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Clients enter into a contract which gives discretionary authority to invest on their behalf to IAS and through IAS, your dealer group and advisers.
The discretionary nature of the service means advisers don’t need to produce a Statement of Advice, Statement of Additional Advice or Record of Advice to make changes to their clients’ portfolios.
You obtain significant practice efficiencies by managing your clients more effectively and reducing paperwork.
Give the service your company ‘look and feel’ by branding the documentation and your portal.
The day to day administration of running direct portfolios is managed by professionals: Investment Managers manage the portfolios, a Custodian holds the investments and cash for your client, and IAS as administrator operates the Managed Account, and
The IAS Service gives your dealer group the ability to select a suite of investment managers and investment options, including asset class model management, which allows you to enhance client outcomes.
Clients directly hold the assets in their individual Managed Account and retain beneficial ownership. They have the benefits of direct ownership such as portability and full benefits of franking credits from dividend payments.
All fees feed directly through into your client’s portfolios so everything is visible and accountable.
Maintain direct ownership but have professional management. Every Investment Option is managed by an experienced Investment Manager.
Not only is it important to choose the right investments but choosing the right accounting method to treat those investments is critical. As each client’s tax needs are unique, the service provides the ability to nominate a methodology from a range of options which will assist with their tax position.
Clients can in specie securities into and out of the service and between portfolios in most cases without triggering a capital gains tax event.