Our Offerings

Our Offerings

Elston SMA – Model Portfolios

 

Fact Sheets

Hub 24*

Macquarie Wrap*

Netwealth

Australian Equities model

June 2017

High Growth (Aggressive) model

June 2017

Growth model

June 2017

Balanced model

June 2017

Moderate model

June 2017

Conservative model

*Both Super and Non Super models available

HUB24 Performance Comparison

Elston offers 2 main types of managed accounts; Individually Managed Accounts (IMA) and Separately Managed Accounts (SMA). The managed account structure is highly desirable as it provides:

  • legal ownership
  • control
  • transparency
  • portability
  • tax efficiency
  • customisation

The Elston IMA is designed for investors who require direct beneficial and legal ownership of their assets, however still seek professional investment management and portfolio administration. This allows for true after-tax management of assets so the full benefits of strategic tax and planning advice can be realised.

The Elston SMA is designed for investors who require custodial services for their account such as administration, investment management and custody services, yet still want the flexibility and transparency of direct share ownership.

 UnitisedSMAIMA
Individual portfolio constructionNoNoYes
CustomisableNoLimitedYes
Direct legal and beneficial ownershipNoNoYes
Are individual trades possible?NoNoYes
Individual tax managementNoPartialYes
Trade executionN/AAt marketManaged
Corporate actions managedBy fundBy modelIndividually
Manager contactNoLimitedYes
Integrate/segregate existing holdingsNoLimitedYes

After-tax investing (managing for after-tax outcomes)

Elston offers integrated after-tax management for each of our investment strategies. For example, all of our customised IMA portfolios are managed on an after-tax basis. After-tax investing can be a source of returns to clients called ‘tax alpha’ and is particularly important investing into direct assets. Our managed account platform is well suited to efficiently managing tax within client portfolios. Not only can we increase after-tax investment returns, we can manage specific after tax outcomes based on parcel based matching.

Our investment process may a number of techniques to deal with taxes:

  • Forecasting franking credits and recognising their value based on a clients’ tax rate
  • Recognising CGT in the pre and post trade compliance process
  • Measuring portfolio returns on a before and after-franking credit basis
  • Managing holding period with respect to the ‘less than 12 month rule’
  • Participating in off-market buybacks
  • Awareness and understanding of CGT transitional rules

To an extent we can also enhance after tax outcomes at a model level for SMA’s, for example, through security selection and by controlling the timing of execution.

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