Compare Managed Accounts

Not all managed accounts are the same!

While managed accounts have been around since the mid-nineties, they have really only caught on in recent years as an alternative to managed funds.

Indeed, unlike managed funds, investing in a managed account allows investors to have complete visibility of the investments held in their portfolio.

MManaged accounts, in particular, individually managed accounts, and separately managed accounts offer many advantages over managed funds, as outlined in the Table below. That said, not all managed accounts are the same, although some would have you believe otherwise!

When describing managed accounts, they are often referred to as individually managed accounts (IMA), separately managed accounts (SMA) or managed discretionary accounts (MDA).

We take a look at the options below and compare these managed accounts for you.

Feature	IMA	SMA	MDA	Managed Funds
Professional fund management
Portfolio constructed from the time you invest		-	-	-
Customised portfolio construction		-	-	-
Client retains beneficial ownership				-
Minimises portfolio rebalancing		-	-	-
Internally geared mandates		-	-	-
Fees tailored to investments		-	-	-
Access via a Product Disclosure Statement			-
Low minimum investment			-
Corporate actions administered
Tax reporting
Transparency				-
Ability to view underlying shares				-
In specie transfers				-
Avoid embedded capital gains tax				-
Netting of transactions			-	-
Exclude stocks from portfolio				-
Tax efficiencies				-

Maximise your returns by investing in individually managed accounts

In selecting investments to buy and sell, Wealth Within focus on securities within the S&P/ASX 300 (depending on the investment strategy you select) which our research and investment team believe can deliver strong returns over the medium to long term.

This strategy is based on our philosophy which combines 'timing the market' with 'time in the market' to seek to maximise the return on your investments.

The benefit to you is that you will not be buying into an existing and what may be a less relevant and less timely portfolio.

As an individually managed account provider, Wealth Within actively manages your investments to work towards eliminating the shares that continue to underperform and, consequently, impact on the potential performance of your overall portfolio return.

If you understand this, then the only real question to ask yourself is:

Would I prefer my investments to be timed into and out of the market, eliminating the non-performing periods when the market trends down or sideways or would I prefer to be fully invested no matter what the market condition?

Usually only reserved for sophisticated investors with $500,000 or more to invest, the Direct Equity Individually Managed Account Service now enables retail investors to tap into the benefits of individually managed accounts. With an investment from as little as $100,000, you now have a real alternative to investing in managed accounts.