Shaw and Partners today launched a new managed account solution, incorporating two Investment Models, giving clients greater choice, transparency and increased control over their investments.
The managed account solution is being offered through a partnership with Praemium, giving Shaw and Partners’ clients access to a professionally managed portfolio of investments over which they retain beneficial ownership.
Shaw and Partners Head of Private Wealth, Earl Evans, said a desire to offer a full suite of products and services to Shaw and Partners’ clients had been the driver behind this decision.
“The ability of our clients to have full transparency over their investments and their tax position, with a fully automated reporting function is a major attraction for these products,” Mr Evans said.
Praemium Australia General Manager, Anna Itsiopoulos, said: “Praemium is excited to be working with Shaw and Partners, an independently owned and progressive broking firm. This partnership highlights the use of Managed Accounts as an increasingly attractive solution for advisers who wish to offer their clients a more efficient way to manage and connect with their investment portfolios.”
At the time of writing, Shaw and Partners had launched two separate investment model portfolio options with the rollout of their SMA platform. The first actively managed portfolio consists of Australian Equities. It is geared towards investors with a moderate risk appetite, looking to invest over a medium to long term horizon. The second model portfolio amalgamates ASX listed debt and preference securities; suitable for investors with a conservative investment strategy, seeking surety around income stream.
“We are cognisant of our clients’ differing appetites for risk. Accordingly, we are continuing to build on our offering of managed account growth option portfolios to include international equities, emerging markets and small cap portfolios,” Mr Evans said.
The new managed account solution builds on the $2 billion of assets that Shaw and Partners already hold on the Praemium platform, a percentage of the $10 billion in funds under advice that Shaw and Partners manage for its clients.
“An SMA allows our advisers to deliver portfolio management to their clients in a more efficient way and at a lower cost than the traditional broking model. Providing an holistic and comprehensive client experience is Shaw and Partners’ primary aim and we will continue to partner with strong and reputable firms to ensure we continue to meet our clients’ and our advisers’ needs.”
