We’ve expanded our customisation options for Managed Portfolios giving you more flexibility over the assets your clients hold. This new functionality allows you to tailor your client's Managed Portfolio by customising the underlying holdings to account for any specific client preferences.

This means that North’s menu of Managed Portfolios can accommodate more of your clients who would like to be using Managed Portfolios for the range of benefits they provide but whose individual circumstances have prevented them from doing so.

What's New?

In North Online you now have the ability to nominate one or more assets to not be held within a client's Managed Portfolio with the option to:

  • nominate a substitute asset to hold instead
  • to hold the allocation(s) in Managed Portfolio Cash
  • to spread the allocation(s) proportionally across the other assets in the client's Managed Portfolio.

This investment preference instruction will apply to all Managed Portfolios (current and future) that the account may invest in until the instruction is deleted, or the account is closed.

To support the introduction of investment preferences, the following changes have been made to North Online.

  • The Investments Instruction screen has been updated with a new Managed portfolio investment preferences section to make, edit or delete an investment preference instruction.
  • Client’s letters and forms generated in North Online will now include information where applicable on investment preferences.

What do you need to do if you have a transaction in progress?

Where a Switch, Investment Instruction, Account Transfer, Create new client or Open new account transaction has been ‘saved to resume’ in North Online on or prior to 31 May 2024 you may need to take additional action when you resume the transaction.

  • If documentation has not been viewed or viewed without entering ‘edit’ in North Online screens for the account, documents can be generated and submitted without error.
  • Documentation will need to be regenerated if ‘edit’ mode has been selected for any North Online screen required to complete the transaction.
  • The new Managed portfolio investment preferences section will display in the Investment instruction screen and account details screen. If a new Investment preference has be selected, new documentation will need to be regenerated.

More information

We’ve provided helpful information to assist you with these changes in North Online

  • North Online > Support > Training Resources > Transacting > How to guide for investment customisation.
  • MyNorth Managed Portfolios PDS - updated to include information on the new investment preferences instruction.
  • New Adviser report - an investment preferences report is available on North Online > Adviser reporting > Managed portfolio > Customisation instructions which details investment preferences for your managed portfolio clients.

Alternatively, speak with your Business Development Manager.

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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. 

Any video content on this page was current on the date it was published. For up-to-date information, we refer you to the relevant product disclosure statement, target market determination and product updates available at amp.com.au.

While every care has been taken in the preparation of this video, neither National Mutual Funds Management Ltd (ABN 32 006 787 720, AFSL 234652) (NMFM), AMP Limited ABN 49 079 354 519 nor any other member of the AMP Group (AMP) makes any representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This document has been prepared for the purpose of providing general information, without taking account of any particular investor’s objectives, financial situation or needs. An investor should, before making any investment decisions, consider the appropriateness of the information in this document, and seek professional advice, having regard to the investor’s objectives, financial situation and needs. This video is solely for the use of the party to whom it is provided and must not be provided to any other person or entity without the express written consent AMP. This video is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest. The information contained within is correct as at 10 May 2023 and is subject to change.