What is a Managed Fund?
Managed funds provide investors with the opportunity to pool money with other investors. The pool of monies is then professionally managed according to the investment objective and style of each fund.
Pursuit Core Investment Service
- $2,000 minimum entry
- Suited to individual and joint investors, partnerships, trusts, companies or self managed super funds that require a 'no nonsense' investment solution
- Access to over 35 Australian and international funds from 15 leading investment managers, generally at wholesale prices
- Flexible withdrawal and income distribution options
- Switchability - Move between similar products in the Core and Select models as your circumstances change (conditions apply)
- Transparent fees - One Administration Fee regardless of how many times you transact on your investments account
- Track your investment online via IOOF's portfolio management tool, Portfolio Online
The Pursuit Core Investment Service offers you an easy and convenient way to invest. When you invest through this service you gain access to term deposits and over 35 carefully selected managed funds across a range of asset classes. You simply choose the investments, and we do the rest. Your investment can be used for anything from simple saving plans to long-term wealth creation for the future.
How does the Pursuit Core Investment Service work?
The Pursuit Core Investment Service allows you and your financial adviser to construct and manage a range of investments, while the administrative, record keeping and reporting hassles usually associated with direct investment are handled by us. This investment service provides you with an easy and cost effective way to access a carefully selected list of Australian and international investment managers, all within the one investment vehicle.
This type of investment arrangement is known as an 'Investor Directed Portfolio Service' or 'IDPS' (sometimes referred to as a 'wrap'). We hold and administer all investments on your behalf, you provide us with the instructions and then we do the rest.
Is Pursuit Core the right investment service model for me?
The Pursuit Core Investment Service is designed to be simple to understand and flexible to your needs. The Core model is suited to individual and joint investors, partnerships, trusts, companies or self managed super funds that require a 'no nonsense' investment solution.
With a straightforward, flat, percentage-based fee structure, access to a more limited range of managed funds across asset classes and easy-to-understand investment instructions, the Pursuit Core Investment Service caters for many different investor types.
If you want the simplicity of consolidated reporting and a one-stop investment solution, the Pursuit Core Investment Service can be tailored to suit you.
Key features and benefits
| Features | Benefits | |
|---|---|---|
| Investment options that are easy to access |
Access to term deposits and over 35 Australian and international funds from 15 leading investment managers, generally at wholesale prices. Includes access to IOOF's multi - manager Trusts for simple and easy investment choice. |
Investment choice that meets your needs - benefit from the skills of professional investment managers through access to a well researched range of managed funds. |
| Switchability (within models) | Easy-to-understand investment instruction methods allowing you to seamlessly transfer between managed funds in the same model. | Control - you and your financial adviser remain in control of your investment at all times. |
| Switchability (between models) | Move between similar products in the Core and Select models. | Make changes easily if your circumstances alter without having to change your investment provider. |
| Flexible withdrawal and income distribution options | Choose the frequency and amount of withdrawals, including income distributions, from your Pursuit Core Investment Service account. | Flexibility - transactions to suit your lifestyle. |
| Transparent fees | One Administration Fee regardless of how many times you transact on your investments account. | Clear cut and competitive pricing - a simple flat cost structure that is completely transparent. |
| Margin lending facility | To allow you to invest larger amounts by borrowing funds from approved lenders. | Gearing your portfolio. |
| Service and support | Comprehensive and consolidated investment reporting on all your investments in your investments account via a secure website - Portfolio Online. | Access to the right information - Regular communications providing access to information about your investments account when you need it. |
| More investment solutions | Access to a range of other Pursuit products and services to cater for all of your life stages including Personal Super and Allocated Pension. | Use the specialist funds manager and administration platform provider that you know, to access superannuation and pension products that can help you to achieve your financial goals. |
| Expertise |
The knowledge and expertise of a Service Operators with the experience of servicing the needs of investors and members with over $23.6 billion* in funds under management and administration. * As at 31 December 2008 |
Financial peace of mind. |
How much does it cost?
The Pursuit Core Investment Service has a simple and competitive pricing structure to ensure that you can easily understand what you're paying for.
The fees and costs for managing your Pursuit Core Investment Service account are:
- Administration Fee - we charge a simple flat Administration Fee of up to 1.30% p.a. of your account balance. This fee includes the ongoing commission of up to 0.56% p.a. that we pay to a financial adviser, but excluding any Adviser Service Fee(s).
- Management Costs applied by each investment manager - these are charged separately by the investment manager for each managed fund. The fees for each managed fund you choose are set out in the Pursuit Core Investment Service investment options menu and in the relevant product disclosure statement (PDS) for each underlying managed fund.
- Adviser Service Fee(s) - this fee is where you choose for financial advice to be provided in relation to your investment in the Pursuit Core Investment Service. You and a financial adviser selected by you have the flexibility to nominate an amount (if any), within limits that are set by us, for each of the three Adviser Service Fee options available, namely
- Adviser Service Fee - Upfront payable on each deposit;
- Adviser Service Fee - Ongoing payable as a percentage of your account balance or a fixed monthly amount; and/or
- Adviser Service Fee - Once Off - a single fee as agreed with the financial adviser.
These fees are charged by us and we deduct the cost from your investment account. We then pay the full amount of our fees to the financial adviser for the financial advice and services provided in relation to your account. Unless you agree to these fees and specify otherwise, the Adviser Service Fee(s) are automatically set at zero.
Note: Fees are inclusive of GST and net of any reduced input tax credits.
How do I start investing?Before you begin investing through the Pursuit Core Investment Service you need to obtain a copy of the Pursuit Core Investment Service IDPS Guide (Offer Document). Your financial adviser can provide you with this or you can call an IOOF Client Services Officer on 1800 062 963.
Once you have read and understood the Offer Document your financial adviser can help you work out your investment strategy, select managed funds intended to achieve that strategy and assist you to complete your Application Form.
We look forward to working with you to achieve your financial goals.
IOOF - Your Investment Guardians