Wealth management firm Aviva has received interest from around 20 large and mid-size dealer groups looking to add its separately managed accounts (SMAs) to their approved product lists (APLs).
“The SMAs go live on our Navigator platform today and there has been loads of interest from advisers especially as the Australian share market has picked up,” Aviva general manager of marketing Tim Cobb said.
“A lot of dealer groups are in the process of looking at our SMAs to add to their APLs but they do want to see more ratings on the model portfolios other than those already done by Standard & Poor’s.”
Aviva has tested the SMAs for over a month now and Cobb expects them to take off in the next year and also become a boon for Navigator.
An SMA is a managed investment scheme that allows investors access to a range of portfolios managed by professional fund managers.
The beneficial ownership of the shares remains with the client or the trustee if the SMA is held in superannuation. There is no inherited capital gains tax within SMAs and investors can view the shares they own and also receive franking credits.
The model portfolios available on Navigator include Blue Chip Top 20, Aviva Investors Dividend Builder, Perennial Value Shares for Income, Aviva Investors Core Opportunities, Ausbil Australian Concentrated Equity, Goldman Sachs JBWere Core Australian Equities, Perennial Growth Shares and UBS High Alpha Long Term Opportunity.
