Can I make withdrawals?
Yes, at any time without a penalty or withdrawal fee. Withdrawals can be in the form of cash, or in-specie transfer out (in-specie transfer fee may apply).
How are dividends paid?
Unless specified otherwise income and dividends received will be paid into your cash holding within your Account, and used for future investment during the portfolio rebalancing process (subject to the minimum trade size being achieved). You have the option to nominate an external linked bank account, and have your income and dividends paid into the…
How are fees and expenses paid?
Fees and expenses are paid from the cash holding within your Account on a monthly basis. You have the option to nominate an external linked bank account to setup a direct debit facility, to top up your cash holding each time a fee payment is made. This is known as “fee offset”. Instead of nominating…
What are the adviser fees?
There are no Adviser fees.
What happens if the cash account balance falls below 1% or there are insufficient funds to pay fees and expenses?
If at any time the cash balance in your Account falls below the required minimum 1% holding balance, additional securities will be sold (or purchases reduced) pro-rata across your Account (subject to the minimum holding locks). Alternatively, you can elect to top-up your cash holding from your nominated bank account.
How are corporate actions dealt with?
The Responsible Entity for the Marcus Today SMA, Praemium Australia Ltd will receive communications relating to Corporate Actions affecting the securities held in your Account. Praemium Australia Ltd will act in the best interests of investors in the Marcus Today SMA as a whole, but will generally not be obliged to act on any individual…
How can I track the performance of my portfolio?
Portfolio reporting is available online 24/7 via your Investor Portal where you are able to view your current holdings, cash account and security transactions, tax positions, brokerage, and fees and other charges deducted from the account. You will be given login access at the creation of your SMA account. At financial year-end you will be…
Are your Funds absolute return funds?
The Growth SMA acts as an absolute return fund, while the Income Portfolio is conscious of holding positions for franking eligibility under normal circumstances.
What is the turnover of stock average?
Stock turnover varies with market conditions. As we have an ability and willingness to move up to 100% cash if we see the need turnover can at times be very high, with the entire portfolio being turned over in a relatively short space of time (eg. If we were to move from 100% invested to…
What are the total annual fees for $50 K investment (fixed fee plus any percentages)?
Initial Admin fee of 0.33% + Initial Investment fee of 0.75% Administration fee: $165 p.a. (0.33% x 50,000) Investment fee: $375 p.a. (0.75% x 50,000) Expense Recovery: Up to $65 p.a. TOTAL: $605