Macquarie wins back-to-back adviser awards
Macquarie has won back to back flags in the 13th annual Assirt Research Service Level Awards, taking out both prizes for best platform provider and fund manager for the second year running.
Macquarie beat a field of 17 platform providers and 26 fund managers for the awards.
The awards, which were announced this week, were based on a survey of 765 financial planners chosen at random, who were asked to comment on the service they receive from the different groups.
Second place in the fund manager category went to Perpetual, with Colonial First State, Goldman Sachs JBWere and AXA (Alliance Capital) rounding off the top five.
Runner-up in the master trust/wrap provider category was Asgard, followed by Count's wealth-e-account and the Asgard eWrap, which were equal third, ahead of Colonial's FirstChoice.
Macquarie head of adviser services and executive director Neil Roderick says the award for service coincides with ongoing growth within the group's wrap business, which has increased by 37 per cent over the past financial year.
Macquarie adviser services head of product and marketing Matthew Rady says the group had been rewarded for listening to advisers.
"We've always been very focused on adviser needs, which means getting out there and asking advisers what they want," he says.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.

