Funds under administration in SMAs on the Macquarie Wrap platform has exceeded $1.5 billion.

In making the announcement, Macquarie Wealth Management Head of Wealth Product and Technology, Cameron Garrett said the growth in funds under administration is a reflection of the extensive range of investment options available on Macquarie Wrap, as well as the technology, scale and security that the platform delivers.

According to Garrett, over the last 12 months, Macquarie has added an additional 45 SMA models to its extensive SMA offering, along with 51 managed funds to its Wrap platform.

“We’ve seen strong growth in recent years and this is largely due to the continued investment we have made in our platform. We’ve combined technology and innovation to free up the time of advisers, so that they can focus on having holistic conversations with their clients,” Garrett said.

“Through our SMA offering, we’re enabling advisers to build portfolios that are both flexible and transparent. Our focus continues to be on bringing greater variety, providing deeper understanding and delivering improved client outcomes.”

The Macquarie Wrap platform provides clients with access to a range of SMA models from a variety of investment managers, including Vanguard, Zenith and Quilla, which have been added over the last 12 months.

“We’re pleased to build on our long-standing relationship with Vanguard, which is one of the largest investment managers on the platform. In launching Vanguard SMAs on Macquarie Wrap, we have become the first platform provider in the Australian market to offer this investment option to advisers and their clients.”

The total number of Macquarie Wrap SMA investment managers now stands at 33 across 119 SMA models, complementing a suite of over 850 managed funds available on the wrap platform.