ShawandManagedAccounts

Shaw Managed Accounts

 

Shaw Managed Accounts are a sophisticated investment and reporting platform incorporating advanced features to assist in the management of your overall investment strategy and portfolio. 

 

Shaw Managed Accounts are established and offered within the registered managed investment scheme known as the Separately Managed Accounts. Each investor has a separate “account” to which their investments are allocated.  Your account can be constructed by using a range of available investment strategies (referred to as Model Portfolios) that you can select from the investment menu together, with your Shaw and Partners adviser.

 

Once you decide which Model Portfolios are best suited to your investment needs and objectives, Shaw and Partners will purchase securities to be included in your account so that it reflects the Model Portfolio, or a combination of Model Portfolios. The Model Portfolios are managed in a disciplined and consistent manner; overseen by a dedicated team of investment professionals with many years of experience in securities markets.


With Shaw Managed Accounts, not only are you the beneficial owner of the portfolio (and shares), you will also enjoy the ownership benefits (such as dividends and franking credits) and have the ability to see the exact make up and market value of the portfolio at any time, via our online service. 

 

 

 

 

 

Shaw Managed Accounts are positioned between Individually Managed Portfolios and Managed Funds.  They offer increased levels of control and transparency, agility and tax optimisation.

 

 

Benefits of Shaw Managed Accounts
Professionally managed
Lower trading costs
Beneficial ownership
Flexibility
No inherited liability
Safe custody
Reduced tax administration
Tax optimisation
Dividend reinvestment
Performance monitoring
Online reporting tools

 

 

Investment Options

 

At Shaw and Partners, we understand that your investment decisions may vary depending on your stage of life and attitude towards risk. Shaw and Partners offers 14 portfolio strategies designed to meet your investment needs and objectives.

 

Investment objective

The model invests in a portfolio of ASX listed debt and shorter dated hybrid securities, debt based ETFs and debt specialist managed funds. These products offer potential diversification benefits to both Australian equities and cash or term deposits. The model’s return will be generated from a combination of interest payments and capital growth (realised and unrealised) from an actively managed portfolio strategy. The Shaw Debt Income Portfolio seeks to provide investors with a predictable level of income whilst minimising risk to capital.

Investment strategy and approach

The model manager aims to achieve the investment objectives via a qualitative and quantitative investment process. Key criteria and areas of focus are:

  • Credit quality of the issuer
  • Sector/Industry
  • Call dates and final maturity details
  • Structure of instrument
  • Timing and composition of cash flows
  • Relative valuation of sector as a whole and between relevant securities, including the inclusion of new issues.
  • Liquidity and potential changes in liquidity

 

The portfolio will be diversified across the above criteria. A key focus of the portfolio will be the mix of fixed and floating rate exposure in order to meet the portfolios’ objectives. The portfolio will be monitored against the manager’s expectations of equity returns, credit market implied volatilities and underlying interest rates in order to ensure it is invested across a range of market cycles to meet its return objective, while adhering to the risk tolerances set. The model manager has access to new issues of listed debt securities and is able to include these in the portfolio as it deems appropriate.

Designed for investor who
  • Seek a sustainable income stream over a 3 year + time frame, with a lower risk of loss than equities, and a higher rate of return than cash like investments.
  • Focus on minimising risk to capital and low volatility of returns.
Benchmark index
RBA Cash rate + 1.5%
Indicative number of stocks
15 – 25
Minimum suggested investment time frame
3 years
Asset allocation ranges

Debt and hybrid securities 70% – 100%

Cash 0% – 100%

Minimum model investment
$5,000
Management fee

Investment Fee Nil

Indirect Cost Ratio 0.26% p.a.

Performance Fee Nil

Investment objective

The model aims to invest in a portfolio of ASX listed debt and preference securities that offer diversification benefits to both Australian equities and cash or term deposits. The model’s return will be generated from a combination of cash (interest payments and dividends), franking credits and capital growth (realised and unrealised) from an actively managed portfolio strategy. The Shaw Hybrid Income Portfolio seeks to provide investors with a predictable level of income whilst minimising risk to capital.

Investment strategy and approach

The model manager aims to achieve the investment objectives via a qualitative and quantitative investment process. Key criteria and areas of focus are:

  • Credit quality of the issuer
  • Sector/Industry
  • Call date, conversion dates and final maturity details
  • Structure of instrument
  • Timing and composition of cash flows
  • Relative valuation of sector as a whole and between relevant securities, including the inclusion of new issues.
  • Liquidity and potential changes in liquidity

 

The portfolio will be diversified across the above criteria. The portfolio will be monitored against the manager’s expectations of equity returns, credit market implied volatilities and underlying interest rates in order to ensure it is invested across a range of market cycles to meet its return objective, while adhering to the risk tolerances set. The model manager has access to new issues of debt and preference securities and is able to include in the portfolio as it deems appropriate. The model manager’s institutional market experience with this asset class brings specialist knowledge to pricing and liquidity. Active management of the portfolio will take advantage of relative mispricing between securities and the asset class as a whole, while taking into consideration the impact of any micro and macroeconomic factors. The ability to lock in gains will be a key feature of the strategy in achieving its objectives.

Designed for investor who

Seek a sustainable income stream (inclusive of franking credits) over a 3 year + time frame, with a lower risk of loss than equities, and a higher rate of return than cash like investments.

Benchmark index
RBA Cash rate + 3% (inclusive of franking credits)
Indicative number of stocks
10 – 30
Minimum suggested investment time frame
3 years
Asset allocation ranges

Listed Australian hybrid securities 0% – 100%

Listed debt securities  0% – 80%

Cash  0% – 20%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.0% p.a.

Performance Fee: Nil

Investment objective

The primary objective of the Shaw Australian Equity Income (Large Cap) Portfolio is to provide a regular and sustainable fully franked dividend income stream over the medium term (3–5 years). It achieves this by investing in a portfolio of large-cap Australian listed companies and managed funds. Although the focus is yield generation, the investment process and risk management aims to ensure that risk to capital is minimised with the goal of some capital appreciation via both longer term price appreciation and actively locking in gains as deemed appropriate to the objectives.

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify stocks and strategies which have a relatively high dividend paying capability, and are likely to produce above average earnings growth with positive valuation characteristics.
The portfolio construction is based on macro-economic and thematic views of Shaw and Partners’ Research in order to best meet the risk and return objectives of the investment strategy. Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives. The investment process takes into consideration the risk around companies growing/maintaining their dividend characteristics with the result that this portfolio aims for a higher dividend yield than that of the broader market. The portfolio managers however manage the capital value of the portfolio to minimise the risk of the portfolio failing to achieve its risk and return objectives.

Designed for investor who
  • Seek franked dividend income as the primary objective from an Australian equities portfolio and some capital appreciation
  • Have an investment horizon of three years or more
  • Accept the risk of share price volatility
Benchmark index
S&P/ASX 100 Accumulation Index
Indicative number of stocks
15 – 25
Minimum suggested investment time frame
3 years
Asset allocation ranges

Australian Equities  80% – 100%

Cash 0% – 20%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.24% p.a.

Performance Fee: Nil

Investment objective

The objective of the Shaw Australian Equity (Large Cap) Core Portfolio is to provide regular income, capital appreciation and out performance of the S&P/ASX 100 Accumulation Index over the medium term (3–5 years) through investment in large cap shares listed in Australia.

Investment strategy and approach

Shaw and Partners’ Investment Process combines quantitative and qualitative criteria and analysis to identify stocks likely to produce above average earnings growth with positive valuation characteristics. The portfolio construction is based on macro-economic and thematic views of Shaw and Partners’ Research in order to best meet the risk and return objectives of the investment strategy. Continual assessment and risk management of bottom-up and top-down parameters is a core component of the Model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives. The Investment Process takes into consideration the yield and capital growth objectives of the portfolio and ensures that both are managed simultaneously to ensure that the portfolio is not overly skewed to any style or thematic that would increase the risk of the portfolio failing to meet its objectives.

Designed for investor who
  • Seek exposure to an Australian share portfolio that provides a franked income stream and capital appreciation;
  • Have an investment horizon of three years or more
  • Accept the risk of share price volatility.
Benchmark index
S&P/ASX 100 Accumulation Index
Indicative number of stocks
15 – 25
Minimum suggested investment time frame
3 years
Asset allocation ranges

Australian Equities  90% – 100%

Cash 0% – 10%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.00% p.a.

Performance Fee: Nil

Investment objective

The primary objective of the Shaw Australian Equity (Large Cap) Growth Portfolio is to provide a level of capital appreciation over the   longer term  (5–7 years). The portfolio is tilted towards stocks that have superior earning growth capacity and focus is on the total return of each stock rather than the dividend income as the prime objective. 

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify stocks which have a favourable outlook are likely to produce above average earnings growth with positive valuation characteristics. The portfolio construction is based on macro-economic and thematic views of Shaw and Partners’ Research in order to best meet the risk and return objectives of the investment strategy. Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives. The investment process takes into consideration the primary objective of capital growth. Although the portfolio will generate income, income focused stocks will be included if their total return criteria fits the portfolios objective.  Volatility of returns will be managed with the objective of a lower standard deviation of returns than the benchmark index.

Designed for investor who
  • Seek long term capital growth as the primary objective from an Australian equities portfolio and some income
  • Those investors in the accumulation phase
  • Have an investment horizon of five years or more
  • Accept the risk of share price volatility
Benchmark index
S&P/ASX 100 Accumulation Index
Indicative number of stocks
15 – 25
Minimum suggested investment time frame
5 years
Asset allocation ranges

Australian Equities  80% – 100%

Cash 0% – 20%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.00% p.a.

Performance Fee: Nil

Investment objective

The primary objective of the Shaw Australian Equity (Small and Mid-Cap) Growth Portfolio is to provide a level of capital appreciation over the longer term (5–7 years). The portfolio is tilted towards small and mid-sized stocks that have superior earning growth capacity and focus is on the total return of each stock rather than the dividend income as the prime objective.

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify stocks which have a relatively high dividend paying capability are likely to produce above average earnings growth with positive valuation characteristics. The portfolio construction is based on macro-economic and thematic views of Shaw and Partners’ Research in order to best meet the risk and return objectives of the investment strategy. Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives. The investment process takes into consideration the primary objective of capital growth. It aims to invest in companies where the share price does not fully reflect the potential value of the underlying business of the company.

Designed for investor who
  • Seek long term capital growth as the primary objective from and Australian equities portfolio and some income
  • Those investors in the accumulation phase
  • Have an investment horizon of five years or more
  • Accept the risk of share price volatility.
Benchmark index
S&P/ASX Small Ordinaries Accumulation Index
Indicative number of stocks
15 – 30
Minimum suggested investment time frame
5 years
Asset allocation ranges

Australian Equities  80% – 100%

Cash 0% – 20%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.35% p.a.

Performance Fee: Nil

Investment objective

The primary objective of the Shaw International Equity Portfolio is to provide long term capital growth and income from an investment in international equity markets, over the longer term (5–7 years). It achieves this by investing in a portfolio of securities have superior earning growth capacity and the focus is on the total return of each stock/index as the prime objective.

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify stocks/sectors/markets which have above average earnings growth with positive valuation characteristics and have some dividend paying capacity. The portfolio construction is based on macro-economic and thematic views of Shaw and Partners’ Research in order to best meet the risk and return objectives of the investment strategy. Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives. The investment process takes into consideration quality criteria such as return on equity, balance sheet, earnings sustainability, management, volatility and liquidity. The team will establish the underlying markets for investment and use a combination of ASX listed securities, LICs and ETFs, and managed funds to manage the exposure.

Designed for investor who
  • Seek diversification by accessing international equity markets (sectors/industries/companies) via ASX-listed ETFs and that may be underrepresented in Australia, with the potential of long term capital growth
  • Have an investment horizon of five years or more
  • Accept the risk of share price, index and foreign currency volatility.
Benchmark index
MSCI World Index (ex–Australia unhedged)
Indicative number of stocks
5 – 30
Minimum suggested investment time frame
5 years
Asset allocation ranges

International Equities  80% – 100%

Cash 0% – 20%

Minimum model investment
$5,000
Management fee

Investment Fee: Nil

Indirect Cost Ratio: 0.51% p.a.

Performance Fee: Nil

Investment objective

The primary objective of the Shaw Liquid Alternatives Portfolio is to provide regular and sustainable income and capital growth over the medium term (3–5 years) whilst minimising risk to capital. It achieves this by investing in a diversified  portfolio of asset classes and strategies that have low correlation with traditional equity and debt asset classes. This portfolio is designed to act as a volatility dampener and diversifier to an existing portfolio of liquid assets.

Investment strategy and approach

The portfolio is a blend of strategies and investments that can be expected to have a lower correlation to equities, bonds and other traditional beta style investments. The portfolio was designed primarily to lower the downside variance of an income, balanced or growth portfolio that uses a mixture of bonds and equities to derive a given long term return. The strategies and managers chosen for the portfolio have a demonstrable track record of minimising risk to capital during downturns and when blended in the appropriate weights can significantly reduce the downside potential of a bond and equity portfolio. Asset classes and strategies may include Global Macro, Managed Futures (Trends), Long/Short and Market Neutral, Commodities and Dynamic Markets. Only managers/investments that have daily pricing and liquidity can be considered. Continual assessment and research into alternative strategies and return streams is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives in all market conditions. The investment process takes into consideration the risk around asset classes and the underlying securities maintaining their growth characteristics whilst ensuring that the risk of a drawdown is adequately managed. The portfolio managers however manage the capital value of the portfolio to minimise the risk of the portfolio failing to achieve its risk and return objectives.

Designed for investor who
  • Investors seeking sustainable and lower volatility returns (mix of income and capital growth) as the primary objective that will be less impacted by large moves in underlying asset prices in traditional investments such as Equities and Bonds.
  • As a standalone investment option, suitable for investors looking for a lower risk/lower return exposure that is not correlated with traditional asset class returns.
  • Blended with a traditional income, balanced or growth portfolio to reduce drawdown and smooth returns.
  • Investors should have an investment horizon of three years or more, and
  • Accept the risk of volatility in their investment return.
Benchmark index
RBA Cash rate +3%
Indicative number of stocks
3 – 20
Minimum suggested investment time frame
3 years
Asset allocation ranges

Liquid alternative assets 80%–100%
Cash 0%–20%

Minimum model investment
$5,000
Management fee

Investment Fee Nil
Indirect Cost Ratio 1.21% p.a.
Performance Fee Nil

Investment objective

The portfolio seeks long term growth of capital by investing in an actively managed concentrated portfolio of listed securities considered by the portfolio manager to be of very high quality issued by companies with predictable growth.

Investment strategy and approach

The portfolio manager seeks to achieve the investment objective by composing a portfolio of highly liquid, listed securities of quality companies from the MSCI World universe. These companies are chosen for their specific growth and business characteristics, earnings development, financial position and experienced management.

Designed for investor who
  • Are considered longer term investors (5 years +)
  • Seek exposure to a concentrated portfolio of high quality global equities with superior return potential with generally low turnover
Benchmark index
MSCI World Index
Indicative number of stocks
25 – 35
Minimum suggested investment time frame
5 years
Asset allocation ranges

International Equities 90%–100%
Cash 0%–10%

Minimum model investment
$65,000
Management fee

Investment Fee 0.55% p.a.
Indirect Cost Ratio 0.00% p.a.
Performance Fee Nil

Investment objective

The primary objective of the Shaw Income Goal Portfolio is to provide a regular and sustainable income stream over the medium term (3–5 years) whilst minimising risk to capital. It achieves this by investing in a diversified portfolio of asset classes and strategies. The strategy is designed to have a medium level of risk.

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify asset classes, markets, securities and strategies which have a focus toward producing sustainable income as opposed to capital growth. The portfolio construction is based on macro-economic and thematic views of Shaw’s Research in order to best meet the risk and return objectives of the investment strategy. The portfolio is a blend of the Shaw and Partners SMA strategic portfolios based on their suitability to the income objective. Each goals based portfolio has effectively its own asset and risk allocation managed by the Shaw Portfolio Strategies Team. Asset classes and strategies may include cash, Australian debt securities, and Australian equities including property securities, international equities and alternative strategies (ETF and or managed funds).  Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives in all market conditions. The investment process takes into consideration the risk around asset classes and the underlying securities, maintaining their income characteristics whilst ensuring that the risk of a drawdown is adequately managed. The Portfolio Managers however manage the capital value of the portfolio to minimise the risk of the portfolio failing to achieve its risk and return objectives.

Designed for investor who
  • Seek income as the primary objective and some capital appreciation from a broad range of Australian and Global asset classes and strategies
  • Have an investment horizon of three years or more
  • Accept the risk of volatility in their investment return.
Benchmark index
RBA Cash rate + 3% (Gross Income and Total Return)
Indicative number of stocks
40 – 100 (Securities, Stocks and/or Funds (ETF and Managed))
Minimum suggested investment time frame
3 years
Asset allocation ranges

Shaw Debt Securities Income 0%–30%
Shaw Hybrid Income 0%–35%
Shaw Australian Equity Income (Large Cap) 0%–60%
Shaw International Equity 0%–40%
Liquid Alternatives 0%–40%
Cash 0%–100%

Minimum model investment
$50,000
Management fee

Investment Fee Nil

Indirect Cost Ratio 0.37% p.a.

Performance Fee Nil

Investment objective

The primary objective of the Shaw Balanced Portfolio is to provide a regular and sustainable income stream and capital growth over the medium term (4–6 years), together with some capital growth whilst minimising risk to capital. It achieves this by investing in a diversified portfolio of asset classes and strategies. The strategy is designed to have a moderate level of risk.

Investment strategy and approach

Investment Strategy and Approach The investment process combines quantitative and qualitative criteria and analysis to identify asset classes, markets, securities and strategies which have a focus toward producing sustainable income and capital growth. The portfolio construction is based on macro-economic and thematic views of Shaw’s Research in order to best meet the risk and return objectives of the investment strategy. The portfolio is a blend of the Shaw and Partners SMA strategic portfolios based on their suitability to the Balanced portfolio objective. Each goals based portfolio has effectively its own asset and risk allocation managed by the Shaw Portfolio Strategies Team. Asset classes and strategies may include cash, Australian debt securities, and Australian equities including property securities, international equities and alternative strategies (accessed via ASX listed ETFs and or managed funds). Continual assessment and risk management of bottom-up and topdown parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives in all market conditions. The investment process takes into consideration the risk around asset classes and the underlying securities maintaining their income and growth characteristics whilst ensuring that the risk of a drawdown is adequately managed. The Portfolio Managers however manage the capital value of the portfolio to minimise the risk of the portfolio failing to achieve its risk and return objectives.

Designed for investor who
  • Seek a balance of income and capital growth as the primary objective from a broad range of Australian and global asset classes and strategies
  • Have an investment horizon of four years or more
  • Accept a moderate risk of volatility in their investment return.
Benchmark index
RBA Cash rate + 4% (Gross Income and Total Return)
Indicative number of stocks
60 – 140 (Securities, Stocks and/or Funds (ETF and Managed))
Minimum suggested investment time frame
4 years
Asset allocation ranges

Shaw Debt Securities Income 0%–50%
Shaw Hybrid Income 0%–50%
Shaw Australian Equity Core (Large Cap) 0%–60%
Shaw Australian Equity Growth (Small and Mid-Cap) 0%–30%
Shaw International Equity 0%–40%
Liquid Alternatives 0%–40%
Cash 0%–100%

Minimum model investment
$50,000
Management fee

Investment Fee Nil

Indirect Cost Ratio 0.38% p.a.

Performance Fee Nil

Investment objective

The primary objective of the Shaw Growth Goal Portfolio is to provide regular and sustainable capital growth over the longer term (5–7 years). It achieves this by investing in a diversified portfolio of asset classes and strategies. The strategy is designed to have a high level of risk. It achieves this by investing in a diversified portfolio of asset classes and strategies. The strategy is designed to have a high level of risk.

Investment strategy and approach

The investment process combines quantitative and qualitative criteria and analysis to identify asset classes, markets, securities and strategies which have a focus toward producing capital growth over and above income. The portfolio construction is based on macro-economic and thematic views of Shaw’s Research in order to best meet the risk and return objectives of the investment strategy. The portfolio is a blend of the Shaw and Partners SMA strategic portfolios based on their suitability to the growth objective. Each goals based portfolio has effectively its own asset and risk allocation managed by the Shaw Portfolio Strategies Team. Asset classes and strategies may include cash, Australian debt securities, and Australian equities including property securities, international equities and alternative strategies (ETF and or managed funds). Continual assessment and risk management of bottom-up and top-down parameters is a core component of the model. Changes to the portfolio will be made as deemed appropriate by the investment team in order for the portfolio to have a high probability of meeting its objectives in all market conditions. The investment process takes into consideration the risk around asset classes and the underlying securities maintaining their growth characteristics whilst ensuring that the risk of a drawdown is adequately managed. The Portfolio Managers however manage the capital value of the portfolio to minimise the risk of the portfolio failing to achieve its risk and return objectives.

Designed for investor who
  • Seek capital growth as the primary objective and some income from a broad range of Australian and global asset classes and strategies
  • Have an investment horizon of five years or more
  • Accept the risk of volatility in their investment return.
Benchmark index
RBA Cash rate + 5%
Indicative number of stocks
30 – 100 per Asset Class Based Portfolio
Minimum suggested investment time frame
5 years
Asset allocation ranges

Shaw Australian Equity Growth (Large Cap) 0%–80%
Shaw Australian Equity Growth (Small and Mid-Cap) 0%–40%
Shaw International Equity 0%–40%
Liquid Alternatives 0%–40%
Cash 0%–100%

Minimum model investment
$50,000
Management fee

Investment Fee Nil

Indirect Cost Ratio 0.39% p.a.

Performance Fee Nil

 

 

    

Shaw Managed Accounts have a considerable number of advantages over investing in Managed Funds.

 

 

 

For more information about SMA, please download the Product Disclosure Statement and Investment Menu.

 


 

Find out more

For more information about Shaw Managed Accounts please speak to your adviser or complete the form below. One of our investment advisers will get in touch with you shortly.


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