ANZ’s Grow Wrap platform adds SMAs

ANZ’s Grow Wrap platform adds SMAs

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
promoted stories

Appointments

investordaily image

Fortnum hires former Centric Wealth CEO

Staff Reporter

Deborah Ralston

SMSF Association names new chair

Katarina Taurian

Curtis Cifuentes

Avenir Capital hires investment director

Staff Reporter

Analysis

Maurizio Canton

Striking a balance between security and innovation

Maurizio Canton

Greg Kuhnert

Backing China in the Year of the Dog

Greg Kuhert

investordaily image

The benefits of good data governance

Steve Singer