An SMA is an investment portfolio run by an investment manager who overlooks and implements the investment strategy set out by your financial adviser. With a range of benefits including transparency, efficiency, and choice, SMAs can offer an ideal solution for you and your clients.
“As a flexible investment option, managed accounts provide advisers with increased efficiencies and transparent portfolios for their clients.”
SMAs can offer lower management, custody, and execution costs than retail broking fees.
SMAs can offer dynamic asset allocation, allowing investment managers to take advantage of emerging opportunities and manage risk with the ability to move in and out of asset classes quickly.
You can view underlying securities held and in changing markets, you can track the performance of individual holdings.
SMAs can provide tax benefits as the tax positions for direct equities are the client's.
SMAs can be tailored to suit your clients ’individual needs’.
Your client will beneficially own all underlying holdings within a SMA, enabling the ability to move them in and out of the portfolio.
The benefit applies to direct investors. For indirect investors, they’ll need to make enquiries with their financial adviser.
Outsourcing investment decisions can free up your time to focus on better conversations with clients.
Advisers who implement SMAs on average, save an estimated 17.1 hours per week**According to Investment Trends – Managed Accounts Report March 2023
Choose from over 63 established investment managers, with a range of almost 400 portfolios and proven track records of delivering client outcomes.
Have complete visibility of all assets in your clients’ portfolio and monitor their performance.
Take advantage of a dedicated team to manage the day-to-day portfolio administration, allowing you to spend time more time with your clients and business.
Allow the administration to be actioned on your behalf, reducing the time spent to implement.
With nearly 400 models across 63 managers1, you can buy approved SMAS via the Macquarie Wrap platform and take advantage of our dedicated investment managers who manage the portfolios on your behalf so you can spend more time with your clients and business.
If you already have investment management capability backed by a robust strategy, set of controls and methodologies, you may be able to build or bring your own SMA to our platform.
When building with us, you can use your own Responsible Entity (RE) structure, or appoint Macquarie as the RE, to keep full control of the investment solution.
If you have some, but not all the capability to build your own SMA, we recommend looking at our ‘Partner’ option.
Jointly manage your SMA model by sharing the responsibility with an experienced and qualified partner. This means you can hold onto some of the responsibilities and leave the rest to a specialist team who will set the investment strategy and decisions.
View our offer documents to learn more about the Macquarie managed accounts offering.
View our separately managed accounts Target Market Determination (TMD).
Please visit Adviser Help Centre to read more about separately managed accounts.
Unless stated otherwise, this information has been prepared by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML). It is provided for the use of licensed and accredited brokers and financial advisers only. In no circumstances is it to be used by a potential client for the purposes of making a decision about a financial product or class of products.
The Macquarie Wrap products referred to on this page are issued by MIML. This information doesn’t take into account individual needs or financial situations - consider our Product Disclosure Statement (or other applicable offer document(s)) available on the Macquarie website, to decide if our products are right for you and whether you should acquire or continue to hold a product.
The Macquarie Separately Managed Account is issued by Macquarie Investment Services Limited ABN 73 071 745 401, AFSL 237495 (MISL).
Funds invested on your behalf by MIML are not deposits with or other liabilities of Macquarie Bank Limited or any other entity of the Macquarie Group and are subject to investment risk, including possible delays in repayment and loss of income and capital invested. None of Macquarie Bank Limited, MIML, or any other member of the Macquarie Group guarantees any particular rate of return or the performance of the investments, nor do they guarantee the repayment of capital.
Current as at 1 February 2021.