With Investment Research Group you can access either of the major wrap platforms available in New Zealand; AEGIS or OneAnswer.

Under a wrap account, you retain beneficial ownership of the underlying assets. However, a custodian is used to hold investments on your behalf. The custodian combines client holdings to gain access to wholesale funds on terms that are not usually available to individual investors.

On behalf of investors, the custodian tracks investments from around the world. Collects income and provides investors with up to date portfolio and taxation reporting, freeing up time for investors and their advisers to focus on the investment decisions.

To discuss the benefits of the AEGIS or OneAnswer wrap accounts please ring Andrew or Jonathan on 07 578 3863 or 0800 867 323.

Lower wholesale management fees

Through the custodian, investors have access to wholesale fund management fees. Wholesale fees can be less than 1% p.a. compared with retail investment management fees which can be 2.5% p.a. or more.

Access to a wider range of investments

A wrap account gives investors access to investments that would otherwise not be available. The custodian groups investors' funds to gain access to wholesale funds and other investment opportunities around the world that are not available to individual investors.

Online Access to your portflio

With either platform you have the option to access your portfolio online over the internet through a secure connection. You can login pretty much any time of the day or night and review your investments. There is no additional cost for this service.

Co-ordination of key information

The custodian records all distributions and interest transactions allowing for the production of detailed or summarised reports for investors.

Comprehensive Tax Reporting

Each year a comprehensive suite of reports are available to enable you or your accountant to prepare your tax returns.

New Zealand made

Both platforms are designed by New Zealanders to comply with current New Zealand legislation and for New Zealand investors who want access to a wide range of domestic and international investments.

No Hidden Costs

Each month the wrap platform charges your account a small monthly fee which is based on the market value of your portfolio. Part of this fee goes to the custodian to pay for their services and part goes to us as your adviser.

You have the option to elect to have all trails, rebates, commissions etc rebated back to you. that otherwise would be paid to us as adviser.

Independently Audited

Both platforms are independently audited to ensure everything relating to your investment is as it should be.

Easy to change your Adviser

As long as your new Adviser has an account with the wrap platform it will if you decide to change Adviser it is merely a case of you writing to the wrap and asking them to change your Adviser. There is generally no charge for this.

What is a Custodian?

A custodian is a legal entity (generally a company) that holds investments on behalf of investors.

What does the custodian do?

The custodian holds investments made through the wrap platform on behalf of investors.

The custodian can group investors' funds to achieve substantial buying power benefits they would not otherwise enjoy as individual investors. The main benefit of this is the ability to access wholesale managed funds with lower management fees and no entry or exit fees. Using a custodian also enables investors access to investment opportunities in Australia, the United States, the United Kingdom and many other countries that would otherwise be difficult to access.

What can the custodian not do?

The custodian cannot incur any liabilities in its own name or on behalf of investors. Nor can it hold investments beneficially in its own name or in the name of anyone other than the investors. As a bare trustee the custodian has no discretionary powers so it cannot undertake investment transactions without instructions from the investors.

As part of a major New Zealand financial services group, investors can feel confident that Aegis has the backing of a large corporate with its commitment and resources. To safeguard clients' financial investments, a custodian holds all investments on the clients' behalf. Aegis Limited is a wholly owned subsidiary of Sovereign Limited, which in turn is owned by Sovereign Group Limited, a member of the international Commonwealth Bank of Australia Group. Neither Aegis Limited nor any other member of the Commonwealth Bank of Australia Group guarantees the investments held and administered under the Aegis service.

OneAnswer is an investment management service brought to you by OnePath and administered by FNZ Custodians Ltd.

Our AEGIS clients portal address is myportfolio.co.nz/irgbop.portal

Our OneAnswer clients portal address is oneanswer.co.nz