Aviva launches online SMAs
Aviva Australia’s separately managed accounts (SMA) are available to investors on its Navigator platform from today, the first time, according to the wealth manager, an SMA has been integrated into a platform.
Investors can choose from eight model SMA portfolios on the Navigator platform to suit their objectives, including a blue chip top 20 option.
The model SMA’s are being managed by five fund managers: Ausbil Dexia, Aviva Investors, Goldman Sachs JBWere Asset Management, Perennial Investment Partners and UBS Global Asset Management.
Distribution development manager Stuart Fechner believes SMAs are set to change the way Australians invest in the local share market, providing a simple and transparent solution in the current economic conditions.
They are the “first available to superannuation investors while still meeting the needs of those investors seeking pensions, managing their own self-managed super funds and seeking to build wealth”.
“It is a tax-effective option at a lower cost than managed funds and provides investors with complete transparency, all handled through Aviva’s platform administration.”
“With a managed fund,” he added, “an investor’s money is pooled with everyone else in the fund, meaning he or she may inherit capital gains, but with an SMA this doesn’t happen as institutional investors are treated as the beneficial owner of the shares”.
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