System enhancements and strong adviser support have been the reasons given for Macquarie Wrap bringing in a record $1.5 billion in net inflows during the last quarter.
New accounts, inflows and call volumes all increased by 20 per cent from the same period last year, boosting the total funds under administration to about $20 billion.
Macquarie Wrap’s system enhancements involved a new account opening process resulting in a reduction in turnaround times for advisers.
Further improvements to the wrap’s website will be rolled out in the coming months.
