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 charges an Investment Fee of 0.75% pa (including GST) for the management of the SMA. On top of that the SMA platform provider Praemium charges an Administration Fee that is dependent on the investment amount (see below). Find our full fee outline HERE. First $250,000 = 0.33% pa Following $250,001-$500,000 = 0.25%pa Following…
Yes, you can elect to have your dividend’s paid out during the application process or on instruction to the SMA team (firstname.lastname@example.org) Dividends are paid out approx. the 1st and 15th of each 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…
The performance fee is subject to a “high water mark” which is your initial investment to begin with, and then increases when any outperformance fee is paid – eg if your portfolio outperforms the benchmark by 2% and a 0.2% outperformance fee (10% of the 2%) is paid on that, the high watermark will adjust…
CHESS details will be created for your SMA Fund.
APIR codes would be generated by the independent body for participants. www.apir.com.au We don’t require our SMA model managers to have an APIR code as we use our internal system.