All shares will be directly owned by yourself. When trades are executed, a letter is sent out by your advisor to explain the reason for the transaction. This innovative model allows you to be included in the portfolio management process while not having to focus on the demanding day-to-day monitoring of the portfolio.
Room For You To Move
While your advisor will look after the day-to-day operation of the account, if you have a long term holding or want to buy an individual holding, it can be facilitated.
You Come First
Priority is given to managed clients in Floats and Placements, allowing clients to obtain stock in ‘high-demand’ situations, where they otherwise may have missed out. Along with this, under the Managed Discretionary Portfolio service, an advisors day-to-day time is also prioritised towards managed clients, often resulting in an outperformance of a passive client.
Unlike standard managed funds, a Managed Discretionary Portfolio gives you direct share ownership with the benefits of franking credits. Franking credits allow Australian companies to pass on tax paid at the company level to shareholders.
You will receive regular detailed reports on your portfolio’s performance. This includes a comprehensive End Of Financial Year tax report prepared for your accountant. We also provide online access, allowing you to check your holdings any time of the day.
As the accounts are discretionary, your advisor is able to seek out opportunities that can often be time critical. Whether it be a highly important announcement made by a company or a surprise interest rate decision, often timing is critical to get you the best price.