HUB24, a company disrupting the Australian wealth management industry with its market leading investment platform, has the broadest and most functional managed portfolio and SMA platform on the market.

Mr Alcock said the benefits of managed portfolios include all those associated with direct asset ownership such as greater flexibility, cost reduction, transparency and better control of tax outcomes, in addition to the comfort that a professional manager is making investment decisions on your behalf.

“Managed portfolios are a great fit for Self-Managed Superannuation Funds (SMSFs), with SMSF trustees typically look for greater control, choice and transparency of assets. Managed portfolios combine attractive features of both direct investment and traditional managed funds,” he said.

When compared to direct investment, managed portfolios offer much lower administrative costs in addition to a reduced compliance burden for advisers.

When compared to managed funds, managed portfolios offer greater transparency. The underlying assets can be monitored on a day-to-day basis. Furthermore, managed portfolios often provide more cost-effective access to professional management than managed funds.

Mr Alcock added: “Managed portfolios are becoming increasingly popular with a cross section of investors, from younger Gen X and Gen Y investors who would normally lack the confidence to select particular stocks themselves, through to more sophisticated Baby Boomer investors.

“Younger Gen X and Gen Y investors are typically time poor and tech savvy. They are looking for more transparent alternatives to managed funds that enable greater engagement with individual securities, but with more professional insight than if they were to select and invest in equities themselves.

“The broad appeal has meant these younger investors, who typically have a smaller pool of funds to invest than an older investor, are accessing managed portfolios as a logical way to start their investment journey,” he said.

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