Macquarie and van Eyk strike Blueprint deal
Macquarie Wrap Solutionshas struck a deal withvan Eyk Researchto utilise the latter’s Blueprint series of funds across its two platforms - the high net worth Macquarie Investment Manager and soon to be launched baby wrap, Macquarie Accumulator.
“The role of van Eyk is to provide a diversified range of investment options and managers in a packaged solution to advisers that are looking to outsource that investment function to an independent researcher or provider,” says Macquarie Adviser Services division associate director Matthew Rady.
The deal agreed earlier this week is immediately effective for the high net worth wrap, which has a minimum investment of $50,000 and will apply to the baby wrap when it is launched in August.
The Macquarie Accumulator range is a simplified superannuation and ordinary investment platform solution with low entry account balances, access to over 100 investment choices and a simple fee structure.
"Macquarie is excited by the opportunity to offer advisers a simplified investment model where fund manager selection and weightings can be outsourced to a specialist researcher in a straight forward investment package,” says Macquarie Adviser Services division executive director Neil Roderick.
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.