North, one of Australia’s leading wrap investment platforms, continues to expand its investment menu with the addition of seven actively managed portfolios to the platform.
North’s broader menu has also grown this year with the addition of 44 new managed funds, as AMP continues to invest in choice and optionality for advisers.
The last 12 months has seen growing demand from advisers for more choice in ESG options on North, providing their clients with flexibility when it comes to selecting responsible investment options.
Responding to adviser demand, North is pleased to welcome the addition of DNR Capital’s Australian Equities Socially Responsible Portfolio to the platform.
The portfolio offers concentrated exposure to high quality large and mid-cap Australian listed equities.
It is designed for investors who seek an actively managed Australian equities portfolio that adopts a negative screening strategy, combined with an ESG ratings assessment, ESG integration and company engagement.
DNR Capital’s Socially Responsible Portfolio has been certified by the Responsible Investment Association Australasia (RIAA) in accordance with the strict guidelines of its Responsible Investment Certification Program1 .
Medalist Core Range now available on North
North continues to invest in enhancing the breadth and flexibility of its investment menu, with a total of 111 high-quality managed portfolios now on offer across multiple asset classes and investment strategies.
Joining the investment menu this month are six actively managed portfolios from Morningstar’s Medalist Core range, made up of Morningstar Medalist rated managed funds and exchange traded funds (ETFs).
Morningstar’s portfolios use a combination of active and passive strategies ensuring clients have a robust, research-led investment solution. The suite is available to advisers across various investment horizons and a broad set of risk profiles, ranging from Conservative to All Growth.
Flexibility and choice a priority for advisers
North has improved its year-on-year satisfaction and has been able to create a highly competitive position among managed account users seeking both choice and flexibility, according to research from independent consultant NMG2 .
Among managed account users, the research found AMP’s North platform rated well on relationships, with managed account advisers viewing it as a “market leader”3 .
North’s Research Choice managed accounts range has just been awarded a 4 star ‘Superior’ rating from external rating agency SQM, underlining both the meaningful historical performance and high calibre management of the range.
The North platform was also recently awarded Chant West’s 5 Apples Highly Recommended Platform Rating for MyNorth for 2023, the highest available from the independent research house.
For more information about North’s new features and its expanded investment menu, please see our Investment Options page here or visit https://www.northonline.com.au/adviser/investment-options
AMP Group Executive, Platforms, Edwina Maloney, said:
“AMP continues to invest in strengthening its managed account functionality and its multi-asset group capability, with strong ratings compared to our peers.”
“The addition of ESG and multi-asset portfolios from DNR Capital and Morningstar reflect the feedback we’ve received from advisers on what matters most to them and their clients, with North now having 111 high-quality managed portfolios available.”
“We are continuing to expand North’s investment menu to give advisers the very best in range, flexibility and seamless on-platform experience.”
Morningstar Director of Research Products, Australia and New Zealand, Rick Di Cristoforo said:
“Morningstar is excited to have our Medalist Core portfolios be added to the North platform. The Medalist portfolios are a marrying of our extensive Research and Investment capabilities.”
“We are pleased that advisers who seek to provide an implementation of our quality fund research and asset allocation within the well-regarded North platform will have access to this offering”.
DNR Capital, Chief Executive Officer, Robert White said:
“We’ve had a long affiliation with AMP, already having a number of our products available via the North platform and we’re pleased to continue our strong partnership with them.”
1 Responsible Returns 2023, Responsible Investment Association of Australasia (RIAA)
2 NMG’s Australian Adviser Insights Programme 2022. Executive Summary (p2)
3 NMG’s Australian Adviser Insights Programme 2022: Managed Account users (p26)