 MyPAS- Portfolio Administration Service
Portfolio
administration making
your life easier
Times are changing and investment
attitudes are changing too. Generally we are looking to
spend less time on paperwork, but conversely we are also looking to
have more control, and have greater visibility.
Year end is daunting, CGT is time
consuming, corporate activities can make tracking
investments and cost bases a nightmare. DRPs became
less favourable because of CGT complexities.
MyPAS is a state of the art online
portfolio administration system that enables you to hand your accountant the two
reports he needs at year end – your Realised CGT and
your fully categorized Income report - all in the time
it takes you to print them out. You, and your
accountant if you wish, can access your daily updated
portfolio, have instant CGT positions ready for optimal
trading decisions, and almost set and forget your portfolio administration. This is
absolutely the case if we if we load and reconstruct
your holdings for you, act as mail house and manage your
ongoing information.
However if you simply want access to
the system, and to handle the data yourself then it
could not be an easier or more cost effective way of
keeping all your assets in perfect order and keeping
your accounting costs down.
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You can make life easier for
your elderly relatives - keeping track of
paperwork and tax for an independent investor
can become stressful over time. Where geographic
location allows we can assist with a home visit. |
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Join us
in asking ‘why’ about wrap fees
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If you are in the market for a wrap
service it is likely that you are looking for a product
that will:
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simplify your investment
activities
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provide regular reports and online
access
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reduce your exposure to paperwork
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provide a single year end report
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give you flexibility in investment
options
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allow margin lending reporting
For the most part a wrap
product will attract a combination of adviser service
fees, entry fees, administration fees, switching fees,
or management fees. These are almost always based on a
percentage of the amount invested. It is interesting to
note that whilst values are increasing by 8-12% fee
increase each year, these interests are receiving an
8-12% fee increase each
year. You may not write out the cheque to pay them, but
the effect is just the same.
If the convenience of the
wrap product is a lot of the appeal, then a fixed price
MyPAS service is a simple alternative.
What does
MyPAS offer?
A virtual wrap service without the
fees: a low fixed fee alternative which gives you all
the convenience and simplicity of your wrap, in addition
to:
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control;
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total reporting of ASX listed
assets as well as personal assets such as property
and artwork, giving a complete investment picture;
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Instant access to current CGT
positions;
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a personal one-on-one service
provided by a Chartered Accounting firm that
specialises in Portfolio Administration.
You can choose from a 'DIY' approach
where you have direct access to the service with a help
desk and manual to get you up and running, or the more
"set and forget' approach with My PA taking full
paperwork, history reconstruction and reporting
responsibilities. Either way, neither you nor your
accountant will be spending nearly as much time on your
tax reporting each year.
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“The good news about investing
is that – tax issues aside – it isn’t all that
complicated: it is possible for someone with
common sense and diligence, and the right tools,
to do it themselves. Unlike with health care or
– for most people - motor mechanics, you don’t
have to put yourself at the mercy of an
investment industry that charges too much and
often can’t be trusted.
Alan Kohler. The Eureka
Report.” |
Support
Services
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