North grows adviser offering

North has announced the launch of a new range of portfolio additions as part of its ongoing expansion that is set to continue next month, taking the platform to around 150 new investments over the course of 2021.

The range boasts 23 new portfolios and 10 investment managers, including single-sector equity portfolios across large-cap, mid and small-cap, income, ESG, infrastructure and property and diversified portfolios, with exchange-traded funds and managed funds.

Commenting on North’s ongoing expansion, AMP director of platforms Edwina Maloney said North’s strategy and commitment are to provide advisers and clients with more choice.

“The portfolios will be competitively priced and delivered with a range of resources and functionality enhancements to the platform to make it easy and cost effective for advisers to trade. This includes floating investment profiles and in-specie transferal of underlying client assets,” said Ms Maloney.

“The portfolios reflect the wide-ranging enhancements we’re making to North to help advisers deliver quality advice and improve business efficiency.

“Advisers and clients can shortly expect further wholesale additions to the investment menu.”

According to North’s recent research, advisers are increasingly turning to managed portfolios boosting the funds under management across the managed portfolio industry from $80 billion at the end of 2019 to $110 billion on 31 December 2020.

North’s portfolio additions will be available to advisers and their clients from 29 November 2021.