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Why managed accounts can work for you

Efficient, scalable and flexible, managed accounts are growing in popularity with a quarter of financial advisers currently actively recommending them and another 20 per cent considering using them in future.*

Indeed, the transformative power of managed accounts is difficult to ignore as financial advisers who use them say they have brought tangible benefits to their business and their clients.

 

Evidencing this, 75 per cent of advisers who recommend managed accounts say they now spend less time on administration and compliance, while 60 per cent agree that their practices have become more profitable.*


Let’s take a closer look at managed accounts and see why they can work for you and your business.

What is a managed account?

Put simply, a managed account is a portfolio held by a client and overseen by a professional investment manager.


Like a managed fund, a managed account gives your clients access to a single-asset class or diversified portfolio overseen by investment professionals, with all the benefits of research, execution and reporting.

 

But unlike a managed fund, managed accounts provide clients with individual rather than pooled outcomes on their investments – providing them with more flexibility and control.

How can this benefit your business

When you recommend your client invests in a managed account, the portfolio manager has responsibility for day-to-day investment decisions and can rapidly rebalance the portfolios to take advantage of emerging opportunities.


Yet, your clients keep full beneficial ownership of their investments, and enjoy a higher level of transparency and control than other managed investments – including potential tax advantages.

 

And, notably for advisers, this arrangement may reduce the need to generate a record of advice (ROA) for portfolio changes1.

Product flexibility and choice

As an investment vehicle, managed accounts offer enormous flexibility, so they can cater to a wide range of investment styles and risk appetites.


Depending on the product you choose, you may also be able to customise your selected managed account for your clients’ preferences.


The level of personalisation available depends on the precise structure of the product, with options ranging from off-the-shelf, one-size-fits-all portfolios, to fully customisable individual portfolios.


Summing up the growing popularity, Peter Chun, General Manager of Distribution at Colonial First State, says: “In a post-FoFA world, clients are increasingly looking for greater transparency. Managed accounts give them that extra visibility, together with direct ownership and often better tax outcomes.”

How Colonial First State can help

Whether you’re after simple and efficient on-platform portfolios, more comprehensive portfolios with complex investments, or a tailored managed account solution to meet your precise requirements, Colonial First State has a solution that’s right for you. Speak to your Colonial First State Business Development Manager or visit colonialfirststate.com.au/managedaccounts.

Managed Accounts on FirstChoice is now available. Managed Accounts on FirstWrap and tailored managed accounts will be available in 2018.

Disclaimer

Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. Colonial First State also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments, other than FirstRate Saver, FirstRate Term Deposits and FirstRate Investment Deposits which are products of the Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank). Colonial First State is a wholly owned subsidiary of the Bank. The Bank and its subsidiaries do not guarantee the performance of FirstChoice products or the repayment of capital for your investment.This information has been prepared by Colonial First State Custom Solutions, which is the registered business name of Avanteos Investments Limited ABN 20 096 259 979, AFS Licence 245531 (AIL). AIL is the operator of a number of investor directed portfolio services (IDPS’), is the trustee of a number of superannuation funds, and provides custodian and/or administration services in relation to superannuation, IDPS, IDPS-Like and managed discretionary account (MDA) products. AIL provides platform administration services and reporting services. AIL is owned ultimately by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank). The Bank and its subsidiaries do not guarantee performance of AIL products or the repayment of capital by AIL.

  • Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 is the issuer of the FirstChoice range of super and pension products from the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557. Colonial First State also issues interests in products made available under FirstChoice Investments and FirstChoice Wholesale Investments, other than FirstRate Saver, FirstRate Term Deposits and FirstRate Investment Deposits which are products of the Commonwealth Bank of Australia ABN 48 123 123 124, AFS Licence 234945 (the Bank). Colonial First State is a wholly owned subsidiary of the Bank. The Bank and its subsidiaries do not guarantee the performance of FirstChoice products or the repayment of capital for your investment.This information has been prepared by Colonial First State Custom Solutions, which is the registered business name of Avanteos Investments Limited ABN 20 096 259 979, AFS Licence 245531 (AIL). AIL is the operator of a number of investor directed portfolio services (IDPS’), is the trustee of a number of superannuation funds, and provides custodian and/or administration services in relation to superannuation, IDPS, IDPS-Like and managed discretionary account (MDA) products. AIL provides platform administration services and reporting services. AIL is owned ultimately by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank). The Bank and its subsidiaries do not guarantee performance of AIL products or the repayment of capital by AIL.


    While all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including AIL, nor any related parties, their employees or directors, accepts responsibility for any loss suffered by any person arising from reliance on this information. This document contains general information for adviser use only and is not to be handed to any investor. It does not take into account any person’s individual objectives, financial situation, needs or taxation circumstances. You should read the relevant Product Disclosure Statement (PDS) (FirstChoice and FirstWrap) or Investor Directed Portfolio Service Guide (IDPS Guide) (FirstWrap only) before making any recommendations. Clients should read the relevant PDS or IDPS Guide before making an investment decision and consider talking to a financial adviser. Clients can obtain FirstChoice PDSs from colonialfirststate.com.au or by calling 13 13 36 and FirstWrap PDSs and IDPSs from their adviser. This document cannot be used or copied in whole or part without our express written consent.

     

    Taxation considerations are general and based on present taxation laws and may be subject to change. AIL is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and investors should seek tax advice from a registered tax agent or a registered tax (financial) adviser if they intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.


    © Avanteos Investments Limited 2017.

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