The volume of funds under administration within Macquarie Wrap’s separately managed account offerings has exceeded $1.5 billion, according to Macquarie.
In a statement, the company said it has seen continuing growth in funds under administration (FUA) in the last few years, with Macquarie Wealth head of wealth product and technology Cameron Garrett adding that this is in part due to the platform’s technology offering.
“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,” he said.
“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.”
In a separate statement released on Wednesday morning, Vanguard announced its diversified portfolio strategies have been made available through the Macquarie Wrap SMA service.
“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,” said Vanguard head of distribution Matthew Lumsden.
“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.”
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