Individually & Separately Managed Accounts in Melbourne
What Are Managed Accounts?
Managed accounts are tax-efficient portfolios of assets directly owned by an investor that are managed by a professional investment manager.
Types of Managed Accounts
SMA
Separately Managed Account
MDA
Managed Discretionary Account
IMA
Individually Managed Account
Managed Accounts vs Managed Funds
Managed Accounts
Investor owns shares
No unitholders
Assets held directly by investor
Dividends, franking credits and realised gains/ losses flow directly to investor
Portability
(able to transfer shares in and out)
Direct equity can be transferred in
Share price
Managed Funds
Investor owns units
Multiple unitholders
Assets pooled by a group of investors
Dividends, franking credits and realised gains/ losses flow directly to managed fund
No portability
(unable to transfer shares in and out)
Direct equity cannot be transferred in
Unit price
Why Managed Accounts?
Benefits for financial advisers
More time with clients
Spend less time researching companies and stock picking and more time servicing your current clients and developing new client relationships.
Improved profitability
Reduce operational costs through decreased administration, potentially improving revenue; managed accounts may offer a new revenue stream.
Broader offering
A scalable direct equities solution, managed accounts can broaden your offering and help meet the direct equities demands of your clients.
Optimised portfolio
Execute trades and optimise client portfolios in a more timely way
Practice efficiencies
Reduce back office, settlements and reporting requirements by outsorcing stock selection, administration and reporting
Compliance
Increase the efficiency of your compliance process by eliminating SOA turnover on portfolio changes
Benefits for investors
Direct share ownership
You retain beneficial ownership of the shares held in a managed account and directly benefit from franking credits.
Portfolio transparency
Complete transparency of portfolio holdings and cost bases with all trading activity reported to you via a personalised online portal.
Cost efficiencies
Managed accounts may cost less than comparable managed funds, while brokerage costs are reduced through consolidated trades.
Tax efficiencies
There is no inherited capital gains tax (unlike units bought in a managed fund); your individual cost base is established the day shares are bought giving you greater flexibility to plan an optimal tax outcome.
Portability
You can easily transfer your direct share holdings to a managed account without selling down or triggering capital gains tax.
Professional management
Spend less time researching companies and stock picking and more time servicing your current clients and developing new client relationships.
