Private Wealth Management

Individually Managed Accounts

Private Wealth Management

We offer clients a full-service wealth management solution, fully managed and administered by Leyland Private Asset Management. Our investment specialists invest for clients across asset classes, both locally and internationally. Applying a proven long-term approach to investing provides clients with peace of mind that their wealth will compound successfully over time.

We pride ourselves in managing portfolios that reflect the investment objectives of our individual clients. This means that your portfolio holdings are appropriate and proportionate to your goals. We invest time upfront with you to align on an approach. From there, our experienced investment specialists responsibly implement the agreed upon investment mandate over time.

Private Wealth Management

Security and transparency

Clients have real-time access to their portfolios through our comprehensive reporting platform.

Importantly, clients receive all the benefits of share ownership, including voting rights, dividends, franking credits, rights issues and share buy-backs. Investments are held directly by the client ensuring that the assets are fully protected.

Administration

All administration associated with the portfolio is managed by Leyland Private Asset Management.

Open Communication

We believe in open and transparent communication. In addition to real-time access to their portfolio, clients are free to contact their designated investment specialist as and when desired.

Comparison

The table below outlines the difference between IMA’s and alternative forms of managed investments.

Feature Managed Funds LICs ETFs SMAs Leyland Wealth Mgmt Account
Tailored management No No No No Yes
Direct access to portfolio manager No No No No Yes
Personalised corporate actions No No No No Yes
Transparency No No Index Yes Yes
Input into investment decisions No No No No Yes
Tax Efficiency Poor Moderate Good Good Excellent
Portability None None None Good Excellent
Direct ownership of underlying securities No No No Yes No
Embedded tax Liability Yes Yes No No No
Capital losses applied to Future gains within structure Future gains within structure Future gains within structure Any current or future gains Any current or future gains

Frequently Asked Questions

Managed Fund/Unit Trust

  • You may be forced to accept the consequences of undistributed realised and unrealised gains.
  • As a new unit holder, you also risk receiving back a proportion of your capital as a taxable distribution.
  • You own units in a ‘pool’.
  • Unit trusts generally distribute realised gains and income every six months. Distributions tend to be unpredictable from period to period.
  • Report six monthly and provide very basic information on activity and holdings.
  • No control over investment decisions whatsoever.
  • Some trusts will pass the cost of travel, meetings, accountants, auditors and lawyers on to you as ‘recoverable expenses’.

LPAM Individually Managed Account (IMA)

  • You can commence your investment with a brand new portfolio of shares and the tax consequences only relate to you.
  • You directly own your underlying assets.
  • Your income is directly correlated to the dividend stream of the shares you own.
  • Through LPAM’s website you have online daily access to your portfolio.
  • You receive a contract note each time a share transaction is executed on your behalf.
  • You receive quarterly financial reports and all transactions are summarised at the end of the year for tax purposes. An updated financial report can also be requested at any time.
  • You have ultimate control over your own portfolio.
  • All transaction and administration costs are absorbed by LPAM. The only cost to you is the management fee charged per quarter

Benefit to client

  • You own the portfolio.
  • You have greater tax and investment flexibility.
  • You enjoy complete transparency with regard to income.
  • You enjoy complete transparency, comprehensive reporting for tax purposes and personal ownership.
  • You can send instructions at any time to ‘sell the lot’.
  • The simple flat fee structure means a greater proportion of investment performance is passed on to you.

Any entity that is legally able to own Australian shares can invest via an Wealth Management Account?. This includes individuals, companies, family trusts, self-managed super funds, not-for-profit organisations and charitable foundations.

Leyland Private Asset Management takes care of all the administration requirements. We also provide you and your accountant (if requested) with regular detailed financial reports.

Yes. You can start your Wealth Management Account with cash and/or existing shares.

You will be provided with an online password so you can see your position at any time. In addition, you will receive a detailed financial report each quarter which includes all the trades undertaken and a current portfolio position, including any cash balances, realised and unrealised gains or losses and dividends received. You may also request an updated financial report from your investment manager at any time.

Each time a share transaction is executed you will receive a contract note which outlines which shares have been purchased or sold on your behalf and at what price.

Yes. Your investment manager will take care of any corporate offers such as rights issues, takeover offers, option exercise notices and voting.

Yes. Leyland Private Asset Management has access to new floats. The decision whether to invest in any float will depend on the quality of the investment and the client’s investment strategy.

Your shares are always owned by you and registered in your name.

Shares are held on CHESS (Clearing House Electronic Subregister System) which is administered by the Australian Stock Exchange.

Legal title is electronically registered and is similar to a bank account. More information can be obtained from the ASX website http://www.asx.com.au/investor/shares/how/chess_holdings.htm

Investment returns will vary due to the objectives and parameters specified by each individual client. For instance, a client wanting a low risk, high income portfolio will have a significantly different risk/return profile to a client seeking capital growth at a medium risk. 

Historically the Australian share market has grown at approximately 12% per annum. Our aim is to out-perform this long term average

by 3-8%, providing long term gains of 15-20%.

As different returns are related to different investment strategies it is important to have a detailed discussion with Leyland Private Asset Management about your personal requirements and risk tolerance.

Past performance should not be used as a guide to future performance.

Our all encompassing quarterly fee is calculated as a percentage of the portfolio, depending upon size and specific requirements.

There are no entry or exit fees when you invest in a Wealth Management Account.

No. All the brokerage costs are absorbed by Leyland Private Asset Management.

Investors with an IMA are charged one simple fee at the beginning of each quarter. There are no additional charges.

Direct Share Ownership

Investors receive all the benefits of direct share ownership, including voting rights, dividends, franking credits, rights issues and share buy-backs.

Administration

All administration associated with the portfolio is managed by Leyland Private Asset Management.

Transparency

Comprehensive, yet straightforward online reporting allows clients to view their investments & performance in real time.

Private Wealth Mgmt Accounts are only available for clients who qualify as wholesale for the purposes of section 761G of the Corporations Act 2001 (Cth).

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