The objective of the Portfolio is to grow the value of your investment through a combination of capital growth and income via dividends by investing in a diversified portfolio of Australian shares.
The Account's objective is to deliver returns ahead of the S&P/ASX 300.
The objective of the Portfolio is to outperform the UBS Bank Bill Index (0+yr) Maturity (SBCBB) over a three year period.
Aims to achieve capital growth over the medium to long-term and to provide income through the receipt of franked dividends.
IAM offers direct ownership of a curated portfolio combining investment grade bonds with syndicated term loans.
Investment Management Accounts (IMAs) and Separately Managed Accounts (SMAs) are two investment vehicles that offer customised portfolio management services to investors.
Both are designed to provide professional asset management while allowing for personalized investment strategies, catering to individual risk tolerances and financial goals.
Investment Management Accounts (IMAs) are professional investment accounts managed by financial institutions.
They provide clients with a diversified investment strategy tailored to their financial objectives.
IMAs typically pool funds from several investors but are often customised to reflect individual preferences.
Separately Managed Accounts (SMAs) are investment accounts where a professional portfolio manager invests directly on behalf of the account holder.
Each account holds individual securities, providing greater transparency, flexibility, and control over investments compared to pooled vehicles.
Types of IMAs include:
Types of SMAs include:
There are three main features of IMAs and SMAs:
There are three main risks of investing in IMAs and SMAs:
When comparing IMAs and SMAs, investors should consider:
Investors can access IMAs and SMAs through:
IMAs typically have lower minimums, while SMAs often require $100,000 or more.
Yes. Both are subject to regulations, but differ in how they are managed.
In both cases, fees can be flat, tiered, or performance-based, depending on the manager.
Yes. Both offer high levels of customisation, especially SMAs.
SMAs provide tax benefits through their direct ownership of securities, enabling better tax-loss harvesting.
SMAs offer more transparency than IMAs since investors own the individual securities directly.
IMAs typically allow easier access to investors’ cash, whereas SMAs may have restrictions on withdrawals.
While not mandatory, consulting a financial advisor is advisable for tailored investment strategies like IMAs and SMAs.
IMAs and SMAs offer unique advantages since they are both personalised investment strategies with professional management.
Understanding their differences, types, features, associated risks, and methods of comparison can help investors make informed decisions.
These vehicles provide varying degrees of customisation, transparency, and management costs, making it essential for investors to align their choice with their individual investment goals and needs.
