Investor Login
Frequently Asked
Questions
How much do you charge for initial consultations?
Provided you meet our minimum requirements for advice, our initial consultations are free.
You can book a meeting with Luke here.
Can you help me with my existing investment portfolio?
Yes, provided you meet our minimum requirements for advice.
Do you only invest in Australian Shares?
No.
Our range of Separately Managed Accounts (SMA)’s invest across:
- Australian Equities
- Global Equities
- Fixed Income
- Property, Infrastructure and other real assets
- Alternative Assets, Hedge Funds/Absolute Return Strategies
- Private Equity
- Private Credit
Seneca Investment Advice clients have access to these, and a wide range of other opportunities via the Praemium SMA platform.
What documents are required to open an account?
Generally, you will need proof of identity (passport or driver’s license) and a tax file number.
What are Wholesale Client, Sophisticated or Professional Investors?
Download S708 Certificate Template
What do these terms mean?
In Australia, financial laws group investors into different categories based on their experience, income, or wealth. The main categories are retail clients and wholesale clients.
Wholesale clients include sophisticated investors and professional investors.
Why does this matter?
The category you fall into affects the level of protection and disclosure you receive.
- Retail clients receive the highest level of protection (e.g. detailed advice documents and disclosures).
- Wholesale clients receive fewer regulatory protections but can access a broader range of investment opportunities.
What is a Wholesale Client?
A wholesale client is generally someone who meets certain financial thresholds or criteria set by law.
You may be considered a Wholesale Client if you:
- Invest $500,000 or more in a financial product, or
- Have net assets of at least $2.5 million, or
- Earn at least $250,000 per year for the last two financial years (certificed by an accountant)
What is a Sophisticated Investor?
A sophisticated investor is someone who:
- Has enough knowledge and experience to understand complex financial products, and
- Is assessed by a financial adviser as capable of making informed investment decisions
What is a Professional Investor?
- An AFSL holder (financial adviser/licensee)
- a person controlling ≥ $10 million (including super funds, trusts),
- a listed entity of large business,
- a regulated financial institution (bank, insurer, super fund trustee).
Can you facilitate one-off sales?
Yes, for ASX-listed securities. Subject to the minimum charges outlined in the Financial Services Guide (FSG).
Can you facilitate deceased estate administration?
Yes, subject to the minimum charges outlined in the Financial Services Guide (FSG).
Where clarity meets conviction.
