Macquarie Wrap saves planners' time by further enhancing client reporting

02 November 2009

London - Following further consultation with planners, Macquarie Wrap has enhanced its client reporting functionality to support planners better serve their clients. Macquarie Wrap now allows reporting on historical transactions for assets that have been transferred to the platform, going back to the inception of the asset. In addition, Macquarie Wrap now supports reporting for assets held outside of Macquarie’s custody.

Often, the transaction history for clients’ ‘on platform’ assets only tells part of the story, so requiring planners to spend time sourcing additional information separate to their clients’ wrap reports. Macquarie Wrap’s solution consolidates reporting of all asset transaction information for the client and the planner in one place. This functionality gives the client and planner the ability to easily access the asset allocation and historical performance for the entire portfolio via the one source, allowing portfolios to be managed more efficiently.

“Planners have told us that improving client reporting to address both historical performance measurement and incorporating legacy assets is a key issue for them,” said Adrian Nash, Macquarie’s Head of Product and Proposition.

”Our aim is to provide a wrap service that better supports financial planners by delivering greater administration efficiency for them. Improving the efficiency of their business will save planners time, enabling them to spend more time with their clients, delivering better outcomes for all,” said Mr Nash.

Macquarie Wrap continues to work with its users to best understand where it can deliver further developments to support planners to better serve their clients while improving the operational efficiency of their business. 

About Macquarie Banking and Financial Services Group

The Macquarie Banking and Financial Services Group is the primary relationship manager for Macquarie Group’s (Macquarie) retail client base, providing a diverse range of products and services to personal investors, financial planners and other professional service providers.  Amongst the services provided by Macquarie is one of the most successful Wrap Account offerings in Australia, which serves over 70,000 clients on behalf of over 2,500 financial planners. Macquarie rolled-out its Wrap Account to planners in the UK in March this year and is currently focussed on growing this platform and developing additional offerings in support of planners’ service to clients. The Macquarie Banking and Financial Services Group has approximately 3,000 employees with operations in Australia, New Zealand, Asia, North America, India as well as the UK and Europe.

About Macquarie

Macquarie is a global provider of banking, financial, advisory, investment and funds management services and acts on behalf of institutional, corporate and retail clients and counterparties around the world.

Macquarie Group Limited is listed in Australia and is regulated by APRA, the Australian banking regulator, as the owner of Macquarie Bank Limited, an authorised deposit taker. Macquarie also owns a bank in the UK, Macquarie Bank International, which is regulated by the FSA. Macquarie's activities are subject to regulation by over 100 agencies around the world.  Macquarie’s approach to risk management is long-standing.  Strong risk management practices are embedded in business unit management with central oversight of credit, market, funding, compliance and operational risk.  These, together with committed, quality staff, are key drivers of Macquarie’s success.   

Founded in 1969, Macquarie operates in more than 70 office locations in 26 countries and employs approximately 12,500 people and has assets under management of more than £114 billion (as of July 31, 2009). 

For further information, please contact:

Gavin Winbanks
Macquarie Group Public Relations
Tel: +44 203 037 5944