The inclusion of these new managers elevates North's offering to over 150 "buy" managed portfolios in collaboration with 25 different managers and nearly 400 "build" portfolios. These changes are a direct response to the increased demand from advisers, as emphasized by AMP.
Innova Asset Management distinguishes itself with a methodical approach to creating risk-conscious portfolio solutions tailored to client needs, utilizing a rules-based methodology. AZ Sestante offers cost-effective, multi-manager model portfolios, prioritizing a robust, repeatable strategy to guide advisers through diverse market conditions. Watershed Funds Management complements these offerings with its "embedded models" strategies that leverage economic and market analyses to optimize asset quality over the medium to long term.
In tandem with these advancements, North has enhanced its alliance with Betashares, pioneering the Betashares Moderately Geared Managed Account Portfolios—Australia’s inaugural targeted geared retirement series. The suite aims to amplify defensive asset and income exposure while allowing advisers to cost-effectively access the equity market via internally geared ETFs, which benefit from institutional-grade borrowing rates.
Edwina Maloney, AMP's group executive of platforms, underscored North's commitment to partnering with standout managers, ensuring the platform's leadership in offering diverse, high-quality investment solutions. This partnership expansion—North’s most extensive Buy Menu refresh—reinforces its leading market position regarding the breadth and quality of choices provided to advisers.
David Hutchison, general manager of managed portfolios and investments at AMP, highlighted the firm’s dedication to enhancing adviser services through these strategic initiatives, noting the collaborative efforts with Betashares as a benchmark in retirement solutions innovation.
