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2020 DIRECTINVEST is able to offer these wrap accounts without an adviser and unnecessary adviser service fees:
Personal Choice eWRAP
A badged version of the Asgard eWRAP with lower administration fees
Wealthtrac
With discounted administration fees for 2020 DIRECTINVEST clients
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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.
Until recently, investors could only access wrap platforms via a financial planner and as a result incurred the often unnecessary fees such as sales commissions and exorbitant annual adviser service fees. Ongoing adviser service fees of 1% - 2% pa of the account balance undermined the cost effectiveness of wrap accounts. We recommend consulting a financial planner on a fee for service basis where necessary, and then remaining free to implement investments without adviser service fees that last the life of the investment.
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| Financial Advice | Professional fee for service financial advice - avoid % based adviser service fees that last the life of the investment. more info
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| Travel Insurance | Annual business travel insurance for as little as $381.50. Unlimited domestic and international trips. more info
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