New changes to Macquarie’s portfolio loan
In a move Macquarie Bank is calling an Australian first, its portfolio loan customers can now draw unlimited funds from their loan facility online.
The flexible loan, Macquarie One, allows investors to unlock the equity in their property portfolio for a wide range of investment purposes, including all property types, direct equities and managed funds.
With the new enhancement, clients are now able to transfer $1 million online for example, into their real estate agent’s trust account if needed.
Clients can also access their money online anytime and make as many transactions as they want for a monthly flat fee.
Macquarie business banking division director Dean Firth said the bank was responding to an increasingly investment savvy public by handing over ownership.
“We developed Macquarie One to enable our clients to unlock the equity in their diversified property portfolios and quickly, and easily, pursue investment opportunities in whatever asset class they may want,” he said.
Recommended for you
High-net-worth advisers seeking to grow their businesses are likely to find alternatives to be a key part of the puzzle amid investor demand, according to Praemium’s head of private wealth.
The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.
A closer watch on licensees that fall short on cyber security protections is among a dozen new enforcement priorities announced by the corporate regulator for 2025.
Research house Morningstar has welcomed a new director for manager research to cover Australian and New Zealand fund managers.