FPWS Managed Account Service will provide the only single point of entry, fully integrated Managed Account solution for you and / or your clients.
FPWS Managed Accounts can be fully integrated with your current investment portfolio overcoming a shortcoming of a number of available Managed Account services. This integration allows FPWS to provide superior efficiency for you and / or your clients.FPWS see the market moving into SMAs and away from Platforms. SMAs within platforms and the future developmentThe market has seen a gradual move away from traditional retail funds, wraps, managed funds over the past few years.
Clients are now seeking an alternative to traditional managed funds that allows them to increase their after tax returns while still giving them exposure to specific asset classes.The current state of the Managed Account market is illustrated below: Why we see SMA's as the future!!
Majority of market
FPWS Managed Account
Cumbersome and labour intensive for advisers
Simple & quick for advisers to set up portfolios
Model portfolios operating outside of other investment management platforms (Wrap)
SMA Models fully integrated into holistic reporting service
Multiple Statements of Advice (SOA) required and follow up required
Single Statement of Advice required for financial plan without ongoing advice with rebalancing within model portfolios
Unknown risk for dealer groups
Compliant equity trading framework for dealer groups
The future state is easy for advisers to use, transparent and a powerful differentiator for both Dealer Groups and Advisers.
FPWS SMA
No auto rebalancing
Automatic rebalancing
No tax optimisation or tax loss harvesting
Built-in tax optimisation & tax loss harvesting
Corporate actions handled individually
Corporate actions handled centrally at mandate level with ability for tailoring
Brokerage/Transaction costs high
Trade aggregation/netting reduces brokerage costs