Macquarie lessens the load of personal investors
Macquarie Private Wealth has launched a new offering allowing personal investors to delegate day-to-day investment decisions and administration to their professional investment manager.
The new Managed Portfolio Service will reduce the time investors need to spend on their portfolio and is part of a recent restructure to the group’s wealth management business.
Macquarie Private Wealth head of strategy Carolyn Tregarthen said the new initiative was instigated following client demand and was a version of a separately managed account.
“We view this [offering] as having some very intelligent investments strategies allowing investors to keep everything under the one account,” she said.
A minimum investment of $100,000 is required for investors wishing to take advantage of the service.
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