Contact

Contact
Melbourne
Perth
info@senecafs.com.au
(03) 8639 1600

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We assist other financial services professionals (e.g. IFA’s, Accounting Practices) with outsourced investment consulting, investment committee and managed account solutions.

Whilst many financial planners and wealth management boutique’s would like to employ the efficiencies and client benefits of separately managed accounts, implementation can be difficult

Seneca assists firms in:

  • Identifying the synergies, benefits and costs of deploying a managed account solution within your business
  • Designing a fully-customised model portfolio to suite the majority or specific subset of your client base.
  • Working with you to ensure the objectives, rules and limitations of the model portfolio are in line with your philosophies and existing practices
  • Managing the custody, execution and reporting requirements.  Providing your clients with comfort and ultimate transparency
  • Starting/improving your investment committee processes and creating a unique and effective investment style for your practice
  • Marketing your managed account to grow and expand your business

The benefits of managed accounts

Timeliness

Implement changes to all client portfolio’s, instantly and in the optimal way.

Compliance

  • Remove the need for a Record of Advice (ROA) for each transaction
  • Each managed account is under a single Product Disclosure Statement – one piece of advice per annum (buy/hold/sell the product).

Cost

  • Free brokerage
  • Free and outsourced administration
  • Full tax reporting included

Cohesion & Simplicity

  • All your clients holdings in one place

Flexible

  • Augment your model portfolio with holdings outside the model
  • All of which is reported and consolidated in one place.

Trade commentary

Clients can receive a contract note for each transaction and the advisor will be provided with a ‘trade commentary’ explaining each decision and the rationale behind it

Seneca’s managed account solution includes, free of charge:

Investment committee

Charter design, meeting reports and consulting

Access

A wide selection IPO’s and placements, vetted by our investment committee

Research

Access to investment research from most of the investment banks and brokers in Australia

Ownership

The option to “white label” the managed account as your own

Influence

Participate in the decision-making process and the investment strategy your clients invest in

Marketing

With control and exclusive access to the model portfolio, you can truly differentiate your practice from the pack.

Full support

Seneca is happy to present to clients, attend meetings and provide materials as and when you need them to ensure you are fully supported.

Corporate actions

Automated and administered on your behalf