ANZ’s Grow Wrap platform adds SMAs

— 1 minute read

ANZ Wealth has announced the addition of separately managed accounts to its Grow Wrap platform.

Thirteen new separately managed accounts (SMAs) will be added to professionally managed portfolios of direct equities and exchange traded funds.

ANZ Wealth head of wrap Dean Faglioni says the new SMAs have been introduced in response to investor demand for “greater flexibility to succeed in changing markets”.


For advisers, the SMAs will mean less time spent on administration and more time managing their clients’ overall investment strategies, Mr Faglioni said.

“The SMAs will offer investors the benefits of investing in traditional managed funds, including professional investment management, but with greater transparency and tax advantages.

“This can reduce the complexities associated with direct share investment selection, trading and administration.

ANZ launched Grow Wrap – a superannuation, pension and investment wrap platform –  in partnership with Macquarie Group in May 2016.

Read more:

Insurer report card would be ‘disastrous’

Institutional investors back tobacco control

Super funds grappling with advice ‘headaches’

Finsia shifts gears towards professionalism



ANZ’s Grow Wrap platform adds SMAs
investordaily image
ID logo

related articles

  • JP Morgan partners with Calastone

    JP Morgan Asset Management has signed on to a new service from global funds network Calastone, introducing automated settlements to its Morg...

  • Bendigo provisions $143m

    The bank has taken a grim outlook on the COVID-19 crisis and has provisioned for downside economic scenarios. ...

  • MLC unveils new advice business

    MLC has announced a new licensee network for self-employed advisers and advice businesses as it attempts to create a “more focused and sus...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.