AMP ups ante on managed accounts

financial-planning/MyNorth/amp/managed-accounts/AMP-Limited/Zenith-Investment-partners/toby-potter/IMAP/

3 July 2019
| By Mike |
image
image
expand image

AMP Limited has revealed a part of new commercial strategy, announcing a larger presence in the managed accounts space utilising its MyNorth platform.

The company announced it had moved to strengthen its MyNorth Managed Portfolio proposition by adding investment managers Zenith Investment Partners and Quilla Consulting to the managed portfolio range, launching a new Partnered Managed Portfolio offer and releasing a new industry whitepaper with the Institute of Managed Accounts Professionals.

AMP’s managing director of wealth products and platforms, Rod Finch said it represented a strengthening of the MyNorth Managed Portfolio proposition.

“Zenith Investment Partners and Quilla Consulting offer high-quality, in-demand portfolios that represent great value for clients, while our partnership with leading advice business, the Weinberg Private Group, has launched our Partnered Managed Portfolios offer,” he said.

“Shifting adviser business models and increased demand for managed portfolios are providing great opportunities for more advice practices to develop investment portfolios specific to the needs of their clients.

“Our new whitepaper – A Guide to Managed Portfolios – which we’ve produced in partnership with Toby Potter and the IMAP team, will also be a valuable resource for any adviser looking to take advantage of the many benefits of managed portfolios,” Finch said.

AMP pointed out that today’s announcement followed on from fee reductions announced earlier in the year, which is said were are benefiting more than 87,000 new and existing MyNorth clients and families.

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?...

2 months 3 weeks ago

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

2 months 3 weeks ago

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

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 4 days ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 2 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND