Perpetual and Mainstream offer SMAs

Mainstream Group’s separately managed account (SMA) has become fully operational and seen initial commitments from clients in excess of $150 million since May.

This followed the earlier appointment of Perpetual Corporate Trust as the responsible entity (RE) of global fund administrator Mainstream Group’s Separately Managed Account.

According to Mainstream’s chief executive, Martin Smith, the company administered funds for 110 Australian fund managers with more than $90 billion assets under management.

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“The SMA offers our clients with the infrastructure to provide retail investors with actively managed, tax optimised products typically reserved for high net wealth investors. The SMA forms part of our investment in digital services,” he said.

“Benefits of the SMA platform include integrated reporting, operational efficiency, asset transparency and improved financial outcomes.

“Clients investing through the SMA can access institutional brokerage rates that would usually be unavailable to retail clients. This can produce substantial savings in brokerage over time. Furthermore, pooling of client trades helps avoid minimum brokerage charges on smaller accounts.”

One of the foundation clients of Mainstream’s SMA platform was investment advice provider Rivkin Securities.




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