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North adds 12 managed portfolios to investment menu
Super and retirement
09 August 2022

North, one of Australia’s leading wrap investment platforms, has added a further 12 managed portfolios to its investment menu, together with an additional 21 new investment options. The additions follow the continued expansion of North’s partnered managed portfolio range, with eight more leading advice practices creating tailored offers since March this year.

New portfolios

The 12 new managed portfolios^, from leading investment managers Russell Investments and Zenith Investment Partners, cover a range of strategies and styles including diversified, geared, sustainable and dynamic ETF.

The Russell Investments portfolios include five multi-asset portfolios, two sustainable portfolios and a new geared high-growth portfolio, one of the first of its kind in market. Four new dynamic ETF portfolios have been added to Zenith’s existing diversified portfolio range.

The new portfolios bring the total number of managed portfolios on the North platform to 79. The range includes direct equities portfolios, offered by a range of dedicated managed portfolio specialists.

Partnered managed portfolio expansion

North is also partnering with a growing number of leading advice practices and investment managers, delivering managed portfolios tailored specifically for their clients. With a further eight developed since March, North now provides partnered managed portfolios to 35 advice practices across Australia.

Further investment menu additions

In addition to the new managed portfolios, North has added 21 investment options* to its menu. Available now, the funds cover a range of assets classes, styles and geographies, including multiple new sustainable funds and an impact fund.

AMP Director of Platforms Edwina Maloney, said:

“Managed portfolios continue to surge in popularity given the many benefits they provide clients, including direct asset ownership, portfolio transparency, cost efficiency, and access to world class investment managers. Importantly, they also free up advisers to spend more time with their clients.

“We’re continuing to expand the range of portfolios we offer through the North platform, which have now passed $5 billion in assets under management, despite volatile investment markets. This includes partnering with more advice practices and investment managers to create tailored client portfolios.

“We’re also excited to be launching our new, market-first North retirement income solution later this year, addressing an important need for many Australians.

“High quality investment solutions, low fees and efficient adviser and client functionality are the hallmarks of a quality wrap platform, and where we’re continuing our focus for North.”

Zenith’s Head of Asset Allocation Damien Hennessy, said:

“Being the first external investment manager to deliver partnered and public menu managed portfolios on the North platform, we’re excited to utilise the listed capabilities of what we believe is one of the market’s leading wrap platforms by launching our low cost, actively managed ETF portfolios.”

North Investment additions: