AMP has today launched MyNorth Managed Portfolios, available across its MyNorth, North, Summit and iAccess super, pension and investment platforms and products.
The 12 separately managed portfolios add to the wide range of investment options available on the North platform, providing even greater choice for advisers and their clients.
The new portfolios are constructed and managed by the AMP Research team, providing advisers and their clients access to a diversified range of managed funds designed to meet specified investment objectives. The portfolios cover three investment categories – accumulation, income and objective-based.
John Keating, AMP’s Head of Platform Development, said the new portfolios reflect the company’s commitment to providing advisers and their clients with investment choice, delivered through a seamless and efficient experience.
“The simplicity and ease through which the portfolios are accessed and administered will allow advisers to spend more time with clients,” said Mr Keating.
“The new portfolios continue the investment AMP is making in our platforms and products to ensure advisers can confidently help clients achieve their goals.”
Clients benefit from professional investment management, the ability to track the performance of underlying assets on North Online and, importantly, the client owns each of the individual assets in the chosen managed portfolio.
The portfolios incorporate AMP’s recently extended range of Advantage Funds, which provide quality wholesale funds at a lower ongoing management fee than their wholesale equivalent. Since launching the expanded range in January, Advantage Funds have grown by a further A$32 million, bringing total funds under management to A$312m.
Further platform enhancements
In addition to MyNorth Managed Portfolios, AMP is today launching a new adviser reporting tool and enhanced model management functionality available across MyNorth, North, Summit and iAccess super, pension and investment platforms and products.
Models are now easier to configure and manage, and can be segregated and valued separately from other holdings within a client’s account. Reporting on model holdings and performance coupled with improvements to North Online system performance will contribute to greater practice efficiency.
The new reporting tool has an intuitive design allowing advisers to generate, customise, and download reports more efficiently. Improved browser and device compatibility have also been introduced, including new screens and reports.
Later in 2018, AMP will expand its managed portfolio range to include direct access to equity investments.
AMP’s market-leading North platforms received net cashflows of A$5.7 billion in 2017, having now grown to approximately A$35 billion in assets under management.
More information about MyNorth Managed Portfolios is available at www.amp.com.au/adviser/offers.