Macquarie adds SMAs to Wrap
Macquarie has added separately managed accounts (SMAs) as an investment option on its Macquarie Wrap Platform.
The company announced the move today, with its Head of Wealth Product, Justin Delaney saying the move reflected the growing interest in SMAs over recent.
"The decision to add SMAs to the Macquarie Wrap platform was driven largely by client demand for more tailored investment solutions and a wider selection of assets," he said.
"We believe adding a discretionary portfolio like an SMA to Macquarie Wrap will provide significant opportunities for advice practices incorporating them into their businesses, as well as improved client experiences and investment outcomes for investors," Delaney said.
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