Macquarie jumps on SMA bandwagon

Macquarie has announced separately managed accounts (SMAs) have been added to the Macquarie Wrap platform, citing trends in
investor demand.

Macquarie Bank and Financial Services Group head of wealth product Justin Delaney said the interest in separately managed accounts is more apparent, as investors are “embracing the ability of SMAs” to take the complexity out of managing an investment portfolio.

“The decision to add SMAs to the Macquarie Wrap platform was driven largely by client demand for more tailored investment solutions and a wider selection of assets,” Mr Delaney said.

“SMAs combine professional investment management with the transparency, flexibility and tax-efficiency of direct ownership,” he said.

“We believe adding a discretionary portfolio like an SMA to Macquarie Wrap will provide significant opportunities for advice practices incorporating them into their businesses, as well as improved client experiences and investment outcomes for investors,” he said.

Mr Delaney also said that through Macquarie Wrap, advisers and their clients will have access to an extensive range of SMAs, managed by experienced investment managers.

“Investors can hold term deposits, managed funds, direct shares and SMAs on Macquarie Wrap, and receive a complete view of their total investments in one place, with one consolidated report,” Mr Delaney said.

“We have been providing managed accounts for over 15 years, giving us a depth of experience within the industry.

“With our strong focus and commitment to providing the highest quality financial services products to our clients, we look forward to delivering the benefits of SMAs to financial advisers and investors,” he said.