Wealth Accelerator provides a comprehensive reporting, transactional and administrative service which enables you, through us as operator of Wealth Accelerator, to buy, hold and sell investments from an extensive menu of investment options, via a single account. Importantly, you maintain control of your investments and your investment decisions. You, and your financial adviser, if you have one, assess your objectives, determine strategies, and then select the appropriate investments. 

Wealth Accelerator Core

A cost effective and easy-to-manage portfolio administration service

Wealth Accelerator Plus

A portfolio administration service that provides you with an extensive choice of investments, managed and reported through a single platform. 

Online convenience

Wealth Accelerator provides the convenience of online access to your account. You can access information about your investments and transactions, and you can change your account details, by logging into your account online on our website. Your instructions to perform many of the transactions described in the Disclosure Documents can be submitted online through your account. This removes the need for you to complete paper-based forms and reduces the time between issuing instructions and having transactions implemented. You can choose the level of online access you require when you complete your application.

Offline options

You do not have to operate your account online. You may instruct us to do a transaction or change your account features by completing a form and sending it to us. Forms for most transactions described in the Disclosure Documents are available on our website, from a financial adviser or by contacting us directly. If you choose to instruct us to do a transaction by completing a form, rather than transacting online, then the offline transaction fee may apply.

Convenience & control

Because Wealth Accelerator centralises your investments and transactions, you benefit from:

• the simplicity of only dealing with one contact for your investment transactions;
• consolidated reports covering all the investments in your account, rather than different statements from each investment;
• easier tax and record-keeping; and
• control over what you invest in – we act on your instructions.

Wealth Accelerator allows you to invest at any time, either online or by filling out the appropriate form. We implement your instructions and you have control over your investments. We keep track of your investments, collect all income and provide consolidated tax and performance reporting. We handle all transactions relating to your investment choices, acting on your buy and Benefits of Wealth Accelerator 10 | Wealth Accelerator IDPS Guide 1 March 2020 sell instructions, and arranging administration and settlement of your investments whilst also maintaining custody of your investments.

Investment choice and diversification

When applying to use Wealth Accelerator, you can choose either Wealth Accelerator Core or Wealth Accelerator Plus. If you choose Wealth Accelerator Core, you can establish an easy-to-manage diversified investment portfolio from a more focussed range of investments and investment strategies provided through managed funds and managed models. You also have access to certain term deposits provided by Australian banks. If you choose Wealth Accelerator Plus, you can choose from an extensive range of investment options, enabling you to construct a diversified investment portfolio from a wide range of investment types. In addition, if you are a Wholesale Client, you can use the Premium Service.

Wealth Accelerator Core or Wealth Accelerator Plus

When you apply to open your account, you must choose either Wealth Accelerator Core or Wealth Accelerator Plus, which offer different investment options and have different administration fees. You cannot choose both Wealth Accelerator Core and Wealth Accelerator Plus within the same account.

Cash transaction account

A transaction account which forms the transaction centre of your Wealth Accelerator account. Once your application is accepted, all deposits, income and other receipts are deposited in your cash account. All purchases of investments, withdrawals, fees, taxes and other costs are withdrawn from this account.  

Investment options for Wealth Accelerator Core 

•  Selected term deposits offered by authorised deposit taking institutions, made available on a periodic basis.
• The GSS funds, a range of managed funds offered by Netwealth.
• The Managed Account provides a range of professionally managed model investment portfolios. Certain managed models are available using Wealth Accelerator Core. 
• We may from time to time make other classes of investments available using Wealth Accelerator Core.

Investment options for Wealth Accelerator Plus

• Selected term deposits offered by authorised deposit taking institutions, made available on a periodic basis.
• An extensive menu of managed funds offered by a large number of fund managers, including the GSS funds, a range of managed funds offered by Netwealth.
• Most securities listed on the ASX. Wrap Service Guide
• A range of securities listed on a number of overseas exchanges (‘international securities’). From time to time we may approve additional listed securities or additional exchanges.
• The Managed Account provides a range of professionally managed model investment portfolios provided by a range of model managers.
• A range of Wholesale investments available to investors who are Wholesale Clients who use the Premium Service, including wholesale managed funds, foreign currency accounts and bonds.
• We may from time to time make other classes of investments available using Wealth Accelerator Plus.
• The Investor Rewards Program provides you with access to a selection of managed funds which qualify you for the Investor Reward of 0.10% p.a. of the value of funds held in these investments. This Investor Reward is in the form of a quarterly cash rebate paid into your account.

Regular savings plan

You can make direct debit deposits to your account on a monthly basis with a minimum deposit of $100 per month. 

Operating your Wealth Accelerator account

Transferring investments into Wealth Accelerator Existing managed fund and listed investments that we approve for this purpose may be transferred from your existing holding into your Wealth Accelerator account. Usually you will not incur capital gains tax so long as the underlying beneficial ownership of the investments does not change.