FirstWrap makes managing your finances easier by bringing your investments together under one reporting and administration framework.
What is a wrap?
An investment wrap bundles your investments such as shares, property trusts, unlisted investments, managed funds and other investment products and services into one administration vehicle.
Wraps offer consolidated reporting – making it easier to manage your investments, especially at tax time. Wraps are also administered online, so you can track your investments 24 hours a day.
Wraps typically offer an extensive investment menu, providing you and your financial adviser with investment freedom through access to listed shares, managed funds, margin lending and insurance.
How FirstWrap works
FirstWrap is a full service wrap platform, providing comprehensive investment choice, convenience and great flexibility.
FirstWrap offers a wide variety of investment options and sophisticated tax reporting facilities across investments, superannuation and pension services to help you and your adviser effectively implement your investment plans.
Your investments are conveniently managed through one account, allowing your adviser to easily monitor and manage your portfolio.
FirstWrap lets you keep your investments alongside your superannuation savings and pension account.
These can all be consolidated into a single set of reports, meaning you won’t have to sort and combine information from a multitude of financial institutions.
You can also access reports and other key portfolio information online, 24 hours a day.
FirstWrap allows your financial adviser to tailor an efficient solution for managing your investments.
Your financial adviser can model and nominate which parcels of investments are best suited to your individual tax circumstances and reporting requirements.
Additionally, your financial adviser can manage your tax position more effectively by allowing you to transfer assets in and out of FirstWrap Plus Investments without triggering a capital gains tax liability.
FirstWrap investment range
FirstWrap offers a wide variety of investment options, including access to around 350 managed funds at wholesale prices.
As an investor, you can choose from:
- Around 350 managed funds
- Hedge funds and private equity funds
- Unlisted property
- All ASX listed shares (ASX 300 only for super and pension)
- All ASX listed company issued options (ASX 300 only for super and pension)
- Term deposits (a range of terms available)
- Panel of brokers
- Access to floats, placements and other corporate actions
- Margin lending facility
Already have an investment portfolio you’re happy with? You may be able to transfer your existing managed funds, ASX listed shares, options, warrants and floating rate notes over to FirstWrap Plus Investments without triggering a capital gains tax liability.
A manual registry for your existing external assets, such as investment property or artwork, gives you a complete financial picture of your investments. This ‘custodial’ structure means less paperwork, and more importantly, retaining underlying ownership of your investments.
FirstWrap is available to invest in via a licensed financial adviser.
BEFORE YOU APPLY
FirstWrap Plus Investments
Before you complete your application, you should read the information contained in the Investor Directed Portfolio Service guide (provided by your financial adviser) as well as the Other important information brochure, the Investment list and AIL's Financial Services Guide.
FirstWrap Plus Super and Pension
Before you complete your application, you should read the information contained in the Product Disclosure Statement (provided by your financial adviser), as well as the Other important information brochure, the Investment list, AIL's Financial Services Guide and, if you are considering insurance cover, the LifeProtect Insurance brochure.
You can request a copy of any of these documents from your financial adviser, or contact FirstWrap Service and Support on 1300 769 619 and a copy will be provided to you free of charge.
Information about managed funds available through FirstWrap appears in the disclosure document for that managed fund available from your adviser.
This information has been produced by Colonial First State Custom Solutions, which is the registered business name of Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL). AIL is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 which includes FirstWrap Plus Super and Pension and is the operator of the Avanteos Wrap Account Service ABN 47 953 207 793 which includes FirstWrap Plus Investments. 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.
This information has been prepared by AIL and provides general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking with your financial adviser before making an investment decision. A product disclosure statement (PDS) and investor directed portfolio service (IDPS) Guide is available for the products in FirstWrap Plus and can be obtained from your financial adviser. You should obtain and consider the most up-to-date PDS or IDPS Guide before deciding whether to invest or continue to invest through FirstWrap Plus Super and Pension or FirstWrap Plus Investments.
The Accelerator Cash Account (‘ACA’) is issued by the Bank and administered by CommSec Adviser Services, a brand of Australian Investment Exchange Limited ABN 71 076 515 930 AFSL 241400 (‘AUSIEX’). AUSIEX is a wholly owned but non-guaranteed subsidiary of the Bank. For ACAs accessible via the FirstWrap platform, AIL will provide platform administration services only and whilst it may be arranging for the issue of the ACA by facilitating the process, it is not issuing, selling, guaranteeing, underwriting, or providing custody services in relation to ACAs. Clients should read the relevant ACA disclosure documents and IDPS disclosure documents available from firstwrap.com.au before making an investment decision and talk to their financial adviser.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. AIL is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you 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 2016.