The Burrell SMA product provides you with a professionally managed model investment portfolio similar to a managed fund. However unlike a managed fund, you are the beneficial owner of all underlying securities in your portfolio. You can also review the performance of each security via your online account, 24 hours a day, 7 days a week.
What is a Separately Managed Account (SMA)?
The Burrell Separately Managed Account (SMA) is an investment platform that gives you a professionally managed portfolio of shares and other listed securities.
Your portfolio can be held either inside or outside of your superannuation. Because of the way the SMA is structured you do not have the administration burden associated with the direct investing. You have much more portfolio transparency than if you were to invest via managed funds.
How does it work?
Burrell has designed a number of model portfolios to suit an investor's risk profile. The models provide flexible access to a diversified mix of investment assets, and can also be used as part of an investment solution to facilitate diversification to existing investment portfolios at a lower cost.
Once invested, you will be able to see the shares and other securities that you hold, and access via the internet up-to-date reports on your portfolio. You will be able to view your portfolio performance and valuations, review your dividends and associated franking credit, and see all investment trades and any fees and costs. This information is available to you 24 hours a day, 7 days a week for your convenience.
Things you should know
Who manages my investments?
Your investments will be managed by Burrell as a professional investment manager with independent research from a team of analysts to monitor and research investment markets. Burrell will filter the available information to select the investments that best meet the objectives of the model portfolio as described in the Product Disclosure Statement.
Where does an SMA invest your funds?
The Burrell SMA has models that may invest in the following classes of assets:
Who actually owns the investments?
You (or the trustee of your superannuation fund) are the beneficial owner of the underlying securities/investments. This means that on your sign you receive the dividends and any franking credits from the underlying securities that make up your portfolio.
How are my returns paid?
Your dividends and other returns will be paid into your account. When your adviser helps you set up your account you can choose to take the dividends as cash or to reinvest them into your portfolio. If you can elect to reinvest, additional shares will be purchased on your behalf and added to your portfolio in accordance with the market.