Macquarie today 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 (see note 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.
Note 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
