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North Managed Portfolio AUM Passes $5 Billion

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14 June 2022 by Neil Griffiths

Article link: https://www.ifa.com.au/news/31344-north-managed-portfolio-aum-passes-5-billion

AMP has reported that assets under management (AUM) for North’s managed portfolio range has ticked over $5 billion — a 140 per cent increase over the last year.

The news coincides with the announcement that three new portfolios will be added to the platform in the coming weeks - the Research Australian Equity Portfolio and the Research Australian Equity Income Portfolio managed by North’s research team, and the Elston Australian Large Companies Portfolio managed by Elston Asset Management.

“We’re also keeping fees extremely competitive and enhancing North’s tech capability, including the recent launch of our client app.”

Shortly before the launch of the client app, Adviser Ratings’ Landscape report, which looked at how financial advice has been impacted by the changing nature of wealth management through a number of projects including over 40,000 surveys of advisers and consumers, found that advisers intend to use investment platforms more in 2022 to “service clients more effectively and efficiently”.


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