FirstWrap makes managing your finances easier by bringing your investments together under one reporting and administration framework.
What is a wrap?
An investment wrap bundles your investments and other investment products and services in one place. Wraps typically offer an extensive investment menu, providing you and your financial adviser with investment freedom through access to listed shares, managed funds, margin lending and insurance.
They also offer consolidated reporting and are typically administered online, so you can track your investments 24 hours a day – making it easier to manage them, especially at tax time.
How FirstWrap works
FirstWrap is a full service wrap platform, providing comprehensive investment choice, convenience and great flexibility.
FirstWrap offers a wide variety of investment options and sophisticated tax reporting facilities across investments, superannuation and pension services to help you and your adviser effectively implement your investment plans.
Your investments are conveniently managed through one account, allowing your adviser to easily monitor and manage your portfolio.
FirstWrap lets you keep your investments alongside your superannuation savings and pension account.
These can all be consolidated into a single set of reports, meaning you won’t have to sort and combine information from a multitude of financial institutions.
You can also access reports and other key portfolio information online, 24 hours a day.
FirstWrap allows your financial adviser to tailor how they setup and manage your investment portfolio.
They can model and nominate which parcels of investments are best suited to your individual tax circumstances and reporting requirements.
Additionally, your financial adviser can manage your tax position more effectively by allowing you to transfer assets in and out of FirstWrap Plus Investments without triggering a capital gains tax liability.
FirstWrap investment range
FirstWrap offers a wide variety of investment options. As an investor, you can choose from:
- Around 400 managed funds
- Managed accounts
- Hedge funds and private equity funds
- Unlisted investments
- All ASX listed shares (ASX 300 for super and pension)
- All ASX listed company issued options (ASX 300 for super and pension)
- Fixed interest rate securities
- Term deposits (a range of terms available)
Already have an investment portfolio you’re happy with? You may be able to transfer your existing managed funds, ASX listed shares, options, warrants and floating rate notes over to FirstWrap Plus Investments without triggering a capital gains tax liability. This ‘custodial’ structure means less paperwork, and more importantly, retaining underlying ownership of your investments.
A manual registry for your existing external assets, such as investment property or artwork, gives you a complete financial picture of your investments.
BEFORE YOU APPLY
FirstWrap Plus Investments
Before you complete your application, you should read the information contained in the Investor Directed Portfolio Service Guide (provided by your financial adviser) as well as the Other important information brochure, the Investment list and AIL's Financial Services Guide.
FirstWrap Plus Super and Pension
Before you complete your application, you should read the information contained in the Product Disclosure Statement (provided by your financial adviser), as well as the Other important information brochure, the Investment list, AIL's Financial Services Guide and, if you are considering insurance cover, the LifeProtect Insurance brochure.
You can request a copy of any of these documents from your financial adviser, or contact FirstWrap Service and Support on 1300 769 619 and a copy will be provided to you free of charge.
Information about managed funds available through FirstWrap appears in the disclosure document for that managed fund available from your adviser.
This information has been produced by Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL). AIL is the trustee of the Avanteos Superannuation Trust ABN 38 876 896 681 which includes FirstWrap Plus Super and Pension and is the operator of the Avanteos Wrap Account Service ABN 47 953 207 793 which includes FirstWrap Plus Investments. The investment performance and the repayment of capital of AIL products is not guaranteed.
This information has been prepared by AIL and provides general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking with your financial adviser before making an investment decision. The Target Market Determinations (TMD) for our financial products can be found at www.cfs.com.au/tmd and include a description of who a financial product is appropriate for. A product disclosure statement (PDS) and investor directed portfolio service (IDPS) Guide is available for the products in FirstWrap Plus and can be obtained from your financial adviser. You should obtain and consider the most up-to-date PDS or IDPS Guide before deciding whether to invest or continue to invest through FirstWrap Plus Super and Pension or FirstWrap Plus Investments.
The insurance provider is AIA Australia Limited ABN 79 004 837 861 AFSL 230043 (AIA Australia, the ‘Insurer’). AIA Australia is part of the AIA Group. The insurance cover is provided under policies issued to the trustee. AIA Australia is not part of the Commonwealth Bank of Australia (CBA) Group of companies. CBA and its subsidiaries and AIL do not guarantee the obligations or performance of AIA Australia or the products it offers.
The Trust Company (RE Services) Limited ABN 45 003 278 831, AFSL 235150, is the responsible entity for the Colonial First State Separately Managed Account ARSN 618 390 051, available for investment through FirstWrap super and pension products and investments under FirstWrap.
Taxation considerations are general and based on present taxation laws and may be subject to change. You should seek independent, professional tax advice before making any decision based on this information. AIL is not a registered tax (financial) adviser under the Tax Agent Services Act 2009 and you should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on this information to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
© Avanteos Investments Limited 2021.