Matthew Lumsden

Vanguard has announced its diversified portfolio strategies are now available through Macquarie’s Separately Managed Accounts on the Macquarie Wrap platform.

The availability of Vanguard’s diversified strategies through managed accounts extends the options for advisers and investors seeking access to Vanguard’s professional asset allocation, and are being targeted at the growing base of Australian advisers using managed accounts.

Vanguard’s ETFs will predominantly be used to implement the asset allocation for the strategies which include conservative, balanced, growth and high growth. Each has varying exposures to domestic equities, international equities and fixed income, to suit a range of goals, risk tolerances and time horizons.

Vanguard’s Head of Distribution, Matthew Lumsden said “We are delighted to launch our first suite of managed account strategies today, which we hope will appeal to the increasing number of advisers adopting managed accounts to assist in their service delivery to clients due to the business efficiencies they can offer.

“Depending on their preference and investment needs, advisers and investors now have greater choice in how they access Vanguard’s best thinking on asset allocation represented in our diversified portfolios, whether that’s through our low cost managed funds, ETFs or through managed accounts.

“Over time we aim to grow the range of Vanguard strategies offered through managed accounts, to further expand the choices available to our advisers and investors.”

Vanguard’s Diversified Managed Account Strategies provide transparent, low cost solutions for investors, with the benefit of Vanguard’s professional monitoring and rebalancing.

Each portfolio provides investors with an extensive and global exposure to some 6500 individual companies and more than 5000 fixed income securities.

Vanguard’s Investment Strategy Group, a global team of researchers, economists and analysts, sets the asset allocation for Vanguard’s diversified strategies as part of a robust framework used by Vanguard globally.

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Vanguard Australia Head of Distribution, Matthew Lumsden, said that the revised structure for the company’s distribution leadership team comprises divisional heads for Institutional, Intermediary, Client Service & Administration, and Sales Excellence & Planning.

“These changes are driven by our commitment to provide the best quality client experience across all segments of the Australian market,” Mr Lumsden said.

Existing Vanguard leaders have been appointed to three of the four roles, with a recruitment process underway to fill the Head of Sales Excellence & Planning position.

Matt Willis has been appointed Head of Institutional and leads the team responsible for the management of Institutional client relationships in Australia. Matt previously held the role of National Sales Manager, Adviser Sales at Vanguard Australia.

Rebecca Pope has been appointed Head of Intermediary and leads the team responsible for the distribution of Vanguard’s managed funds and exchange traded funds through intermediary channels. Rebecca’s career at Vanguard Australia includes leadership roles in Sales Excellence & Planning, as well as Intermediary & Retail Marketing.

Colleen Campbell has been appointed Head of Client Service & Administration and leads the client services teams serving the retail and institutional channels. Prior to this appointment Colleen was Vanguard Australia’s Senior Product Manager, Client Engagement.

“Each individual brings substantial and diverse expertise to the team. We believe this further strengthens our organisation and ultimately delivers better outcomes for our clients,” said Mr Lumsden.

These appointments come as Vanguard Australia surpasses $115 billion in assets under management and introduces its global active funds management expertise to Australia via a range of low-cost active equity products.

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