Macquarie adds Step to its wrap

macquarie-bank/macquarie/global-equities/asset-classes/advisers/financial-adviser/

10 May 2012
| By Staff |
image
image
expand image

New investment product Macquarie Step has been placed on Macquarie's wrap platforms platform five months after its launch, the group has announced.

Macquarie Step, a structured investment product launched through Macquarie Specialist Investments, targets clients who are looking to transition from cash into an investment, providing exposure to asset classes such as domestic and global equities.

The placing of Macquarie Step on the wrap followed solid demand from its financial adviser base, according to division director at Macquarie Specialist Investments Xanthe Virtue.

"We often have many advisers - who have used a lot of structured products in the past - asking us to place it on the wrap," Virtue said.

Macquarie Step's placing on the wrap platform will also allow for online application through the platform's website, easier administration and updates, Virtue added.

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 ago

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

2 months ago

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

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS