• North’s investment menu further strengthened with access to funds traded on Cboe
• Core functionality improvements simplifying North’s adviser and client experience

North’s managed portfolio offer continues to grow in popularity having passed $6 billion in assets under management, more than doubling since August last year. 

This represents one of the fastest growing managed portfolio offers in the market, underpinned by technology, investment manager quality and the holistic service provided by the North team to advice practices.

Cboe Australia exchange access added to North

The milestone comes as North’s investment menu has been further enhanced with the addition of the Cboe trading platform. Cboe’s exclusive range of investment options, including its range of ETFs from leading international investment managers, are now available through North. 

In total, 55 new managed funds and 24 exchanged traded funds (ETFs) have been added to North’s investment menu so far in 2022.

Functionality enhancements

Three key changes have also been made to North’s core ‘everyday’ functionality, making it easier and more intuitive for advisers to manage their clients’ investments, including:

• North’s investment switch capability now allows advisers to create and export an RoA template with pre-formatted tables, charts, graphs and diagrams to a Word document, making it easier to integrate into ROA templates. Close to 30 per cent of advisers performing a switch are using the new functionality. 
• North’s popular investment switch capability now includes a tax estimator, displaying the estimated capital gains tax impact of an investment switch, prior to execution.
• North clients can now provide consent for advice fees through North’s new digital consent process, streamlining the fee approval process with advisers.

Edwina Maloney, AMP’s Platforms Director said:

“North’s managed portfolios have seen exceptional growth – an indication of the quality of the investment managers we partner with, our technology platform, and the service the North team provide advice practices in implementing investment strategies for clients.

“North’s growing managed portfolio range is part of a wholesale strategic uplift to North’s investment menu in recent years, which has also been further strengthened with access to the Cboe trading platform. 

“These additions to North, together with our recent functionality improvements, reflect our commitment to understanding the needs of advisers and developing a wrap platform which best supports practice efficiency and great client outcomes.”

“The combination of a high-quality investment menu, intuitive functionality and low fees contributed to MyNorth recently being awarded Chant West’s highest platform rating of 5 Apples.”