Directly Held Investment Portfolio

Most Australians have all their wealth tied up in their family home and Superannuation. For a fortunate few, wealth outside the family home and Superannuation can be considerable.

The responsibility you carry to manage these assets wisely should not be underestimated. Not just for your own future well-being but potentially for the generations coming who could benefit as well. LifeTime Financial Group recognises the gravity of this responsibility and to that end has developed a Directly Held Investment Portfolio service that is both accountable and auditable and is professionally managed on an ongoing basis.

What is a Directly Held Investment Portfolio?

It is a portfolio of investments held in either a personal name/s or via a trust arrangement.

How does LifeTime Financial Group manage your investments?

To facilitate accurate reporting, we use an internal wrap platform that allows us to manage and report on a very broad range of assets including equities, direct property you already own, exchange traded funds, preference shares/hybrid fixed interest investments, term deposit arrangements and a cash management account. It is important to note all assets are physically held in the name of the entity rather than as Custodian. This means the assets are yours (Or the entity) and yours only.

Whilst these funds in the cash management account are yours, we insist that all transactions are managed by LifeTime Financial Group through the cash management account established specifically for managing your overall position. This ensures all transactions are accurate and accounted for.

There is a range of transactions occurring in the cash management account on an ongoing basis. Dividends been paid in, our fees been drawn, additional funds invested or withdrawn as directed by you etc.

Preparing and filing minutes whenever a decision is made ensures all transactions are both approved and understood.

Regular monthly reporting of both your holdings and the cash management account ensure you are always uptodate. You are also able to access the information on-line at any time to view all assets.

To assist with the preparation of an accurate and timely tax return, we produce an export file for your accountant to import all relevant information.

How much will this cost me?

The simple answer is less than you think.

Whilst most platforms charge a fee based on a percentage of Funds under management, LifeTime Financial Group offers a highly competitive fee structure for ongoing management of and reporting on your investments. Our fees are often less than half of what a wrap platform will charge.

There is also an ongoing advice and guidance fee. You may have come across an adviser service fee if you have used the services of a planner in the past. These are generally set at 1.1% of Funds under management by most advisors rather than on the work anticipated. Again, our costs are based on reasonable time expectations.

Our overall cost structure (Ongoing advice and Ongoing management of the funds) is often less than half of what a retail or wholesale platform charges. In most cases, our ongoing fees are also deductible making them even more competitive.

There are also fees associated with our initial advice. These range dependant on need but the following is a fair summary of same.

In the normal course of becoming a client of LifeTime Financial Group, you would expect to fund the following fees;

  • Prices range from $1,895 for a single strategy through to $12,100 for the most complex of strategies.
  • Research into your personal circumstances, and development of a strategy suitable to your needs taking into account your appetite for risk and a range of other factors
  • Preparation of your formal advice documentation Implementation of the recommendations is more difficult to illustrate as this could involve trust deeds and Sole Purpose Trustee Company for Self-Managed Superannuation...
  • Depending on complexity, this could be between $1,540 and upwards of $8,800. We will be able to provide an accurate idea of the costs of this aspect at the time of us meeting and better understanding your needs.
  • Brokerage costs will also apply. Again, this isn't easily quantifiable at this time for obvious reasons. We note for the record that Brokers will charge between 1.1% and 1.65% with some charging significantly more. We keep our costs well below 1.1%

Your own ongoing advice and guidance requirements will determine if you need this service. We do note clients who take up this service benefit significantly. Both in terms of performance but also in developing a better understanding of what it is they are invested in and the thought processes supporting our recommendations.

Why not call us today?

We would welcome the opportunity to meet with you and our initial meeting is at no cost or obligation. This initial meeting is an ideal time for us to get to know each other. After all, it is important we both feel comfortable and confident given we could be working together for quite a long time.