The FPWS Managed Account enables you to invest in share portfolios designed to achieve specific objectives and Personal Investment Portfolios that enable you to customise your Portfolio. All Portfolio Mandates are professionally managed by investment managers.

Investment Managers

FPWS offer a range of professional Investment Managers to construct and manage the FPWS Managed Account portfolio mandates ("mandates"). These investment managers have the experience, reputation and skills to select shares across a variety of styles and assets.

Choosing a professionally managed portfolio mandate

Portfolio Mandates are professionally managed in accordance with a Portfolio Mandate profile. Most are designed to achieve different investment objectives and a different balance between income, growth and tax effectiveness. Each investment manager provides the initial investment selection and subsequent changes for their mandates, together with the allocations by percentage in each. OneVue is responsible for the implementation of all Portfolio Mandates.

You and your adviser may suggest one or more Portfolio Mandates to meet your own particular objectives as part of your overall financial plan.

Important: From time to time new Portfolio Mandates and investment managers will be added. You can find this information on our website - www.fpws.com.au.

Personal Investment Portfolios (PIS) 

Personal Investment Portfolios enable us to administer your 'locked' shares and consequently do not participate in rebalancing. All holdings in a Personal Investment Portfolio remain 'locked' until we receive an instruction to sell them.

Note: You must maintain 2% cash in your Personal Investment Portfolio. If the cash in your Personal Investment Portfolio falls below 2%, you and your adviser will need to decide which parcels to unlock and sell to restore cash. Alternatively you can make a cash deposit.

IMPORTANT

· We retain discretion to sell a locked holding if the cash in your Personal Investment Portfolio falls below 2%.

· At any time you or your adviser may purchase ASX-listed shares by completing a Listed Security Transaction Form. These share investments will be purchased using the cash available from your Personal Investment Portfolio.

See details in the application at the back of PDS document.