Macquarie Wrap
Over 15 years’ experience with inception in 1999
More than $40 billion in funds under management (FUM) (as at April 2014)
1 in 3 investments with Macquarie Wrap are held within SMSFs (as at April 2014)
Wrap can meet the needs of all clients by offering:
• efficiency
• flexibility
• choice
Macquarie Wrap
A platform to help streamline administration of your clients’ portfolios.
We offer Wrap solutions for investments, super and pensions.
Wrap solution Investment Super and pension
Who it’s for: Individuals, SMSFs, trusts, margin lending and discretionary funds.
Super and pension members. Key benefits: • Investor directed
• Full custodial service included by default (no separate fees)
• Suitable for self managed super funds (SMSFs) providing:
– a central cash hub, the Macquarie Consolidator Cash Account
– visibility and transparency with online access for each client’s accountant – simple reporting for all transactions and
10 years of statements available online • In-specie transfer within existing holdings • Online client access and reporting
• SMSF alternative providing access to managed funds, shares and term deposits
• Complete portability from Accumulator to Consolidator and Manager accounts
• Pension update functionality
• Individual Holder Identification Numbers (HINs) for each account for listed equities
• No trustee or compliance obligations held by the members
• Estate planning features, including non-lapsing death benefit nominations
• Anti-detriment payments
• Transition to retirement (TTR) pensions • In-specie transfer within existing holdings
Choose from our range of investment products:
Accumulator Consolidator Manager
Ideal for growing balances larger portfolios with
diversification concentrated portfolios Minimum balance $5,000 $20,000 ($50,000 for Pension Consolidator) $20,000 ($50,000 for Pension Manager) Insurance options which
seamlessly link to Macquarie Life Easy to port across to other Wrap products
Fees Flat fee Portfolio-based fees (tiered) Holding-based fees
Accounts Investment, super and
SMSF accounts
Investment, super, pension and SMSF accounts
Investment, super, pension and SMSF accounts
Choice of 200 funds 600 funds 600 funds
Separately Managed Accounts (SMA)
Australian listed securities International listed securities (for investment only)
Domestic fixed income (for investment only)
Investment – key features
Key features
Consolidator Manager Accumulator
Pricing
Administrative fee structure Portfolio-based fee (tiered) Holding-based fee Flat fee Administration fees On the first:
$200,000 0.49% pa $980 Amounts between: $200,000 – $500,000 0.32% pa $1,940 $500,000 – $1,000,000 0.12% pa $2,540 $1,000,000 – $2,500,000 0.05% pa $3,290 Amounts above: $2,500,000 0.00% pa Fee cap
Each investment holding balance: $0 - $50,000 0.67% pa Amounts above: $50,000 0.10% pa 0.62% pa on total portfolio balance
Minimum monthly fee $58 $28 $0
Relationship discount on the tiered administration fee
Yes - 10% discount for group Consolidator accounts
No No
Transaction fees (Australian listed securities, managed investments, SMAs and term deposits)
$20.50 $20.50 N/A
Automated transaction fees $0 $0 $0
Brokerage on Australian listed securities through the Authorised Broker (online trading)
0.12%
Min $30 and max $100
0.12%
Min $30 and max $100
N/A
Transaction fees (international listed securities and domestic fixed income)
$50
International listed securities - plus 0.15% brokerage
$50
International listed securities - plus 0.15% brokerage
N/A
SMA access fee $25 per month $25 per month N/A
International listed securities and domestic fixed income access fee
$25 per month $25 per month N/A
Sub-custody fees for international listed securities and domestic fixed income (DFI)
International listed securities - 0.25% per annum
DFI - 0.05% per annum
International listed securities - 0.25% per annum
DFI - 0.05% per annum
N/A
Adviser and dealer fees
Adviser service fee Option to choose from: • Tiered
• Flat dollar
• Percentage • Hybrid Dealer service fee Option to choose from:
• Tiered • Flat dollar
• Percentage • Hybrid
Product minimums
Initial investment and ongoing balance
$20,000 $20,000 $5,000 or
$2,000 with regular deposits
Super and pension – key features
Key features
Consolidator Manager Accumulator
Pricing
Administrative fee structure Portfolio-based fee (tiered) Holding-based fee Flat fee Administration fees On the first:
$200,000 0.59% pa $1,180 Amounts between: $200,000 – $500,000 0.37%pa $2,290 $500,000 – $1,000,000 0.17% pa $3,140 $1,000,000 – $2,500,000 0.05% pa $3,890 Amounts above: $2,500,000 0.00% pa Fee cap
Each investment holding balance: $0 - $50,000 0.77% pa Amounts above: $50,000 0.10%pa 0.72% pa on total portfolio balance
Minimum monthly fee $58
$30.75 - accounts with linked insurance
$0 - transition to retirement (Super account only)
$30.75
$0 - transition to retirement (Super account only)
$0
Relationship discount on the tiered administration fee
Yes - 10% discount for group Consolidator accounts
No No
Transaction fees (Australian listed securities, managed investments, SMAs and term deposits)
$20.50 $20.50 N/A
Transaction fees (international listed securities and domestic fixed income)
N/A N/A N/A
Automated transaction fees $0 $0 $0
Brokerage on Australian listed securities through the Authorised Broker (online trading)
0.12%
Min $30 and max $100
0.12%
Min $30 and max $100
N/A
SMA admin fee $25 per month $25 per month N/A
International securities and domestic fixed income securites admin fee
N/A N/A N/A
Product minimums
Initial investment and ongoing balance
Pension: $50,000
Super: $20,000 or $10,000 with a transition to retirement Pension Consolidator (with min $50,000 balance)
Pension: $50,000
Super: $50,000 or $20,000 with regular contributions
$2,500 with a transition to retirement pension account
$5,000 or $2,000 with regular deposits
Investment | Consolidator account with $1,000,000
This example shows a $1,000,000 portfolio invested for 12 months:
Administration fees With no relationship discount With relationship discount
Administration fees (MIML) on total account On the first $200,000 0.49%pa = $980 On the first $200,000 0.44%pa = $882 From $200,000 - $500,000 0.32%pa = $960 From $200,000 - $500,000 0.29%pa = $864 From $500,000 - $1,000,000 0.12%pa = $600 From $500,000 - $1,000,000 0.11%pa = $540
Total 0.254%pa = $2,540 0.229%pa = $2,286
Super and pension | Consolidator account with $500,000
This example shows a $500,000 account invested for 12 months:
Administration fees With no relationship discount With relationship discount
Administration fees (MIML) on total account On the first $200,000 0.59%pa = $1,180 On the first $200,000 0.53%pa = $1,062 From $200,000 - $500,000 0.37%pa = $1,110 From $200,000 - $500,000 0.33%pa = $999
Total 0.458%pa = $2,290 0.412%pa = $2,061
Super and pension | Consolidator account with $75,000
This example shows a $75,000 account, linked to a Macquarie Life policy, invested for 12 months:
Administration fees With no relationship discount With relationship discount
Administration fees (MIML) on total account $369
(only the $30.75 minimum monthly fee applies)
$369
(only the $30.75 minimum monthly fee applies)
Total $369 $369
* Refer to PDS for full fees and costs
Macquarie Wrap also offers:
Model portfolios – ability to set up and maintain customised portfolios for your clients
Automatic cash and portfolio management tools – with dollar cost averaging, automatic rebalancing and automatic cash management
Third party online access – allows your client to give Wrap access to another authorised party, such as an accountant
Data feed integration into external accounting software
Dealer service fee – as agreed between adviser and client
Client online access – available 24/7 with ClientView Adviser online access – available 24/7 through Macquarie Access and Wrap Online
Reporting available with Wrap: • account details
• portfolio valuation
• cash and investment transactions • order confirmation
• fund commentaries (super and pension) • asset allocation
• fee statement and tax invoices • income and expenses • performance reporting • tax calculations and reports
ADVISER USE ONLY
This information is provided for the use of licensed 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. This document is current as at <April 2014> and is issued by Macquarie Investment Management Limited ABN 66 002 867 003 AFSL 237 492 RSEL L0001281 (MIML). MIML is the operator of Macquarie Investment Manager, Macquarie Investment Consolidator and Macquarie Investment Accumulator. MIML is also the trustee of Macquarie Super and Pension Manager, Macquarie Term Allocated Pension Manager, Macquarie Super and Pension Consolidator, and Macquarie Super Accumulator, part of the Macquarie Superannuation Plan R1004496 (Funds). In deciding whether to acquire or continue to hold an investment you should consider the current offer documents available from us.
Investments in the Funds, other than cash deposits with Macquarie Bank Limited ABN 46 008 583 542 are not deposits with or other liabilities of Macquarie Bank Limited or of any Macquarie Group company, and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. Neither Macquarie Bank Limited, MIML, Macquarie Life Limited ABN 56 003 963 773 AFSL 237497, nor any other member company of the Macquarie Group guarantees the performance of the Funds or the repayment of capital from the Funds or any particular rate of return of the investments purchased through the Funds.
Sample case studies are purely hypothetical and are not actual or potential returns, estimates, projections or forecasts for investments. The taxation consequences for an investor will depend on the investor’s individual circumstances. The case study and examples are included for illustrative purposes and prepared without taking account of any potential investor’s personal objectives, financial situation or needs. Any strategy discussed represents our analysis only and are based on certain assumptions. The assumptions may have a material effect on returns. The actual performance of investments depends on future economic conditions, investment management and future taxation.
