North, one of Australia’s leading wrap investment platforms, has seen its managed portfolio range become the fastest growing in the market after it surpassed $11 billion in assets under management (AUM).

The significant uptick in North’s managed portfolio AUM is due to the flexible way North has engaged with practices to either build, badge or buy from its offer, after the platform grew its total AUM from $2 billion to now over $11 billion in the space of two years¹.

Advisers on the platform, which offers one of Australia’s best investment menus, can now access a total of 96 high-quality managed portfolios across multiple asset classes and investment strategies.

The sentiment continues to remain strong with both aligned and non-aligned advisers. According to the 2023 Adviser Technology Needs Report by Investment Trends, more advisers are choosing North as their main platform because of its range of products and investments, low overall cost to clients and reliability.

New partnership with Sandstone

North has also announced a new partnership with Sandstone Insights to provide advisers with access to the latest equity research and analysis through the platform.

The agreement is the first of its kind in the Australian platform market and reflects North’s ongoing commitment to supporting advisers in delivering high-quality advice to their clients.

Sandstone Insights Manager John Meagher, said:

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

“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.”

AMP Group Executive of Platforms Edwina Maloney, said:

“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.

“We recognise the considerable benefits they offer, and we’ll continue to 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.”

^{1 North’s managed portfolio AUM was $2 billion as at 25 May 2021: MyNorth $2 billion assets under management (amp.com.au)}