AMP has expanded its MyNorth Managed Portfolio proposition with two new additions and a whitepaper for advisers.
Zenith Investment Partners and Quilla Consulting have been added to the My North Managed Portfolio range alongside a new Partnered Managed Portfolio for advice practices.
AMP has also launched a whitepaper, A Guide to Managed Portfolio, developed with the IMAP team to help advisers who are looking to take advantage of managed portfolios.
AMP’s managing director of wealth products and platforms, Rod Finch, said the group was delighted to announce these new resources and offers as they continue to strengthen the MyNorth proposition.
“Zenith Investment Partners and Quilla Consulting offer high-quality, in-demand portfolios that represent great value for clients, while our partnership with leading advice business, the Weinberg Private Group, has launched our partnered managed portfolios offer.
“Shifting adviser business models and increased demand for managed portfolios are providing great opportunities for more advice practices to develop investment portfolios specific to the needs of their clients,” he said.
These initiatives by AMP follow the feed reductions announced earlier this year, which have benefited over 87,000 new and existing clients.
The whitepaper produced by IMAP and AMP highlights the key reasons for the growth of managed accounts – transparency, investment quality and flexibility.
The managed account market has now surpassed $62 billion in assets under management since its adoption began in 2010, with growth expected to continue.
Chair of IMAP Toby Potter said IMAP was happy to work with AMP to produce a whitepaper to show advisers the value of managed portfolios.
“Managed portfolios are one of fastest-growing investment vehicles in Australia because of the benefits they offer investors, so it’s great for IMAP to partner with AMP to produce this whitepaper.”
Eliot Hastie is a journalist at Momentum Media, writing primarily for its wealth and financial services platforms.
Eliot joined the team in 2018 having previously written on Real Estate Business with Momentum Media as well.
Eliot graduated from the University of Westminster, UK with a Bachelor of Arts (Journalism).
You can email him on: [email protected]