How do I become a Seneca client?
Click here to complete our client application form and schedule an initial consultation with one of our experienced advisers who can assess your requirements and suitability.
How much do you charge for initial consultations?
Initial consultations are free. You can book an initial consultation here.
Does Seneca provide advice to Wholesale Investors?
Yes. Seneca is authorised to advise Wholesale and Retail Clients.
What is a Wholesale Investor?
Wholesale Investors comprise of Sophisticated Investors and Professional Investors under section 761G of the Corporations Act 2001.
A Sophisticated Investor is a person with a certificate from a qualified accountant certifying they have a prescribed net asset or gross income level. This gives them an exemption under the Corporations Act 2001. That means they can buy financial products without a regulated disclosure document such as a prospectus or product disclosure statement.
A person holding a certificate is a:
‘Sophisticated investor’ for the purposes of Chapter 6D (if offered debt or shares), or ‘Wholesale Client’ for the purposes of Chapter 7 (if offered a financial product, other than insurance, superannuation or a retirement savings account product or service) and the financial product is not used in connection with a business:
To be eligible for a certificate, you must have:
- a gross income of $250,000 or more per year in each of the previous two years, or
- net assets of at least $2.5 million (reg 6D.2.03 and reg 7.1.28)
How do I gain access to Seneca’s Wholesale Investor Services?
If you’d like to access the benefits of being treated as a Wholesale Investor, please discuss this with your adviser.
What’s the minimum investment to become a client?
We can offer some of our services for investors with as little as $25,000.
What are the benefits of employing a Seneca adviser?
Expertise and Knowledge
Seneca advisers have an in-depth understanding of the Australian and global financial markets. They are trained to assess the performance of different investment types, and they can provide informed advice on the best opportunities and assist you in managing risk through professional portfolio management and diversification.
Access to Information
Our advisers have access to a broad range of research and data not readily available to individual investors. This includes regular briefings from company management teams, advanced analytical tools, Seneca’s in-house research analysts and broker research from across the market. They use this information to make informed decisions and give their clients an edge in the market.
Researching, monitoring, and managing investments can be time-consuming. Cutting through the noise and bias of newspapers, social media and forums, a Seneca adviser can bring you a curated range of opportunities and give you more time for the things you enjoy.
Investing can be stressful, especially during times of market volatility. Having an experienced, expert adviser can provide you with the information and data you need to help prevent emotional decision-making that might negatively impact your investment outcomes.
What is a Separately Managed Account (SMA)?
A Separately Managed Account (SMA) is managed by professional investment firms and gives the investor (client) direct ownership of the securities in the portfolio. This is different from a managed fund where the investor owns units in the fund but not the underlying assets.
SMAs provide benefits such as transparency, tax efficiency, and customisation. You can view the individual securities in your account, you can customise the account to avoid certain securities or sectors, and you can manage your tax position independently.
An SMA brings together many of the benefits of direct share ownership, with the performance and convenience of a professionally managed fund.
In summary, the key distinguishing features are:
Ownership: With both a HIN and an SMA, you have direct ownership of the securities. In a managed fund, you own units in the fund, not the underlying securities.
Management: An SMA is managed by a professional investment firm on your behalf. When you own shares on a HIN, you are responsible for all investment decisions and management. In a managed fund, a fund manager makes investment decisions on behalf of all unit holders.
Customisation: SMAs can offer a degree of customisation in line with your preferences, while this is not possible with a HIN (unless you manage your investments to reflect these preferences yourself) or in a managed fund.
Tax Considerations: SMAs may provide more opportunities for tax optimisation compared to managed funds due to the direct ownership of securities.
How much do you charge? What are the fees?
It varies depending on what advice and services you require.
You should refer to the Financial Services Guide (FSG) for more important information.
What asset classes do you invest in?
Our clients benefit from professionally managed, diversified portfolios, invested across:
– Australian Equities
– International Equities
– Property & Infrastructure Securities
– Term deposits
– Government, Corporate Bonds
– Hybrid Securities, Preference Shares
– Agriculture, Private Credit, Unlisted Property/Infrastructure
– Private Equity, Pre-IPO and Venture Capital
– Absolute Return Strategies, Hedge Funds and Multi-Strategy Funds
– Exchange traded options, warrants and other derivative securities.
– Exchange traded funds (ETF’s)
Do you have access to IPO’s and placements?
Yes, we source deal flow from across the market on a daily basis. Due to long-standing relationships with corporate advisers and bankers, and our reputation as reliable, long-term investors, our clients have often benefitted from exceptional access and allocations.
Can you help me with my existing investment portfolio?
Yes, we are more than happy to provide advice on your existing portfolio, however you’ll need to be a client and transfer your holdings prior to us providing any advice.
Please click here to upload to existing portfolio and have one of our experience team contact you.
Do you invest in international shares?
Yes, both direct and through our actively managed Global Equity SMA.
Can I choose ethical investments?
As your investments are held in your own discrete investment portfolio, we can tailor your investment strategy to include your ethical preferences including selecting from a range of specialist ESG-focused managed funds from around the world and excluding specific sectors or shares from our separately managed accounts (SMA’s)
Are you interested in investing early-stage companies?
Yes, though we deploy capital judiciously and only after significant due diligence. You can email your Investor Deck or IM to Seneca’s Investment Team email@example.com and we will be in touch after we’ve had a chance to thoroughly review.
Who do I speak with to arrange a listed company presentation/conference call?
Please email Seneca’s Investment Team firstname.lastname@example.org
Can you facilitate the transfer and/or sale of assets relating to a deceased estate?
Yes, we have a highly experienced team who specialise in deceased estate matters. They can facilitate fast turnarounds and precise execution on behalf of executors. Our fees vary, depending on the complexity of the estate.
Please email our deceased administration specialist, Victoria Schepisi (email@example.com) for more information.
Can you facilitate one-off sales?
Yes, for ASX-listed securities, but subject to the minimum charges outlined in the Financial Services Guide (FSG).