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key featuresSMARTwrap Investments – Key Features

The following is a short summary of the key features of Praemium SMARTwrap Investments.

Choice of managed funds

There are currently more than 650 wholesale managed funds from leading Australian and International managers to choose from.

Præmium SMARTwrap Investments
Account Minimums

Initial Investment: $20,000
Minimum balance: $20,000
Additional lump sum investment: $1,000
Additional regular investment: $100 per month
Lump sum withdrawal $1,000 per withdrawal
Regular withdrawal $100 per month

Cash Account Minimum balance*

$1,000

Account funding

Accounts can be funded with cash, through the transfer of existing units in managed funds or a combination of both.

Regular Investment Plan

Fixed nominated amounts can be invested each month into the Account holdings from the Cash Account.

Regular Withdrawal Plan

Amounts can be transferred on a monthly basis from the Account to the Cash Account.

Online reporting –
white-labelling facility is available

Præmium SMARTwrap Investments offers a wide range of online reports, which can be downloaded by the client or their adviser:

  • Account holdings and transactions
  • Account valuations
  • Asset allocations
  • Performance reports
  • Cash transactions to and from the Cash Account
  • Investment transactions
  • Current tax positions

Further reporting (including consolidated reporting) options are also available for linked V-Wrap investment portfolio(s).

 

Online transactions

Advisers can transact on behalf of their clients online:

  • Initial and additional investments
  • Switches between managed funds
  • Withdrawals

Annual reports

A detailed consolidated tax statement will be available each year.
 
  • Minimise gain
  • Maximise gain
  • FIFO
  • Manual parcel selection

* The current provider for the Cash Account is Bendigo & Adelaide Bank Limited. Cash Account products offered by other providers will be added soon.

 

Disclaimer:
The information provided on this website about Praemium SMARTwrap Investments and the Praemium SMARTwrap Scheme is an overview and has been prepared for use by financial advisers and their staff. Any general advice on this website has been prepared without taking into account the objectives, financial situation or needs of any retail investor. Before acting on the advice, consider its appropriateness and the Praemium SMARTwrap Scheme Product Disclosure Statement (PDS).

The Praemium SMARTwrap Scheme is a financial product issued by Powerwrap Limited ABN 67 129 756 850/AFS Licence 329829. It is not a deposit with or other liability of Praemium Limited (Præmium) or any other company in the Præmium group of companies. It is subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither Praemium nor any of its respective directors, officers, employees, associates or its subsidiaries guarantee or give any assurance in regard to the capital value, income return or performance of any investment offered in the Praemium SMARTwrap Scheme.

AFS Licensees and their Authorised Representatives can obtain a copy of the PDS from http://www.praemium.com.au/Praemium-SMARTwrap-Documents-Forms.html. Retail investors should contact their financial advisers or obtain a copy of the PDS from http://www.praemium.com.au/Praemium-SMARTwrap-Documents-Forms.html.