AMP diversifies North’s managed accounts offering | Australian Markets

New fixed income managed accounts portfolios have been added to the North platform suite, offering advisers and purchasers a higher vary of versatile choices to generate secure returns.

BondAdviser, MST Income and Elston Income’s managed accounts choices are the latest additions to North’s investment menu for the June quarter, which come because the platform data a 900 per cent increase in managed accounts funds below management (FUM) within the final 4 years.

The new portfolios are focused in direction of each retirees and income-seeking traders, offering publicity throughout hybrid securities, fixed income and data-driven methods.

“Our mission is to be the home for retirement income solutions in Australia and that means ensuring advisers are well supported with efficient, market-leading tech and solutions to help their clients prepare for and thrive in retirement,” Edwina Maloney, AMP Group Executive, Platforms stated.

“We’re delivering that in a number of methods: one is thru innovation and the unbelievable retirement options we’ve on offer – reminiscent of MyNorth Lifetime Super.

“We’re additionally persevering with to develop our investment menu to fulfill the altering wants of practices at present, working with the industry’s main investment managers to offer advisers and their purchasers with entry to high high quality merchandise each in and close to retirement.

“The magnificence about our platform and resolution is North’s open structure. By giving advisers entry to a broad and various vary of investment choices, we’re empowering them to tailor methods that actually swimsuit their purchasers’ particular person wants and targets.

“This flexibility not only supports better client outcomes, but also gives advisers the freedom and confidence to adapt as markets and client circumstances change. North’s open architecture is all about putting choice, transparency and control in the hands of advisers, so they can deliver the best possible advice every time.”

AMP confirmed that the quantity of managed portfolios now accessible on North, with the three new additions, has jumped to 165 – with illustration from 27 completely different managers.

“We’re passionate about empowering and enabling advisers with access to choice and flexibility through North, thanks to our long-standing partnerships with world class investment managers,” David Hutchison, AMP’s General Manager of Managed Portfolios and Investments, stated.

“That’s why we’re excited to be teaming up again with MST Financial for his or her Fixed Income sequence, offering our advisers with optionality and confidence relating to retirement income options for his or her purchasers. The addition of the MST Income, Elston Income and BondAdviser sequence highlights our dedication to growing the breadth of our offer.

“We have the fastest growing offer in the market and we’ll continue to focus on expanding the breadth of our menu, helping ensure North is the easiest platform for advisers to do business with.”