specialised portfolio & administration services

Please note: our new phone number is 02 6558 7402

 


 

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.

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.

     

Join us in asking ‘why’ about wrap fees

 

“Read what Alan Kohler has to say about Wrap products and their alternatives” PDF 735kb

If you are in the market for a wrap service it is likely that you are looking for a product that will:

  • simplify your investment activities

  • provide regular reports and online access

  • reduce your exposure to paperwork

  • provide a single year end report

  • give you flexibility in investment options

  • 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:

  • control;

  • total reporting of ASX listed assets as well as personal assets such as property and artwork, giving a complete investment picture;

  • Instant access to current CGT positions;

  • 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.

“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

  • Help desk

  • Dedicated consultant

  • Downloadable manual

  • Context specific on line help

© 2006 My PA Services Pty Ltd
my pas
is a Division of My P.A Services Pty Ltd  www. mypa.com.au  ACN 111 914 222

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