New investment product Macquarie Step has been placed on Macquarie's wrap platforms platform five months after its launch, the group has announced.
Macquarie Step, a structured investment product launched through Macquarie Specialist Investments, targets clients who are looking to transition from cash into an investment, providing exposure to asset classes such as domestic and global equities.
The placing of Macquarie Step on the wrap followed solid demand from its financial adviser base, according to division director at Macquarie Specialist Investments Xanthe Virtue.
"We often have many advisers – who have used a lot of structured products in the past – asking us to place it on the wrap," Virtue said.
Macquarie Step's placing on the wrap platform will also allow for online application through the platform's website, easier administration and updates, Virtue added.
