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Macquarie Wrap beefs up funds

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By Rachael Micallef
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2 minute read

Macquarie Wrap has added 23 new funds since the start of this financial year in response to client demand for greater choice of managed funds, according to the head of platforms.

The recent additions take the number of Macquarie Wrap's managed funds to more than 650.

 "It is increasingly important for advisers to know they are gaining value from the platforms they choose," Macquarie Adviser's head of platforms Justin Delaney said.

"For us, value is all about ensuring we are delivering both choice and functionality, to make it easier for advisers to manage their clients' portfolios, which is what has driven this latest series of enhancements."

As part of the changes, non-daily priced funds have been included in model portfolio rebalance transactions, allowing advisers to transact on all managed funds held within models on one page.

Term deposits can also be included as part of a model portfolio.

In addition, more flexible asset allocation options will give advisers the option to override the default asset allocation for managed funds and term deposits.

"Advisers want a managed funds menu which suits their diverse client base. By adding more funds onto Macquarie Wrap, we are offering more choice, which not only helps us meet the needs of advisers, but helps advisers meet the needs of their clients," Mr Delaney said.

"The end client is playing a more prominent role in the platform industry and by introducing more choice and delivering more transparent reporting and efficient transacting options we are helping to improve functionality for both advisers and the end client."