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Introducing the Separately Managed Account

A Separately Managed Account (SMA) offers a convenient, transparent and tax effective way to manage and grow your wealth. Like a managed fund, your investment is managed by professionals, but with the SMA you have full beneficial ownership and offers full transparency of holdings, with real-time reporting.

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Convenience

Investment decisions are approved by the Commonwealth Private Investment Committee and implemented at wholesale rates to save you time and effort.

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Transparency

Feel confident with full visibility and access to your portfolio at any time.

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Efficiency

Your account is managed separately, so it only realises gains when your strategy requires it, not when other investors transact.

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Security

Portfolios are managed by one of Australia’s most trusted institutions and administered within a Registered Managed Investment Scheme regulated by the Australian Securities and Investment Commission.

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Process

You will receive efficient portfolio implementation, management, rebalancing and monitoring, to ensure your portfolio remains relevant and aligned to your investment objectives.

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Diversification

You have full access to direct shares and wholesale funds utilising global investments that are not available to all retail investors.

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Tailored

The Commonwealth Private SMA has been tailored exclusively for you. Regular reviews with your Private Wealth Manager ensure your investment strategy evolves with your changing needs.

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Real-time reporting

You will receive comprehensive portfolio valuation, transaction, asset allocation, performance and capital gains tax reporting across all ‘family group’ entities, including family trusts, and SMSFs.

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Flexibility

If you wish to take a more direct role in the management of your investments you can transfer securities out of your account.

How an SMA compares

Investments

What this means

Shares (Direct equities)

Managed funds or EFT's1

Manual portfolio (with adviser)2

SMA


Actively managed by professionals


Access to Private Wealth Managers experts who actively manage your portfolio. Supported by one of Australia’s largest financial institutions.


Globally diversified


Gain greater access to global opportunities to grow your investment portfolio and increase your returns. Maximise returns whilst controlling risk.

Management

What this means


Accounting and tax reporting


Find out how your portfolio is performing with real-time reporting on allocations, transactions and tax.


Automatic maintenance


Account rebalancing keeps your portfolio invested for current market conditions. Automated corporate actions means you don’t miss out on investment opportunities.

Transparency

What this means


Visibility of underlying holdings


Real time reporting of your full portfolio and the actual stocks and funds invested.


Tax efficiencies


Reduced CGT events through individual account holding. Additionally, by holding your securities directly, you could benefit from a better after-tax financial outcome. 

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- Yes

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- No

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- Partial

1 ETF = Exchange Traded Fund. Most managed funds invest in only one asset class and many buy investments ‘blindly’ according to predetermined weights rather than considering the merits of each investment. In order to maintain their investment strategy as markets change investors will have to regularly monitor their positions, reinvest distributions, and redeem and purchase units to rebalance their portfolios.

2 An adviser invests according to a client’s instructions, usually via an investment platform for reporting and administration. Every trade must be performed manually and be approved by the client, even if following the adviser’s recommendations.

Commonwealth Private offers tailored banking and advisory services for clients with household income in excess of $400k p.a. or the intent to invest or borrow $2.5million or more.

Contact your local Private Banker on 1300 362 081 or alternatively request a callback.

Learn more about Commonwealth Private

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Welcome to Commonwealth Private

See how Commonwealth Private can guide and assist you.

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Our approach

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Insights

Market-leading analysis and insights, for a competitive investment advantage.

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Our experience

See how Commonwealth Private’s experience can benefit you.

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Discover the difference

See how our financial solutions have helped clients from various professional fields.

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Asia

Learn more about our exclusive private banking solutions for clients in Singapore or Hong Kong.

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Things to know before you Can:
This information is provided by Commonwealth Private Limited 30 125 238 039 AFSL 314018. Commonwealth Private Limited is a wholly owned but non-guaranteed subsidiary of The Commonwealth Bank of Australia Limited ABN 48 123 123 124 Australian Credit Licence/AFSL 234945 (Commonwealth Bank). Commonwealth Private’s services are provided by a team consisting of a Private Banker who is a representative of Commonwealth Bank and Private Wealth Managers who are representatives of Commonwealth Private Limited. This information has been prepared without considering your objectives, financial situation or needs. You should before acting on any information herein, consider its appropriateness to your circumstances and seek the services of a professional adviser. 20213/0414