Separately Managed Accounts (SMA) Setup & Use

Separately Managed Accounts (SMAs) are where securities are owned by the client but are managed by an investment professional. SMAs are usually a non-unitized registered Managed Investment Scheme, governed by a constitution and a Product Disclosure Statement (PDS). SMAs are constructed on a 'model portfolio' basis by an investment professional and any changes in the model portfolios will result in corresponding changes to the client’s portfolios. 
 
In AdviserLogic, SMAs are shown as invested in platform with their specific costs and asset allocations.   

To setup a SMA, go into the Digital Advice Module and follow below steps: 

  1. Click on Digital Advice Settings.
  2. Go to General Settings >> SMA setup and click on the blue Setup/Change button.



  3. On the SMA Setup screen, search and then select the SMA manager by clicking on the checkbox on the right side of the SMA manager name and then click on Next.



  4. Select a platform to invest your SMAs in and then click Next to proceed.



  5. You will see the available SMAs for all the SMA managers you have selected. Under each SMA, you will see the platforms you have selected in the previous step with the Investment Fees and Cost prepopulating the information captured in our in-house database and provided by the fund managers: 

Note: Investment fees and costs can be edited manually and reset to defaults if the users want. Currently, we are providing fees for the following providers:  

A. BT Panorama 
B. Macquarie e-Wrap 
C. HUB24 
D. Netwealth

E. Praemium

 

Applying SMA in Strategies for recommendationThe SMAs that you have set up can be found under the Model Portfolio/SMA drop-down 

Steps: 

  1. Go to Digital Advice >> Scenarios (e.g., create new Buy/Sell Investment strategy) 
  2. Sell the Assets. 
  3. Add new Asset and select your SMA from the Model Portfolio/SMA dropdown.


  4. Once selected, a box will open to show the platform along with the Investment Fees and Costs (%) you set up previously. Click on Save. 

 

Note 1These SMA setups are available at the Practice level. Any modifications to the SMA & the fees associated with them will apply to the entire practice when you press save. 

Note 2: The SMA managers and platforms appear alphabetically except for Morningstar SMAs, which by default will appear at the top, and currently, there are 142 SMAs available. At present, we are not able to cater to Implemented Portfolios (SMAs).

 

 

 

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