Macquarie Managed Portfolio Service
Overview
The Macquarie Managed Portfolio Service (MPS) is a registered managed investment scheme that allows clients to have a portfolio of investments managed by us according to a defined investment strategy, commonly referred to as a Separately Managed Account (SMA).
The MPS gives your client access to a professionally managed portfolio of investments, without the inefficiencies of a conventional (unit trust) managed fund structure or the hassles of direct ownership.
Through the Macquarie Portfolio Management Service your client can:
- choose one Model Portfolio or a combination of Model Portfolios from a selection of investment managers and strategies to suit their investment needs
- fund their account with cash or a transfer of existing ASX listed securities, without triggering a capital gains tax liability (where the securities form part of the Model Portfolio), where there is no change of beneficial ownership
- view their account holdings and transactions online
- set up a regular withdrawal plan to receive monthly payments from their account
- upon closing their account, transfer security holdings to their name without triggering a capital gains tax liability (where there is no change of beneficial ownership).
Client benefits
- Choice of 23 Model Portfolios, from eight professional Investment Managers, across the major asset classes.
- Accounts can be funded by cash, transfer of an existing portfolio of ASX listed securities, a margin loan, or a combination of these.
-
Online reporting, allowing you to view Account holdings and transactions:
- separately by Portfolio, or
- in aggregate (all Portfolios combined).
-
Quarterly reports showing for each portfolio:
- commentary from the Investment Manager
- a summary of portfolio activity
- performance of the portfolio
- details of holdings
- a list of cash and investment transactions
- dividends/distributions
- asset allocation
- GST tax invoice (where applicable).
- An annual report to assist your client with their tax return.
-
Choice of tax accounting method:
- minimise gain
- maximise gain
- First In First Out (FIFO).
- Regular investment plan to make recurring contributions to the account.
- Regular withdrawal plan to transfer monthly payments from the Account to your nominated financial institution.
-
If your client closes the account, they have a choice of:
- having their holdings sold, and the cash proceeds sent to them or their margin lender
- having their holdings transferred to their name, without triggering a capital gains tax liability
- a combination of the above.
-
Minimum balances:
- $100,000 per account
- $50,000 per portfolio ($100,000 per portfolio for multi-asset class investment options).