one of the most highly regarded platforms in the industry.

“SMAs help to streamline the management of an investment portfolio and provide investors with a wide selection of assets, giving clients greater investment choice and functionality to suit their investment strategy and goals,” Mr Garrett concluded.

[1] 1 September 2015 – 31 September 2016

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Cameron Garrett

Macquarie yesterday announced its separately managed accounts (SMA) on Macquarie Wrap investment offering has reached $300 million in funds under administration.

This comes two months after Macquarie surpassed the $200 million SMA funds under administration milestone in December, demonstrating the strength of Macquarie Wrap and interest from investors.

Cameron Garrett, Head of Wealth Product for Macquarie’s Wealth Management division, said Macquarie is committed to delivering the best possible platform solutions to clients and advisers.

“Since launching SMAs on the market leading platform[1] in September 2014 we’ve seen strong interest from investors due to their ability to access a wide selection of assets, while taking the complexity out of managing an investment portfolio,” Mr Garrett said.

“We are continually investing in and strengthening our proposition to ensure we remain at the forefront of the market, including with SMAs, and this approach has led to Macquarie Wrap being recognised as one of the most highly regarded platforms in the industry.”

Macquarie is also pleased to announce both BlackRock and Elston SMA models are now available on its Wrap platform, taking the total number of Macquarie Wrap SMA investment managers to 14, with 48 model portfolios available. The five BlackRock portfolios are constructed using iShares ETFs, while Elston has two multi-asset class SMA models across both super and non-super variants. “With the addition of BlackRock and Elston SMAs to Macquarie Wrap, our suite of external managers is now bigger than ever, giving clients even greater choice when selecting models to invest in that best suits their strategy and goals,” Mr Garrett concluded.

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[1] Macquarie Wrap Manager and Macquarie Wrap Consolidator were ranked 1st and 2nd respectively as the best platform offerings in the Wealth Insight Platform Service Level Report 2015

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Cameron Garrett

Macquarie Online Trading is now offering the mFund Settlement Service, bringing the total number of mFund distribution partners to 13.

Ian Irvine, Head of Customer and Business Development at ASX, said the inclusion of Macquarie Online Trading will extend access to mFunds to a wider group of investors and financial advisers. “We’re very pleased to be working with Macquarie Online Trading to be able to bring the mFund settlement service to investors and financial advisers.

mFund is an ASX service that allows clients to buy and sell units in unlisted managed funds directly with fund managers, and broadens the suite of investment products already available through the ASX which includes equities, LICs and ETFs,” he said.

Cameron Garrett, Head of Wealth Product for Macquarie’s Wealth Management division said: “Investors and financial advisers will now have the ability to transact in mFunds through Macquarie Online Trading. The addition of ASX mFunds to Macquarie Online Trading provides our clients with access to new markets and strategies, complementing the suite of investments already available on our platform.”

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Cameron Garrett

Macquarie yesterday announced its separately managed accounts (SMA) on Macquarie Wrap investment offering has passed $100 million in Funds under Administration in its first year on the market-leading platform.

The SMA functionality was added to Macquarie Wrap in September 2014, to provide financial advisers with access to an extensive range of SMAs while being able to view and manage their clients’ assets on one streamlined and consolidated platform.

The SMA investment menu also recently expanded to include 11 managers and 33 models, including new models from Evans and Partners, Ibbotson, Lonsec and JBWere to provide investors with more tailored investment solutions and a wider selection of assets.

Cameron Garrett, Head of Wealth Product for Macquarie’s Wealth Management division, said Macquarie is committed to continually investing in and enhancing Macquarie Wrap to provide access to new investment solutions while delivering efficiencies to advisers and investors.

“There is strong interest in managed accounts as investors increasingly embrace the ability of SMAs to access a wide selection of assets, while taking the complexity out of managing an investment portfolio,” Mr Garrett said.

“Since launching SMAs on Macquarie Wrap, we’ve added a broader range of investment managers and models covering multiple asset classes, strategies and styles to allow advisers to construct a unique portfolio to cater for their client’s different needs.”

Through the Macquarie Wrap platform, investors can hold term deposits, managed funds, domestic ASX listed securities, international listed securities, domestic fixed income and SMAs, while receiving a complete view of their investments in one place through consolidated reporting tools.

“The expansion of SMAs on Macquarie Wrap also provides significant opportunities for advice practices to offer clients access to additional professional managers, as well as improved investment outcomes,” Mr Garrett said.

“With our strong focus on providing the highest quality financial services products to our clients, we look forward to continuing to deliver the benefits of SMAs to financial advisers and investors on Macquarie Wrap.”

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