AMP launches managed portfolio product
AMP today launched MyNorth Managed Portfolios, which is available across its MyNorth, North, Summit and iAccess super, improving the range of products available to meet different client objectives.
The product consisted of 12 separately managed portfolios across three investment categories of accumulation, income and objective-based. They would be managed by the AMP research team.
AMP’s head of platform development, John Keating, said that the managed portfolios would give clients a more seamless and efficient experience while also improving the diversity of investments choices available.
“The simplicity and ease through which the portfolios are accessed and administered will allow advisers to spend more time with clients,” he said.
“The new portfolios continue the investment AMP is making in our platforms and products to ensure advisers can confidently help clients achieve their goals.”
AMP also today launched a new advisor reporting tool, enhancing its model management functionality across the its super, pension and investment platforms and products.
The manager said that it would make models easier to configure, improve efficiency and allow holdings to be segregated and valued separately within a client’s account.
AMP said it planned to expand its managed portfolio range to include direct access to equity investments later this year.
AUTHOR
Hannah Wootton
Recommended for you
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
The alternative asset manager has expanded its Singapore office with a head of Asian distribution, representing a “critical step” for the Asian business, where it is seeking to launch new offerings.
Six Australasian sustainable funds closed in the last quarter, according to Morningstar, while 39 per cent of all strategies saw outflows during the period.
The bank and financial services firm has appointed its next CEO for Australia and New Zealand, while its previous chief for the region takes up a new position.
