Katie Petering, Head of Multi-Asset Investment Strategy,...

Katie Petering, Head of Multi-Asset Investment Strategy, BlackRock Australasia said:

“As pioneers of managed portfolios in the Australian market, we are excited to work with AMP and Lonsec to build a new model portfolio solution that will enhance how AMP Advice and North serves advisers. By drawing on the breadth of our global platform, Australia will be the first market outside of the US to benefit from BlackRock’s global model portfolio customisation technology.”

“This reinforces our commitment to continuously look for ways to introduce innovation in a sophisticated market like Australia, with the primary goal of democratising access to model portfolios for a broader base of advice practices.”

Michael Wright, Lonsec Group Chief Executive Officer said:

“We are thrilled to work with AMP and BlackRock to bring the next generation of managed accounts to market. This new managed portfolio solution will empower licensees like AMP Advice to create a suite of tailored portfolios that can allow certain customisations within the scheme for aligned practices – a first-of-its-kind breakthrough in the Australian wealth market. We expect this new managed portfolio solution will enable more advice practices to be able to reap the benefits of managed accounts for their businesses and clients.”