PMAs - better than managed funds

Like a managed fund, a PMA gives you access to a diversified investment portfolio overseen by a professional investment manager. But unlike a fund, your investment isn't pooled with money from other investors.

You remain the direct, beneficial owner of the ETFs and other assets held in your account. That not only gives you more control and transparency, it can also create cost savings and improved tax-effectiveness.

Think of it as the best of managed funds and shares, without the complications of direct share investment.

When you invest in an InvestSMART Diversified Portfolio, we give you your own personal PMA. You remain the beneficial owner of all of the assets in your portfolio, not simply one unit-holder among many.

We take care of the day-to-day management of your investment, automatically rebalancing your portfolio to keep you on track. If you decide to switch between portfolios, we sell only those securities required to change from one strategy to another, helping to reduce any capital gains tax liability.