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AMP North unveils managed portfolios

By Yasmine Masi1 November 2021

Investment platform North has announced the expansion of its capabilities for advisers and clients by adding Australian equities and exchange traded funds (ETFs) to its MyNorth Managed Portfolios.

The new range of offerings includes 23 new portfolios from 10 investment managers, including single-sector equity portfolios across large cap, mid and small cap, income, ESG, infrastructure and property and diversified portfolios, with ETFs and managed funds.

The new portfolios are part of the ongoing expansion of the North investment range, building upon the existing variety of diversified managed portfolios across retirement, ESG, accumulation, income and core/satellite funds.

“The launch of equity managed portfolios on the North platform delivers on our strategy and ongoing commitment to providing advisers and clients with more investment choice,” said Edwina Maloney, Director of Platforms at AMP.

“The portfolios will be competitively priced and delivered with a range of resources and functionality enhancements to the platform to make it easy and cost-effective for advisers to trade. This includes floating investment profiles and in-specie transferal of underlying client assets.

“The portfolios reflect the wide-ranging enhancements we’re making to North to help advisers deliver quality advice and improve business efficiency.”

The portfolio additions will be available to advisers and their clients from the end of November 2021 and will be joined by expected further additions to North’s suite of offerings next month. This will take North’s number of new added investments to 150 over the course of 2021.

“In the past year, we’ve reduced North’s administration fees, reduced brokerage fees, expanded North’s diversified and partnered managed portfolio offers and launched the MyNorthGuarantees, while our new North Education Hub is also helping more and more advisers,” Maloney said.

“We’re determined to ensure North competes strongly across price, functionality and investment choice.

“Advisers and clients can shortly expect further wholesale additions to the investment menu.”

North’s new equity managed portfolio offer will provide investors with floating investment profiles that are updated daily in proportion to the market movement of underlying assets, a new managed portfolio cash account as the central point for any distributions or payments, and monthly and quarterly reporting.

In collaboration with the Institute of Managed Account Professionals (IMAP) North also released a Managed Portfolio Whitepaper that coincides with the launch of the new portfolio range, to support advisers with the implementation of managed portfolio investment strategies.

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