What is a SMA?

• Assets are owned by you, your Superannuation, Pension, Self-Managed Superannuation Fund or Family Trust via a custodian and administered by a Wrap service on your behalf.

• You are the beneficial owner, but assets are held and administered on your behalf.

• Unlike a Unit Trust, assets in each portfolio are not pooled together.

• Oakleigh Investment Management is an approved Investment Manager with MIML (Macquarie Investment Management Limited).

• As changes are made to each Oakleigh portfolio, these changes are reflected and made for all clients invested in that portfolio simultaneously.

SMA Benefits?

• Transparency – You and your adviser can view all of the underlying securities in your portfolio (which you can’t do in a managed fund).

• Agility – SMAs offer the advantages of dynamic asset allocation, allowing the investment manager to take advantage of emerging opportunities and manage risk for your investment portfolio.

• Lower transaction costs ($5.50 per transaction) – Trades in listed security trades are aggregated, which means an investor is likely to pay lower brokerage than they would pay if trading listed securities directly.

• Tax efficiency – Your tax position is unaffected by other investors. There is also no inherited tax liability, as can occur in a managed fund.

• Convenience – Once you decide on which portfolio option best suits you, the investment manager can manage your investment portfolio and rebalance without having to provide additional advice.

• Administrative ease – SMAs offer comprehensive reporting.

• Portability – You can exit an SMA and transfer shares out, transfer shares between model portfolios and in some cases transfer shares into the SMA.