IOOF Pursuit Go further with a versatile platform that adapts to suit your business and your clients IOOF Pursuit is purpose built to give you the freedom and flexibility you need to make the delivery of advice simpler and more efficient. By providing true choice and smart functionality together with a commitment to personal service, IOOF Pursuit has everything you need to manage your clients portfolios simply and easily.
More of what you, and your clients, really need Looking for a platform that gives you the freedom, control and ongoing support you need to grow and protect your clients wealth over time? That s what you get with IOOF Pursuit. IOOF Pursuit gives you access to the features and functionality you need day-to-day, and makes them as easy to use as possible. And by concentrating on the features that make the biggest difference to your clients and your business, IOOF Pursuit helps keep costs and complexity down. 2
IOOF Pursuit Overview Why choose IOOF Pursuit? Access to a wide range of investment options including over 300 managed funds, ASX-listed securities, and a choice of term deposit providers Multiple insurance options from three leading insurers Multiple margin lenders Flexible adviser remuneration options A number of ways to keep costs down for clients, such as fee aggregation and capped fees Smart Trust structure that eliminates CGT when switching between Pursuit products, as well a number of other tax-effective features Straight-forward reporting that allows you to create a range of reports instantly Smart and intuitive online functionality, such as signature-free online application forms with SuperMatch and an online trading portal with built-in validations and straight through processing A range of standing investment instruction options, including automatic top-ups Highly-competitive interest rate on the cash account Ongoing support for you and your business 3
In-built versatility No two advice businesses or clients are the same. That s why you need a platform that can be adapted to suit the way you provide advice and the types of clients you service. A lifetime solution for your clients What a client needs today may be quite different to what they need in the future. IOOF Pursuit makes it easier for you to meet your clients needs as they change over time with the choice of two models: IOOF Pursuit Focus IOOF Pursuit Select Pursuit Focus is a cost-effective solution for clients that don t have complex needs but still need access to quality investment and insurance options. Pursuit Select offers more features, such as a more extensive investment menu and a range of fee discounts, so you can tailor investment portfolios to your clients specific needs and goals. And if your clients needs change, they can easily move between Pursuit Focus and Pursuit Select, or superannuation and pension,without triggering any capital gains tax or paying any buy/sell spreads. Automatic data feeds IOOF Pursuit integrates with a range of financial planning software providers. This means no manual downloads, saving you time and resources that can be better spent with clients. IOOF Pursuit is adapted to suit the way you provide advice and the types of clients you service. Smart online functionality To make it even easier for you to manage your clients portfolios, IOOF Pursuit offers a range of smart online tools and functionality: Adviser and client access: You and your clients have 24/7 access via Portfolio Online Online application forms: You can submit your clients IOOF Pursuit personal superannuation applications online signature-free, and consolidate super using SuperMatch. Online trading: With the convenience of transacting on all investments in one place, simultaneous buy/sells, straight-through-processing and built-in validations, you can administer your clients accounts quickly and efficiently. Online corporate actions: Easily manage corporate actions for eligible clients without the need for manual communications and paperwork. Straight-forward reporting: Create a range of reports on your clients account at the push of a button, including account valuations, insurance lapse warning reports or expiring binding nomination reports. Calculators and educational material: Access a range of calculators and flyers on super, retirement and investing. Flexible remuneration structure IOOF Pursuit gives you greater control over how you charge for advice by allowing you to structure your remuneration according to how your business operates. You can choose from a range of remunerations options including: a one-off, flat dollar advice fee a flat percentage fee tiered percentage-based fees 4
IOOF Pursuit Overview Freedom to create tailored portfolios IOOF Pursuit offers you true choice when it comes to investments and insurance. And when we say true choice we mean it. You can choose from an extensive investment menu and three leading, independent insurers. This gives you the freedom to create customised portfolios that fit your clients needs. Wide investment choice The extensive investment menu available through IOOF Pursuit allows you to put the right portfolio in place for your clients, no matter what their goals and your desired level of involvement. Simplify investment selection with MultiMix IOOF Pursuit provides access to our highly-regarded range of multi-manager trusts, IOOF MultiMix. This provides you with an easy way to simplify your clients investment selection process while accessing a diverse mix of specialist investment managers and investment styles. Create custom-built portfolios The wide range of investment options on IOOF Pursuit Select allows you to build customised portfolios that suit your clients individual goals. You and your clients can choose from: 300 plus carefully selected managed funds from both large and boutique fund managers term deposits from NAB and Adelaide Bank ASX 300 listed securities, including a range of exchange traded funds and other approved listed securities. Clients in the Pursuit Select Investment Service also have access to: all fully paid and preference ASX securities a choice of margin lenders. Find the right cover for clients more easily with a choice of three insurance providers. The right cover for every client IOOF Pursuit makes it easier for you to put the right insurance cover in place for different clients by giving you access to both group and retail insurance together with a choice of multiple insurers. You can choose insurance from three quality, independent insurers: AIA Australia Priority Protection TAL Accelerated Protection plus TAL Group Life Zurich Wealth Protection Each provider offers a variety of features and benefits across a range of insurance offerings including Death, TPD and Income Protection. Importantly, the retail insurance policies are highly integrated, making it easy for you to fund your clients insurance policies through IOOF Pursuit. A major benefit of applying for insurance through IOOF Pursuit is that clients premiums are automatically deducted from the cash account. This prevents insurance from lapsing due to missed payments, giving your clients even more peace of mind. 5
Keep costs down The fee structure of IOOF Pursuit can help you lower overall costs for clients in a number of ways. And importantly, IOOF Pursuit makes it easy for you and your clients to see exactly what is being charged. All fees, including insurance premiums, are deducted from the cash account. In addition to competitive administration fees, IOOF Pursuit offers: Simple, low fee structure No transaction fees Capped fees Fee aggregation Low, flat administration fee of 0.34% pa (or minimum $10 per month). Clients pay no contribution, transaction, establishment or withdrawals fees when switching between managed funds. Administration fees are capped for balances above $1 million. This feature, available to immediate family members, allows you to link up to four accounts as one for fee purposes. IOOF Pursuit Focus IOOF Pursuit Select Ongoing support for you and your business At IOOF, we pride ourselves on being proactive, responsive and easy to deal with. That s why we offer you a range of additional services and support. IOOF TechConnect Our highly-regarded TechConnect team have been supporting advisers and their businesses for many years. The TechConnect team keeps you up-to-date with the latest legislative changes so you can implement the latest technical strategies with absolute confidence. National BDM team Your local IOOF Business Development Manager is available to answer your questions and help you get the most out of IOOF Pursuit. There is also a risk specialist BDM on-hand to help you choose the right insurance cover for your clients. Dedicated Adviser Services team When you need a quick answer simply pick up the phone and call our dedicated Adviser Services team. Our Adviser Services team is available from Monday to Friday 8:00am 5:00pm (AEST) on 1800 659 634. 6
IOOF Pursuit Overview IOOF Pursuit can help you lower overall costs for clients in a number of ways. 7
Key features at a glance Here is a snapshot of key features available on IOOF Pursuit. IOOF Pursuit Select IOOF Pursuit Focus Products available Investment Service Yes No Personal Superannuation Yes Yes Allocated Pension Yes Yes Term Allocated Pension Yes No Initial investment Investment Service $10,000 or $2,500 with a Regular Savings Plan n/a Personal Superannuation $10,000 or $2,500 with a Regular Contribution Plan $1,000 or $500 with a Regular Contribution Plan Allocated Pension $20,000 $10,000 Term Allocated Pension $20,000 n/a Investment options Managed investments available 300+ 11 Term deposits Yes No Listed investments Yes No Cash account Plans available Regular Savings/Contribution Plan (excl. Allocated Pension and Term Allocated Pension) Regular Withdrawal Plan (Investment Service only) Insurance options Death Cover Death and Total & Permanent Disablement (TPD) Income protection Yes, a minimum account balance of: 1% for Personal Superannuation and Investment Service 3% for Allocated Pension and Term Allocated Pension Yes, a minimum of $200 per frequency Yes, a minimum of $200 per month or quarter Retail options are available through Personal Superannuation only Group options are available through Personal Superannuation only Yes, a minimum account balance of: 1% for Personal Superannuation 3% for Allocated Pension Yes, a minimum of $50 per frequency n/a Retail options are available through Personal Superannuation only Group options are available through Personal Superannuation only More of the features you and your clients need day-to-day. 8
IOOF Pursuit Overview Fees IOOF Pursuit Select Administration Fee 1 $0 - $250,000 0.70% pa Next $250,000 0.50% pa Next $500,000 0.20% pa Above $1 million Nil Fee capped at $4,000 pa (subject to minimum of $40 per month) Entry/Establishment Fee Nil Nil Exit Fee Nil Nil Monthly Membership Fee Nil Nil IOOF Pursuit Focus 0.34% pa (Subject to a minimum of $10 per month) Investment Switching Fee Nil Nil Member/Investor Advice Up to 5.5% of each deposit/contribution made Up to 5.5% of each contribution made Fee Upfront 2 Member/Investor Advice Fee Ongoing 2 Up to 2.2% pa of account balance or tiered % based of up to 2.2% and/or Up to $1,500 per month Up to 2.2% pa of account balance or tiered % based of up to 2.2% and/or Up to $1,500 per month Member/Investor Advice Up to $11,000 per request Up to $11,000 per request Fee One-Off 2 Member/Investor Advice Fee Transaction 2 Member/Investor Advice Fee Licensee 2 Member/Investor Advice Fee Insurance 2 Ongoing commission included in the Administration Fee Up to $110 per listed investment buy and/or sell order Up to 1.1% of account balance or tiered % based of up to 1.1% or Up to $750 per month Up to 50% pa of insurance premium for each type of cover or Up to $1,500 per month (Group insurance only) No Listed Security Administration Fee 1, 3 $5 per month ($60 pa) n/a Brokerage 1 $45.66 for each listed investment buy or sell n/a order Other features Switching Yes Yes Margin lending Investment Service only Income distributions Yes Reinvest Distribution Instruction Retain in Cash Account Automatic Distribution Facility (Investment Service only) Fee aggregation Yes, up to 4 accounts No 1 Inclusive of GST and net of Reduced Input Tax Credits (RITCs) 2 Inclusive of GST. The actual amount deducted from your client s account is lower due to the effect of RITCs. 3 This fee will only be charged if Direct Share Choice is opted-in. n/a Up to 1.1% of account balance or tiered % based of up to 1.1% or Up to $750 per month Up to 50% pa of insurance premium for each type of cover or Up to $1,500 per month (Group insurance only) No No Reinvest Retain in Cash Account 9
IOOF Pursuit offered by one of Australia s leading financial services organisations IOOF has been helping Australians secure their financial future for more than 160 years. During that time, we have grown to become a large fully-integrated financial services organisation that provides services to over 600,000 Australians and has more than $150 billion in funds under management, administration, advice and supervision 1. 10 1 As at 30 June 2015
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Learn more about IOOF Pursuit today. Contact our Adviser Services Team on 1800 659 634 or email adviserservices@ioof.com.au This document is for financial adviser use only it is not to be distributed to clients. This document has been prepared by IOOF Investment Management Limited (IIML) ABN 53 006 695 021, AFS Licence No. 230524 as Trustee of the IOOF Portfolio Service Superannuation Fund ABN 70 815 369 818 and as Service Operator of the Pursuit Select Investment Service. IIML is a company within the IOOF Group of companies, consisting of IOOF Holdings Limited ABN 49 100 103 722 and its related bodies corporate. The information in this document has been given in good faith and has been prepared based on information that is believed to be accurate and reliable at the time of publication. PLA-10618