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Macquarie Wrap

Macquarie Wrap provides Super and Pension Consolidator II and Manager II for advised portfolios.

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By SuperGuru Group Checked

THE OVERVIEW

About Macquarie Wrap

A wrap account brings investment transactions, cash and reporting together. Consolidator II offers Engage and Elevate menu settings, while Manager II has a different pricing structure.

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Who can join

Macquarie says its Wrap products are designed for people who have received personal advice to apply and to help manage the account.

Visit the official website

THE SUPERGURU VIEW

Our take

Editorial assessment

Worth comparing for an advised investor who needs the menu and account-management functions.

What deserves a closer look

  • The intended advice relationship creates a cost and service dependency.
  • Current fees changed in September 2026, so older comparison tables can be wrong.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

THE NUMBERS

Fees and investment returns

Use the product, investment option and employer plan on your statement. Lifecycle members need to choose the relevant stage. APRA's investment pathways may include closed options held by existing members.

Choose an investment option to see the figures

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.

A CLOSER LOOK

Inside Macquarie Wrap

Accounts and products

Super and Pension Consolidator II and Manager II, plus existing legacy products.

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Investment choices

Managed funds, separately managed accounts, listed investments and other assets permitted by the chosen menu.

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Insurance

Insurance can be accessed through selected providers under the relevant product documents.

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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.

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Advice and support

A financial adviser is part of the intended product model.

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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.

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Comparing investment performance

The member's portfolio and costs determine the result. An old Macquarie brand return is not a platform performance measure.

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Features worth considering

Several product and menu settings for different portfolio needs.

Consolidated investment administration and reporting.

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THE LEGAL FUND

Fund size in APRA's annual reporting

Macquarie Superannuation Plan

Total assets$48,959,513,000
Member accounts124,195

At 30 June 2025. These are legal-fund totals, which can include several products and more than one account per person.

APRA annual fund-level statistics, June 2025. These older totals can differ substantially after mergers. Size is not a measure of suitability or investment quality.

Sources for Macquarie Wrap

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Current documents and September 2026 changes
  2. Wrap product comparison
  3. II product restrictions

MAKE THE COMPARISON

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