Introducing Sterling Managed Accounts
Managed Accounts Like a managed fund (and fund of funds) – Managed by a professional, skilled investment team – Manager invests pursuant to their mandate Yet, like a direct equity portfolio – Your clients see their own portfolio of underlying securities – And beneficially own those securities – Giving them their own personal tax position, not a shared tax position Without you having to get client approvals for each trade – No RoAs for each trade And with the industry’s lowest brokerage – 5 bps (minimum brokerage 33 cents!)
About Praemium • Company founded in 2001 • Listed on Australian Stock Exchange (ASX) in ASX Listed 2006 • Independent • Head office in Melbourne, Australia Global • Locations across the UK, Europe, Asia Footprint • Over 170 staff • Wealth management software Fintech • Over 900 wealth management clients covering Company $80 billion in assets
What is Sterling Managed Accounts? Sterling Sterling Sterling Sterling Australian Growth Balanced Conservative Equities Portfolio Portfolio Portfolio Portfolio Model Manager Adviser Investor
What is Sterling Managed Accounts? Sterling Sterling Sterling Australian Conservative Balanced Equities Portfolio Portfolio Portfolio Sterling Growth Portfolio Model Manager
What is Sterling Managed Accounts? Infocus Infocus Global Infocus Cash Infocus Diversified Shares Property Sterling Income Sterling Sterling Australian Balanced Conservative Equities Infocus Infocus Infocus Infocus High Portfolio Portfolio Portfolio Australian Australian Australian growth shares – High shares – small shares - Core Sterling Yield cap Growth Portfolio Infocus Infocus Infocus Infocus Defensive Balanced Conservative Growth Model Manager $1,000,000 Adviser Investor
A typical MIS
A typical MIS
Investor Portal Regulatory threshold
Investor Portal Regulatory threshold
Investor Portal Regulatory threshold
Daily rebalancing 1. Reconciliation/pre-trade checks 2. Rebalance Sterling Growth 3. Netting 4. ASX and MF trades 20% 5. Post actual trades Sterling Growth 6. Update all portfolios Sterling $ $ Balanced
Pricing • Preferential pricing, reflecting a partner relationship. • Enables defensible transfers from existing platform/fund structures. Managed Model Administration Super Accounts Pricing fee First $250,000 0.37% 0.37% $250,001-$500,000 0.25% 0.25% $500,001 - 0.15% 0.15% $1,000,000 .66% $1,000,001 - 0.10% 0.10% $2,000,000 More than 0.05% 0.05% $2,000,000 Fund accounting fee N/A $12 per month
Benefits of managed accounts Managed Managed Direct Shares Accounts Funds ✔ ✔ Tax efficient X ✔ ✔ Transparent X ✔ ✔ Lower brokerage costs X ✔ ✔ Customisable/flexible X ✔ ✔ Access to professional managers X Regulatory threshold ✔ ✔ Beneficial ownership X ✔ ✔ Lower compliance burden X ✔ ✔ Licensee visibility X
Benefits to advisers • Reduces administration – no need for SoAs or RoAs when client portfolios are updated • All client portfolios are in line and accurate – you don’t need to manage this • Outsourcing investment management to a credible, well-resourced expert • Outsourcing administration to an independent, experienced, specialist • Give all clients a consistent outcome – not just for HNWs (inter-generational wealth transfers) • Most importantly: Frees up your time for you to run and build your business
Landing Page
Launch dates Super Non Super LIVE LIVE
The Team • 10 years’ experience with managed accounts; administering $3bn • Named SMA Platform Winner at the inaugural Lonsec Awards in 2014. • Experienced portfolio management capabilities • Excellent track record • Fixed interest specialists • Highly experienced team • Responsible for model management • Responsible for selection of sub-managers
SMSFs and advice The proportion of SMSFs using a financial planner continues to decline
SMSFs – the final frontier • Consolidating all assets of the fund – Managed investments – CMA – Trustee managed shares – Property – Collectibles • Getting Trustee, Adviser and Accountant on the same page • Working from the same data • Seeing what they each want and need to see • Doing what they each need to do
Everything in one place
More information Visit the Sterling landing page for links to all documents: http://www.praemium.com.au/sterling Andrew Varlamos — Commercial Director Email: andrew.varlamos@praemium.com Phone: 03 8622 1222 Jerome Swindon — Relationship Manager Email: Jerome.Swindon@praemium.com Phone: 03 8622 1277 Matt Walsh – Business Development Manager Email: matt.walsh@praemium.com Phone: 03 8622 1259
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