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SMSF practitioners favour SMAs for clients, report finds

By Reporter
30 April 2015 — 1 minute read

A report from JBWere and Investment Trends has found that more than half of advisers who use separately managed accounts (SMAs) believe they are more appropriate for their SMSF clients than investing directly in equities.

When asked why they recommend SMAs to clients, 46 per cent of advisers indicated that SMAs allow clients to see the underlying shares in the portfolio.

Forty-five per cent said SMAs were less of an administrative burden than direct shares and 42 per cent said SMAs were an efficient way to access professional funds management.


“It’s pleasing to see advisers beginning to recognise that SMAs offer the ‘best of both worlds’ in terms of providing the efficiency and expertise of professional funds management, as well as the transparency of a direct equity portfolio,” said Andrew Tracy, executive director and manager of financial intermediaries at JBWere.

“This is especially important for SMSF clients, who generally value transparency and control of their investments, but are also looking for assistance on the management and reporting side,” he added.

However, barriers to SMA use include their not being available on platforms, with upwards of 20 per cent of advisers who currently recommend SMAs saying they were not available on their investment platform.

SMSF practitioners favour SMAs for clients, report finds
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