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
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
