Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Retail platform
Macquarie Wrap provides Super and Pension Consolidator II and Manager II for advised portfolios.
Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account.
Retail platform
Netwealth Super Accelerator is a platform for building and administering a selected investment portfolio. Core and Plus have different investment menus.
Check the product's application requirements and whether a financial adviser will manage the account.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
The costs and returns belong to the selected product, option or lifecycle stage.
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
| What to compare | Macquarie Wrap | Netwealth |
|---|---|---|
| Membership and access | Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account. Sources123 | Check the product's application requirements and whether a financial adviser will manage the account. Sources123 |
| Accounts and products | Super and Pension Consolidator II and Manager II, plus existing legacy products. Sources123 | Super Accelerator Core and Super Accelerator Plus, with pension account options. Sources123 |
| Investment choices | Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu. Sources123 | Core has a narrower menu of funds, models and income investments. Plus has broader managed-fund and listed-investment access. Sources123 |
| Insurance | Insurance can be accessed through selected providers under the relevant product documents. Sources123 | Personal Super members can apply for group cover or eligible individual LifeWRAP policies, including death, TPD and income protection. Sources123 |
| Retirement income | Super and pension accounts are available. The current II products do not accept conversion of an existing term allocated pension into that product type. Sources123 | Pension functionality is part of Super Accelerator; available investments and cash needs should be reviewed for the drawdown period. Sources123 |
| Advice and support | A financial adviser is part of the intended product model. Sources123 | The platform supports a nominated financial adviser, with agreed advice fees separate from investment and platform costs. Sources123 |
| Fee details to check | Use the fees effective from 1 September 2026. Add investments, trading, advice and any cash-account economics; Macquarie published administration and ORFR changes for that date. Sources123 | Include fixed and balance-based administration charges, underlying fund or model costs, trading costs and advice. A quoted Core administration percentage excludes additional fixed or minimum fees. Sources123 |
| Comparing investment performance | The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure. Sources123 | Performance belongs to the selected investments and the member's allocation, not the Netwealth brand. Sources123 |
THE SUPERGURU VIEW
Worth comparing for an advised investor who needs the menu and account-management functions.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Best researched when an advised or self-selected portfolio needs the investments and reporting functions the platform provides.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full Macquarie Wrap profile · Read the full Netwealth profile · Choose another comparison
Checked 2026-09-11. Documents and product terms can change after this date.
Checked 2026-09-11. Documents and product terms can change after this date.