Macquarie forms new specialist investments business
Macquarie has consolidated its Funds and Banking & Financial Services groups to form Macquarie Specialist Investments.
Macquarie stated that the move is to provide advisers with a “consistent point of contact” while also offering a broad range of investment choices, which include structured and agricultural investments, 100 per cent lending options and capital-protected products.
Macquarie Specialist Investments executive director Peter van der Westhuyzen said the new business was formed in response to a re-emerging demand for these types of investments, with the aim being to make it easier for advisers to source investment solutions to meet client needs.
Van der Westhuyzen is one of the leading members of the team, along with Irene Deutsch and Geoff Kellett.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.