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Separately

Managed

Accounts

Separately

Managed

Accounts

Separately

Managed

Accounts

Amongst many other benefits and features,

Amongst many other benefits and features,

greatly increase transparency and tax eff iciency for the investor.

SMAs

L o o k i n g b a c k , t h e r e w e r e a n u m b e r o f

r e a s o n s s m a s d i d n’t ta k e o f f i n i t i a l ly .

L o o k i n g b a c k , t h e r e w e r e a n u m b e r o f

r e a s o n s s m a s d i d n’t ta k e o f f i n i t i a l ly .

L o o k i n g b a c k , t h e r e w e r e a n u m b e r o f

r e a s o n s s m a s d i d n’t ta k e o f f i n i t i a l ly .

L o o k i n g b a c k , t h e r e w e r e a n u m b e r o f

r e a s o n s s m a s d i d n’t ta k e o f f i n i t i a l ly .

financial p la n n ers

financial p la n n ers

dealer groups

They see SMAs as a way to get closer to their clients by providing a more targeted and efficient investment service with greater transparency.

They see SMAs as a way to get closer to their clients by providing a more targeted and efficient investment service with greater transparency.

At a business level, an opportunity exists to

shift the power from asset managers to themselves.

References:1. Australia Financials: Managed Accounts – Evolution or Revolution?

References:1. Australia Financials: Managed Accounts – Evolution or Revolution?

“ “

It ’s fair to say that dealer groups and licensees also see that SMAs can create a more robust advice and compliance framework for their authorised representatives to provide f inancial product and investment advice.

creat ion of an investmentcommit tee

In our , i t s ta r ts w i th the

creat ion of an investmentcommit tee

In our , i t s ta r ts w i th the

made up of credible and exper ienced members ( f rom wi th in and outs ide of the organisat ion)

to oversee and monitor the

design and management of

investment portfolios.

s t r e a m l i n e d .

Once a client’s portfolio is invested into Separate ly Managed Accounts

Once a client’s portfolio is invested into Separate ly Managed Accounts

managing the port fo l io becomes ‘ real t ime ’ as cl ient por t fo l ios can be “d iscret ionar i ly” managed without the need to issue a Statement o f Advice (or Record of Advice) fo r changes to the por t fo l io ,

Once a client’s portfolio is invested into Separate ly Managed Accounts

managing the port fo l io becomes ‘ real t ime ’ as cl ient por t fo l ios can be “d iscret ionar i ly” managed without the need to issue a Statement o f Advice (or Record of Advice) fo r changes to the por t fo l io ,

when these are within agreed parameters and benchmarks st ipu la ted and expla ined to the c l ient in the in i t ia l p iece of advice.

At t he o the r end o f t he spec t rum, wh i l e i t ’ s t r ue t ha t c l i en t s w i t h ve ry l ow i n ves tmen t ba lances w i l l l i ke l y be se rved by robo -adv i ce o f f e r i ngs ove r t he l onge r t e rm ,

As their investment

balances increase,

they too may see

the merits of SMAs.

The report notes how the more mature SMSF segment is turning into a ‘tailwind’ for the growth in SMAs.

SMSF investors also demand the

fol lowing benefi ts of SMAs:

SMSF investors also demand the

fol lowing benefi ts of SMAs:

SMSF investors also demand the

fol lowing benefi ts of SMAs:

SMSF investors also demand the

fol lowing benefi ts of SMAs:

We’ve assisted a number of firms to

introduce managed accounts and

SMAs to their cl ient offerings.

We’ve assisted a number of firms to

introduce managed accounts and

SMAs to their cl ient offerings.

We’ve assisted a number of firms to

introduce managed accounts and

SMAs to their cl ient offerings.

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