Yellow Brick Road (YBR) has announced the launch of the accounts, which it says will allow investors to put their money across one or more available investment portfolios, such as managed funds, ETFs, direct equities and property. The company said the SMAs carried a minimum investment of $25,000, compared to similar products with entry level investments of more than $100,000.
“Building SMAs with a lower entry point into our investment product offering is another pillar to our approach to bring quality advice to more Australians. We are always looking at how we can lower the costs and improve the results for those still working and striving to get ahead," YBR chief executive Matt Lawler said.
The 10 SMAs are available for both super and ordinary savings, and five utilise a combination of active and passive managements while five utilise only passive management at a lower cost. All 10 provide active asset allocation and regular rebalancing.
A franchise wealth management group has launched 10 new Separately Managed Accounts (SMAs).