Through a wrap account your investments are consolidated in one place. This allows you to access managed funds, shares, cash and margin lending and gives you online access to view reports on your consolidated holdings. The available investment choices allow you to better diversify across asset classes and reduce risk. Wrap accounts also provide access to wholesale managed funds and ‘boutique funds’ that are often not available to retail investors as the minimum investments can be anywhere from $500 000 to several million.

Wrap platforms are generally only available through a financial adviser and as a result investors often pay exorbitant ongoing adviser service fees of 1% pa of the account balance which undermine the cost effectiveness of wrap accounts. 2020 DIRECTINVEST offers access to two wrap accounts without entry fees, exit fees or ongoing adviser service fees.

Personal Choice eWRAP A badged version of the Asgard eWRAP platform with lower administration fees, providing access to 400+ wholesale managed funds, ASX listed securities, term deposits and cash.

Minimum Investment: $100,000 eWRAP Investment eWRAP Super & Pension

Wealthtrac Operated by Oasis Asset Management Ltd, a wholly owned subsidiary of ANZ, Wealthtrac allows you to conveniently package together managed funds, certain direct shares, property trusts and term deposits.

Minimum Investment: $25,000 Wealthtrac

More about Wrap Accounts Find out more on investment and superanuation wrap platforms, including their features and some of the differences between investing directly with a fund manager and through a wrap account.

How to Choose the Best Wrap Account Learn about Wrap Accounts