The Navigator Platform

Transcription

1 Navigator Adviser use only The Navigator Platform At a glance Preparation date: May 2013 This brochure is issued by, Navigator Australia Limited ABN AFSL Navigator Australia Limited is part of the National Australia Group of companies.

2 Navigator is a feature- packed, full- service wrap platform that gives you the freedom and control to manage your clients and your business.

3 Platform snapshot Navigator is designed with you in mind, helping you create tailored investment portfolios to suit your clients needs. The award winning platform enables you to streamline your processes and enhance the service you provide. Offering you more choice The full spectrum of investments The Navigator platform gives you access to an extensive range of managed investments and ASX listed securities including: direct shares listed investment companies (LICs) fixed interest securities exchange traded funds (ETFs) term deposits, and a Separately Managed Account (SMA). The best of managed funds and shares With our SMA you and your clients can invest in professionally constructed and managed portfolios of direct ASX shares and cash in a tax effective environment. Build wealth with margin loans Margin loans from a range of lenders, including NAB Equity Lending, can be linked to your clients Investment Plan accounts. MLC personal insurance MLC Insurance, including Life, Total & Permanent Disability (TPD) and Income Protection can be linked to, and paid for, from accounts (excluding pension accounts). Designed to meet your needs Implement advice strategies with ease Using the award-winning n-link technology underpinning the Navigator platform, you ll find even complex strategies are easy to put in place. Benefit from a range of portfolio management tools Build and tailor portfolios to your clients needs, using a wide variety of tools, for one client or multiple clients efficiently. Invest with speed and flexibility Take advantage of new investment opportunities as they happen, with access to online corporate actions and fast-track switching. Optimise your clients tax situation In-built tax optimisation tools allow you to structure a range of transactions tax efficiently. Built to support your business Transact efficiently and accurately Perform account transactions online using n-link s straight through processing. Tools to assist with FoFA Manage your Fee Disclosure Statements and opt-in notices through n-link. Review and manage your requests Manage and review the progress of your requests in real time. Run a wide range of business reports with ease Keep on top of your business reporting needs with n-link s range of detailed business analytics reports, including funds under management, net flows, and adviser service fees. And you can run a variety of user-friendly reports for one or many clients simultaneously. Design your remuneration Design a remuneration structure to suit your business and your clients. Value for your clients The Navigator platform offers real value for your clients, with simple, competitive and transparent pricing, along with a range of fee discounts. The Navigator Platform Page 3

4 Navigator platform in detail Extensive investment choice and flexibility Investment Plan Retirement Plan (incl. Pension service) Over 300 managed investments Over 500 ASX-listed investments Separately Managed Account (SMA) access to 13 professionally constructed and managed portfolios of direct ASX shares and cash Term deposits: 1 3 month, 6 month, 1 year and 2 year terms available Exchange traded funds, listed investment companies and interest bearing securities Fully integrated one-click switching between all investment options, shares and SMA model portfolios Progressive investment facility allows you to gradually invest fixed regular amounts into specified managed investments and/or term deposits over time, to reduce the risk of trying to time the market with a lump sum purchase Regular investment facility choose how regular direct debit contributions will be invested Automatic re-weighting of managed funds Fast Track switching and redemptions allows you to access sale proceeds and stay invested in the market Choice of share broker with online corporate action management tools Contribution methods Direct debit, Bpay, EFT, in-specie transfer or cheque * Gearing to boost your client s investment Access to a range of lenders Not applicable Consolidated loan balance reporting and interest payments from the Cash Account for NAB Equity Lending Not applicable Solutions for Self Managed Super Funds Simplifies the complex part of an SMSF investment management, administration and reporting Not applicable n-link data can easy be transferred to accounting software such as BGL Not applicable Tailored reporting facilities Not applicable * In-specie into super only. Page 4 The Navigator Platform

5 Protecting your clients financial well being Investment Plan Retirement Plan (incl. Pension service) Access to MLC Insurance including Life, Total & Permanent Disability (TPD), Critical Illness (excluding Super) and Income Protection # Linked to and paid for from clients accounts ensuring no lapse and retention issues # Minimum administration fee reduced if linked to MLC Insurance # Save time by using our Riskfirst online technology to apply for cover No policy fee save $90 per policy Access to Riskfirst Rapid providing faster cover for your clients and quicker remuneration to you Access to Best Doctors, a world-wide network of leading medical specialists Earn full remuneration on both the platform investments and the insurance cover Award-winning n-link technology to support your business Online adviser software solution linking your office to Navigator platform products and administrative systems in real time Tools to manage your clients portfolios easily and efficiently, including: online transacting with straight-through processing comprehensive reporting for single or multiple clients corporate action management for single or multiple clients share trading reweighting and switching tax management/reporting, and workflow tracking and management. 24 hour access to all your client information FoFA tools, including Fee Disclosure Statements and Renewal Notice (opt-in) Comprehensive reporting solutions Client reporting: access to a range of user-friendly reports choice of customised standard reports, and produce multiple reports for one or many clients simultaneously. Business reporting: funds under administration and funds flow tracking detailed adviser service fee reports to keep track of your business revenue client admin reports including: minimum liquidity reviews contribution splitting eligibility & contribution caps pension review estimates reversionary pensions and binding nominations, and term deposit maturity. # Excludes Pension accounts. The Navigator Platform Page 5

6 Navigator platform in detail Page 6 The Navigator Platform Investment Plan Retirement Plan (incl. Pension service) Competitive and flexible pricing Customised Entry Fee Up to 4% Up to 4% administration portion Nil Nil adviser remuneration (select $ or %) Up to 4.29% Up to 4.29% Deferred Entry Fee (option 1) (an exit fee applies in first four years) 0.35% per quarter on initial deposit (total 16 quarters) 0.35% per quarter on initial deposit (total 16 quarters) adviser remuneration 4.29% (paid upfront) 4.29% (paid upfront) Deferred Entry Fee (option 2) (an exit fee applies in first four years) 0.18% per quarter on initial deposit (16 quarters) 0.18% per quarter on initial deposit (16 quarters) adviser remuneration 2.15% (paid upfront) 2.15% (paid upfront) Maximum Net Ongoing Fee (including admin fee and Adviser Ongoing Remuneration) 1.85% pa 2.05% pa adviser ongoing remuneration 1.10% pa 1.10% pa Administration fees # (excluding Adviser Ongoing Remuneration) Calculated on the average account balance and deducted from the cash holding monthly. Minimum admin fee: $62.50 per month ($750 pa) Fee cap: $5,500 pa (does not apply on linked accounts) Calculated on the average account balance and deducted from the cash holding monthly. Minimum admin fee: $62.50 per month ($750 pa) Fee cap: $6,500 pa (does not apply on linked accounts) Account balance Admin fee (pa) Admin fee (pa) $0 $299, % 0.90% $300,000 $599, % 0.65% $600,000 $999, % 0.55% $1,000,000 $1,999,999 $2,000,000+ Reducing the minimum administration fee Note: some percentage fees shown have been rounded to two decimal places. # An additional Adviser fee up to 1.025% pa may be included as part of the Ongoing Administration Fee. * The fee discount does not apply to accounts in a linked group. 0.45% on the first $1,000,000 and 0.10% thereafter 0.275% on the first $2,000,000 and Nil* thereafter 0.55% on the first $1,000,000 and 0.10% thereafter 0.325% on the first $2,000,000 and Nil* thereafter The minimum administration fee of $62.50 per month ($750 pa) will be reduced to $20 per month ($240 pa) if the account: is linked to insurance is less than three months old is part of a linked group where the total value exceeds $300,000 is a pension account in Retirement Plan, or has a Regular Investment Facility. The reduced fee will also apply if the client has both a super and pension account in Retirement Plan. In this instance the reduced fee will apply to each account.

7 Investment Plan Retirement Plan (incl. Pension service) Fee discounts Investment management fee rebates passed directly onto clients Linked accounts: by linking accounts with immediate family members, the admin fee is calculated on the total portfolio value of the linked group. Group investment discount: 10% discount on the admin fee if, across their accounts, a client holds more than $400,000 in managed investments issued by the National Australia Group of companies. Broker Online Paper based Share trading Adviser review fee ($ and/or %) Investment fees Trade using default broker Trade using a panel broker 0.132% of trade value or $33 minimum 0.05% (min $12.50) + brokerage fee + $16.50 settlement fee 0.205% of trade value or $51.25 minimum 0.123% (min $12.50) + brokerage fee + $16.50 settlement fee Up to 2.20% pa less any other ongoing adviser remuneration Investment fees only apply to managed investments and SMA. They differ according to the investments held. Asset transfer fee $125 per asset transferred out Not applicable Regular Investment Facility fee Not applicable $2.33 per contribution Paper-based transaction fee Paper-based reporting fee $75 per request # There is no fee if request is submitted online $120 pa # There is no fee if you choose to receive your information online $75 per request # There is no fee if request is submitted online $120 pa # There is no fee if you choose to receive your information online Managed Funds Transactions Fee Nil Nil Auto-reweight Fee Nil Nil In-specie transfers Nil Nil^ Note: some percentage fees shown have been rounded to two decimal places. # Fee not currently being charged. ^ In-specie into super only. The Navigator Platform Page 7

8 Navigator platform in detail Note: some percentage fees shown have been rounded to two decimal places. * Excludes SMA Investment Plan Retirement Plan (incl. Pension service) Tax optimisation Sell investments that*: cost your clients the most (Highest Cost First Out) your clients bought first (First In First Out), or you specify (individual parcel selection). Parcel selection to manage capital gains tax for direct shares and managed funds Clients receive the full benefit of imputation credits as they re not shared across all members Not applicable Anti-detriment for super death benefits to eligible dependants Not applicable Contributions tax deducted at the last possible moment rather than quarterly Not applicable Page 8 The Navigator Platform

9 Supporting your business We make it easier for you to do business by offering you access to: tools to assist you with FoFA flexible remuneration options online transacting and straight- through processing, helping you streamline your business our Fund Profile Tool which outlines the full details on your investments, including the latest fund performance commentaries and investment reports from MLC and Morningstar business development support technology implementation support, and our dedicated call centre and Technical Services team. The Navigator Platform Page 9

10 Other facts Investment minimums Investment Plan Retirement Plan (incl. Pension service) Minimum initial investment with lump sum $20,000 $20,000 Minimum initial investment per fund No minimum No minimum Minimum initial investment per share $2,000 $2,000 Minimum initial investment per SMA $10,000 ($30,000 is suggested^) $10,000 ($30,000 is suggested^) Minimum additional investment $5,000 $5,000 Minimum additional investment per fund No minimum No minimum Minimum additional investment per share $500 $500 Minimum additional investment per SMA No minimum No minimum Minimum initial investment with Regular Investment Facility $3,000 $5,000 Minimum regular investment (not available for SMA) $200 $200 Product features Minimum holding in Cash Account* 1% (capped at $5,000) 1% (capped at $5,000) Reinvestment of earnings Automatic payment of earnings Not applicable Flexible pension payment frequency Not applicable # Regular withdrawal facility Not applicable Easy transfer to pension no capital gains or other transactional costs Not applicable Multiple death benefit nomination options Not applicable ~ Accepts UK pension transfers Not applicable ^ A suggested minimum investment of $30,000 should help minimise transaction costs. * For the Deferred Entry Fee Options the minimum holding in the Cash Account will by higher. An additional allowance should also be made for any regular pension payments or withdrawals. # Monthly, quarterly, half yearly or yearly. ~ Binding or non binding (super and pension) and Reversionary pension (pension only). Super only. Page 10 The Navigator Platform

11 Your notes The Navigator Platform Page 11

12 Navigator Adviser use only To find out more, please speak with your MLC representative, visit mlc.com.au or call us on M0513