We continue to invest into our Managed Portfolio offer on North and we’re committed to providing more flexibility and choice for how you manage your clients’ assets.

We recently let you know that we’ve provided new functionality to help clients tailor their Managed Portfolios. You can read more about these new features here: Managed Portfolio investment preferences feature.

We’ll be writing to impacted clients via a Significant Event Notice (SEN) between 15 July - 9 August 2024 to inform them we’re providing new features for you to manage their Managed Portfolio investment. You can read a sample copy of the SEN on the AMP website.

What’s changing?

  • We’ve updated the client report to make it easy to view your client’s investment preferences, with an investment preference tick box option.
  • We’ve added explanatory notes to the Annual Statement for Super and Pension accounts, to explain the influence any customisation instructions a client may have on a Managed Portfolio.

When is the change effective?

The Managed Portfolio investment preference was updated in North Online on 24 June 2024.

Note: a new PDS was released on 27 May 2024. Please ensure you are using the correct PDS. You can find this on North Online > Products > product disclosure documents.

What are the impacts to clients?

There are no impacts to clients unless you decide to make a change to their portfolio to use this new feature, ensuring this is in line with their investment objectives.

What do I need to do?

There are no specific actions for you, other than to read the notifications and understand the changes.

More information

To help you understand this enhancement to our offering, the following documents are available in North Online > Support > Training Resources > Transacting:

  • Setting Managed Portfolio Investment Preferences (Adviser guide)
  • Managed Portfolio Income and Investments Preferences (FAQs)

If you have any questions, please reach out to your Business Development Manager.

Important information

The information on this page has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It contains general advice only, does not take account of your client’s personal objectives, financial situation or needs, and a client should consider whether this information is appropriate for them before making any decisions. It’s important your client consider their circumstances and read the relevant product disclosure statement (PDS), investor directed portfolio guide (IDPS Guide) and target market determination (TMD), available from northonline.com.au or by contacting the North Service Centre on 1800 667 841, before deciding what’s right for them.  

MyNorth Investment and North Investment are operated by NMMT. MyNorth Investment Guarantee is issued by National Mutual Funds Management Limited ABN 32 006 787 720, AFSL 234652 (NMFM). MyNorth Super and Pension (including MyNorth Lifetime), MyNorth Super and Pension Guarantee and North Super and Pension are issued by N.M. Superannuation Proprietary Limited (ABN 31 008 428 322, AFSL 234654 (NM Super) as trustee of the Wealth Personal Superannuation and Pension Fund (the Fund) ABN 92 381 911 598. NMMT issues the interests in and is the responsible entity for MyNorth Managed Portfolios. All managed portfolios may not be available across all products on the North platform. All of the products above are referred to collectively as MyNorth Products.  The information on this page is provided only for the use of advisers, it is not intended for clients. This page provides a brief overview of some of the benefits of investing in MyNorth Products. The adviser remains responsible for any advice/services they provide to clients including making their own inquiries and ensuring that the advice/services are appropriate and in accordance with all legal requirements. 

You can read the Financial Services Guide online for more information, including the fees and benefits that companies related to NMMT, N.M. Superannuation Proprietary Limited ABN 31 008 428 322, AFSL 234654 (N.M. Super) and their representatives may receive in relation to products and services provided.   

North and MyNorth are trademarks registered to NMMT.  

All information on this website is subject to change without notice. 

This article is for professional adviser use only and mustn’t be distributed to or made available to retail clients. It contains general advice only and doesn’t consider a person’s personal goals, financial situation or needs. A person should consider whether this information is appropriate for them before making any decisions. It’s important a person considers their circumstances and reads the relevant product disclosure statement and/or investor directed portfolio services guide, available from NMMT at northonline.com.au or by calling 1800 667 841, before deciding what’s right for them. You can read the NMMT Financial Services Guide online for more information, including the fees and benefits that AMP companies and their representatives may receive in relation to products and services provided. You can also ask us for a hard copy.