North launches three portfolios
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.”
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