AMP improves SMA service
AMP has introduced improved online functionality for its separately managed account (SMA) service, after signing a deal with the New Zealand-based technology provider FNZ.
The new features, which came into effect this week, include a real-time reporting service, online share trading capability and centralised cash management.
AMP director of product manufacturing Paul Sainsbury said the new technology arrangement would make it easier for planners and customers to customise and manage their investment portfolio online.
“The new online service allows customers to implement most types of changes and transactions online, including trading shares straight to market,” Sainsbury said.
The service, launched in February 2009, is targeted at higher-net-worth investors and self-managed super fund customers looking for exposure to direct shares and managed funds with the support of professional investment management and administration.
AUTHOR
Ashleigh McIntyre
Recommended for you
ASIC has shared the percentage of breach reports related to financial advice in FY24, noting increased reporting by smaller AFSLs.
With less than 5 per cent of Dixon Advisory complaints closed, AFCA has detailed how it is dealing with systemic issues, known as batch matters, through a consistent yet case-by-case approach.
For financial advisers and business owners seeking to run a top advice firm, Adviser Ratings has shared the characteristics of these leaders from top firms focusing on “scale, specialisation and sophistication”.
As Stephen Jones cites the new class of qualified advisers as a way to reduce legislative complexity in advice, the FAAA’s Sarah Abood says its members still have qualms with the idea and its naming.
