North launches three portfolios

amp/platform/amp-north/

14 June 2022
| By Liam Cormican |
image
image image
expand image

North is set to launch three new equity-based portfolios over the coming weeks, as the firm's managed portfolio provider surpasses $5 billion in assets under management.

These include the Research Australian Equity Portfolio and the Research Australian Equity Income Portfolio managed by North’s research team, and the Elston Australian Large Companies Portfolio managed by Elston Asset Management.

The expansion of North’s managed portfolio range comes as research from Investment Trends shows that 53% of advisers in Australia were using managed portfolios with their clients. This was an increase from 44% in 2021 and 40% in 2020.

The research also shows that advisers who use managed portfolios were now utilising the solution for 60% of their clients, up from 44% in 2021 and 33% in 2019.

AMP director of platforms, Edwina Maloney, said: “The evidence is clear that managed portfolios are now the preferred way for most advisers to support the investment needs of their clients, and we expect this growth to continue.

“Our priority as a platform is to ensure North’s managed portfolio range provides expanding choice across investment styles and asset classes, and that we continue to partner with the industry’s leading investment managers.

“As we strengthen our managed portfolio offer we’ll also continue to build North’s wider investment choice, as evidenced by these further additions to the menu. In total, we’ve added more than 63 investments since the start of 2022.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3