Yes, you can family aggregate SMA accounts
Full administration of your investment portfolio (including automatic portfolio changes when changes are made by the Model Managers). Comprehensive online reporting with complete portfolio transparency of the underlying investments in your portfolio. Retaining beneficial ownership of the investments in your portfolio.
If I already hold equities in certain companies, can I request no further investment for my portfolio in my SMA allocation?
Yes, in the application process you can request to not hold a security in your SMA. We will then set-up Holding locks on those equities.
Marcus Today SMA only charge the admin fee of 0.75%; Praemium the SMA administration platform we use charge an Investment fee of 0.33%
Yes, you can elect to have your dividend’s paid out during the application process or on instruction to the SMA team (email@example.com) Dividends are paid out approx. the 1st and 15th of each month.
The investment fee is charged on a monthly basis based upon the market value of funds under management in that month, is this correct?
Fee payments are calculated based on the previous month’s expenditures. Fees are usually deducted the first week of each new month.
What is meant by ‘low transaction costs’ when I am not buying or selling shares, instead SMA is doing it?
Brokerage is done for you within the SMA. Wholesale brokerage 0.055% plus GST Settlement $0.87 per security transaction line.
Is there an obligation to put all my initial amount in at once? It may be more or less or staggered over time?
No, you can stagger in your funds via BPAY if you would like, the minimum investment does have to be $50,000. We do ask that you let us know how much you will be opening your account with as Praemium does hold off allocating your funds until the full amount stated on your application has…
A high-water mark is the highest peak in value that an investment fund or account has reached. This term is often used in the context of fund manager compensation, which is performance-based. The high-water mark ensures the manager does not get paid large sums for poor performance. If the manager loses money over a period,…
CHESS details will be created for your SMA Fund.