Separately Managed Account

A Separately Managed Account (SMA) is a professionally constructed and managed portfolio of Australian shares and cash.

The customer (or trustee for superannuation) is the beneficial owner of the underlying securities which means they receive the dividends and franking credits from the underlying shares.

An SMA offers many benefits. These include professional asset management, the transparency to view the shares held in the SMA, a competitive price and tax effectiveness.

MLC's SMA is as easy as a managed fund

Like a managed fund, our SMA allows you to:

• manage all investments through the one platform/account
• invest through a super, pension, investment or self-managed super account
• choose a range of investment styles or managers to suit your personal preferences and goals, and
• diversify your Australian shares – you have access to different companies, industries and sectors.

However an SMA is different in that it allows you to:

• view underlying Australian shares in reports/statements
• save up to 20% in management costs
• help minimise the impact of inherited capital gains tax
• minimise tax when you transfer shares between SMA model portfolios, and
• confirm prices in one business day

More information

Learn more about our SMA.