New Year, new funds
Macquarie Wrap has added 12 new funds to its range of investment menus, bringing the total number of funds available to financial advisers across its various platforms to 640.
The new funds include the recently launched AMP Capital Core Infrastructure Fund and the Integrity Australian Share Fund, which is managed by former UBS Global Asset Management managing director Paul Fiani’s boutique funds management company.
Other new funds include the Goldman Sachs JBWere Core Plus Australian Fixed Income Fund and the ING Select Leaders Trust.
A number of Russell funds have also been added following requests from Macquarie Wrap users.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.