North seals new research partnership

Yasmine Raso

Senior Journalist, Financial Newswire

15 August 2023

AMP’s investment platform, North, has secured a partnership with Sandstone Insights allowing advisers access to equity research and analysis.

A first for the Australian platform landscape, Sandstone Insights Manager, John Meagher, said the data provided as part of the collaboration will support advisers in delivering high-quality advice best suited to their clients’ individual needs.

“We are delighted to partner with North as they continue to innovate and deliver even more high-quality products and services,” he said.

“Sandstone Insights provides advisers and their clients with ASX stock research and equity market commentary to help with their investment portfolios and adds to the tools available to advisers.”

The announcement also comes as North reached $11 billion in assets under management (AUM), growing by over nine billion dollars within two years of launching.

Advisers using the platform have a suite of 96 managed portfolios across several asset classes, investment strategies and investment vehicles to choose from.

“Investment in North’s managed portfolios range has continued to surge, increasing from $2 billion to more than $11 billion in the space of two years,” AMP Group Executive of Platforms, Edwina Maloney, said.

“We recognise the considerable benefits they offer, and we’ll continue work closely with the advice community as we further expand North’s managed portfolio range.

“They form an important part of North’s overall value proposition which is focused on investment choice and quality, retirement solutions, functionality, low fees and service. AMP continues to invest in the IT functionality of our North managed portfolio offer with new capability coming out later this year.

“Our new partnership with Sandstone Insights also now offers North advisers and their clients access to high-quality research, continuing the evolution of the platform.”