Macquarie SMA hits $300m mark
Macquarie's separately managed accounts (SMAs) on Macquarie Wrap have hit $300 million in funds under administration, the firm announced.
It comes two months after Macquarie topped the $200 million SMA funds under administration mark.
Head of wealth product for Macquarie's wealth management division, Cameron Garrett, said: "Since launching SMAs on the market leading platform in September 2014 we've seen strong interest from investors due to their ability to access a wide selection of assets, while taking the complexity out of managing an investment portfolio".
Macquarie also announced that both BlackRock and Elston SMA models were now available on its Wrap platform, taking the total number of investment managers to 14, with 48 model portfolios available.
The five BlackRock portfolios are built using iShares exchange traded funds, while Elston has two multi-asset class SMA models across both super and non-super.
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