Macquarie diversifies platform
Macquarie has added international listed securities and domestic fixed income investment classes to its platform, Macquarie Wrap, following adviser demand for diversification options.
"The Macquarie Wrap platform now has the flexibility to support domestic fixed income securities issued by the Commonwealth Government, state governments and corporations, giving investors the potential for a steady and reliable return," Justin Delaney, Head of Wealth Product for Macquarie's Banking and Financial Services Group, said.
"International listed securities allow advisers to trade fully paid ordinary shares and common stocks on behalf of their clients across 14 exchange platforms and their corresponding primary indices across 10 countries," he added.
The latest enhancement follows efforts by Macquarie to improve the managed account functionality late last year.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
