Segue News

Individually managed accounts could provide a suitable option for Generation X and Y investors, who often want more control over their investments.

Perpetual chief executive, Chris Ryan, said evidence across these age groups show that they struggle to place their faith in the financial services sector and need a greater level of reassurance when making investment decisions.

Ryan went on to say, “They don’t trust the system, they want advice, they want to be given good advice, but then they want to participate in the outcomes – and that’s what managed accounts from a financial services point-of-view allow these people to do, and we’re seeing that around the world”.

They are saying I want advice, but I want to hold my adviser more responsible for the advice they are giving me. I want to see clearly the outcomes of my portfolio and I want to be able to attribute that back to the advice the adviser is giving me.

He said individually managed accounts provide the transparency that allows the client the control, and also allows the adviser to more clearly demonstrate
their value-add because there are less layers inside the portfolio.

Segue obtained a Managed Discretionary Account Licence to provide these benefits in 2002. With experience of almost nine years providing an individually managed account service, Segue is well positioned to help gen. X, and gen. Y.

Individually Managed Super Funds (commonly known as Self-managed super funds) hold $393 billion of assets, which is almost one-third of Australia’s entire superannuation savings of $1.23 trillion, industry group SPAA says.

Wouldn’t you want your money individually managed?