You can now better tailor your client’s SMA by accommodating for unique personal preferences with SMA Customisations.
A ‘do not hold’ feature is now available, enabling clients to personalise their security selections within an SMA by preventing the purchase of particular securities and selling down any existing holdings in them. Customisations can be made to securities and sectors that are available for investment through an SMA.
Who may benefit from this?
SMA Customisations are particularly useful for charities, endowments, individuals and directors who may:
- have a strong preference to avoid investments in securities or sectors that are not aligned with the values of an organisation or individual e.g. avoidance of gaming, alcohol and tobacco industries
- be unable to hold a specific security due to a directorship or board position
- want to better coordinate their SMAs with existing investments.
How is an SMA Customisation applied?
When an SMA Customisation is made, it will be applied to all new and existing SMAs purchased for a client’s Macquarie Wrap account. This removes the manual process of having to re-apply the SMA Customisation for each individual SMA within the same Macquarie Wrap account.
The SMA Customisation will come into effect shortly after it is applied and remain in place until you remove it.
Watch the tutorial below to see how to set up a new SMA Customisation
We’re committed to supporting managed accounts through Macquarie Wrap and there has been significant investment into our SMA offering to support advisers with implementing SMA strategies.
The ability to customise SMAs on Macquarie Wrap was requested by a number of advisers, and we’re pleased to deliver the ‘do not hold’ enhancement to you for the benefit of your clients and to enable their preferred investment approach.
To learn more about using managed accounts with Macquarie, visit our managed accounts page or contact us.