Shaw and Partners

Shaw and Partners is one of Australia’s preeminent investment and wealth management firms.

With a national presence and $16 billion of assets under advice, Shaw and Partners offers the intimacy of a boutique investment firm with the resources and scale of a major financial group.

We are privately owned and client focused, having helped our clients manage and grow their financial assets for over 30 years. Our emphasis on integrity has enabled us to achieve very high levels of client satisfaction, while unlocking opportunities of significant value.

Backed by fresh thinking, robust research and some of the nation’s best investment and wealth experts, our business has been designed to meet the growing needs of our clients. Shaw and Partners offers access to an extensive team of private client advisers, institutional sales and trading specialists, market leading research analysts and strategic corporate financiers.

By working closely with clients and targeting their needs, we have forged strong long-term relationships. So, whether you are an ordinary investor, high net worth individual, charity, institution or corporate, our goal is simple: to listen to you, then act according to your needs alone.
Profile Video
Funds Under Management $16b
Staff / Employees 280
our team
  • Martin Crabb View Profile
    Chief Investment Officer
  • Steve Anagnos View Profile
    Co-Head, Income Strategies
  • Cameron Duncan View Profile
    Co-Head, Income Strategies
Investment Models
Investment Objective
The model invests in a portfolio of ASX listed hybrid securities, debt-based ETFs and debt specialist managed funds. This portfolio offers 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, hybrid dividends (cash and franking credits) and capital growth (realised and unrealised), providing investors with a predictable level of income whilst minimising risk to capital.
Typical Investor
Investors that 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.
Investment Strategy and Approach
We aim 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 and timing and composition of cash flows. 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.
Minimum Investment Amount
$25,000

Model Composition

Allocation as at January 2019

    Allocation & Fees
    Enter an investment amount then scroll down to see an indicative example of the portfolio you would own, as well as the associated fee.
    Shaw and Partners Defensive Income
    This example is an out-of-date breakdown of this model and should not be taken to represent our current thinking or composition
    Cash 0.02% $2,000
    Code Security name Weighting % Amount
    CASH Cash 0.02% $20
    Cash 0.02% $2,000
    Australian Fixed Interest 99.98% $9,998,000
    Code Security name Weighting % Amount
    ANZPG CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-03-24 5.91% $5,909
    SSB0122AU Legg Mason Western Asset Australian Bond A 3.81% $3,812
    PLUS VanEck Vectors Australian Corporate Bond Plus ETF 3.20% $3,198
    NABPD CAP NOTE 3-BBSW+4.95% PERP NON-CUM RED T-07-22 4.92% $4,921
    NABPC CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-07-23 8.03% $8,026
    NABPB CNV PREF 3-BBSW+3.25% PERP NON-CUM RED T-12-22 5.25% $5,246
    NABPA CNV PREF 3-BBSW+3.20% PERP NON-CUM RED T-03-21 3.66% $3,663
    NABHA HYBRID 3-BBSW+1.25% PERP SUB EXCH NON-CUM STAP 5.64% $5,643
    MXT MCP Master Income 3.55% $3,554
    MQGPC CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-12-24 8.01% $8,011
    MBLPA CAP NOTE 6-BBSW+3.30% PERP NON-CUM RED T-03-23 3.67% $3,672
    IANG CONVERT BOND 3-BBSW+4.00% PERP SUB NON-CUM EX RES 4.66% $4,657
    IAF iShares Core Composite Bond ETF 2.17% $2,170
    FRT0027AU Franklin Aust. Rtrn Bond Fund 3.42% $3,422
    CHN0005AU CC JCB Active Bond 3.82% $3,825
    CBAPG CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-04-25 3.89% $3,892
    CBAPE CAP NOTE 3-BBSW+5.20% PERP NON-CUM RED T-10-21 4.65% $4,654
    CBAPD CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-24 7.58% $7,581
    WBCPF CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-03-21 6.94% $6,942
    WBCPG CAP NOTE 3-BBSW+4.90% PERP NON-CUM RED T-12-21 7.20% $7,199
    Australian Fixed Interest 99.98% $9,998,000
    100.00%
    Total
    $100,019
    Your monthly fee
    Model Portfolio Fee
    $ - per month
    +
    OpenInvest Fee
    FREE First 12 months
    =
    Monthly Fee
    $ -

    After the initial 12 month free period, the monthly OpenInvest fee will be $ - per month based on the investment amount entered.

    Model Portfolio Fee
    $ - per month
    This includes:

    Shaw and Partners Fee, which covers their professional investment management expertise, intellectual property, research, analysis, modelling, asset allocation, and buying and selling decisions. This fee is deducted directly from your investment account.

    The Indirect Cost, which is an estimate of underlying charges of some of the holdings Shaw and Partners may invest in, such as ETFs and managed funds. These charges are automatically deducted by those funds, rather than coming out of your account.

    OpenInvest Fee
    FREE for the first 12 monthsthen $ - per month

    The OpenInvest Fee covers all costs of administering your portfolio, including updating your portfolio - based on decisions of your chosen investment manager - and detailed reporting. This fee is deducted directly from your investment account.

    • No hidden fees or charges
    • We pay for brokerage
    • You keep all interest earned

    A Transaction Cost is an underlying charge levied by an ETF or managed fund when you buy into or sell out of a fund.

    The estimated initial transaction cost for the funds in this model portfolio on a $100000 investment is $ -.

    All fees and charges are inclusive of GST.

    Ready to Invest?

    Our single, simple fee covers administration and operations by OpenInvest, the services of your chosen investment manager, and any indirect costs.

    Investment Objective
    The primary objective of this 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.
    Typical Investor
    Investors that seek income as the primary objective, and some capital appreciation from a broad range of Australian and global asset classes and strategies and accept the risk of share price volatility.
    Investment Strategy and Approach
    The investment process combines quantitative and qualitative criteria and analysis to identify asset classes, markets and 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 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 Hybrid Securities and Australian equities including property securities, international equities funds and alternative strategies (ETFs and or managed funds).
    Minimum Investment Amount
    $25,000

    Model Composition

    Allocation as at January 2019

      Allocation & Fees
      Enter an investment amount then scroll down to see an indicative example of the portfolio you would own, as well as the associated fee.
      Shaw and Partners Sustainable Income
      This example is an out-of-date breakdown of this model and should not be taken to represent our current thinking or composition
      Cash 0.01% $1,000
      Code Security name Weighting % Amount
      CASH Cash 0.01% $10
      Cash 0.01% $1,000
      Australian Shares 31.77% $31,768
      Code Security name Weighting % Amount
      AGL AGL Energy 1.59% $1,586
      WBC Westpac Banking 2.72% $2,717
      URW Unibail Rodamco Wfld 1.28% $1,275
      SYD Sydney Airport 1.50% $1,500
      SUN Suncorp Grp 1.78% $1,785
      SHL Sonic Healthcare 1.80% $1,797
      SGP Stockland 1.41% $1,413
      SCG Scentre Grp 1.69% $1,694
      RHC Ramsay Health Care 1.87% $1,872
      NAB National Aust Bank 2.67% $2,673
      WES Wesfarmers 1.72% $1,721
      MFG Magellan Fin Grp 1.56% $1,560
      JBH JB Hi-Fi 1.75% $1,746
      MQG Macq Grp 1.90% $1,897
      WPL Woodside Pet 1.73% $1,728
      AWC Alumina 1.47% $1,475
      BHP BHP 1.74% $1,743
      BOQ Bank of Qld 1.59% $1,588
      Australian Shares 31.77% $31,768
      International Shares 15.11% $15,114
      Code Security name Weighting % Amount
      MAL0018AU Blackrock Global Allocation Aus 3.15% $3,150
      HGI0005AU Janus Henderson Global Equity Income 11.96% $11,964
      International Shares 15.11% $15,114
      Australian Fixed Interest 40.21% $4,021,000
      Code Security name Weighting % Amount
      WBCPG CAP NOTE 3-BBSW+4.90% PERP NON-CUM RED T-12-21 2.28% $2,282
      WBCPF CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-03-21 2.20% $2,202
      ANZPG CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-03-24 1.87% $1,875
      SSB0122AU Legg Mason Western Asset Australian Bond A 2.83% $2,827
      CBAPD CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-24 2.41% $2,407
      CBAPE CAP NOTE 3-BBSW+5.20% PERP NON-CUM RED T-10-21 1.48% $1,477
      CBAPG CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-04-25 1.23% $1,229
      PLUS VanEck Vectors Australian Corporate Bond Plus ETF 2.38% $2,382
      NABPD CAP NOTE 3-BBSW+4.95% PERP NON-CUM RED T-07-22 1.56% $1,563
      NABPC CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-07-23 2.55% $2,551
      NABPA CNV PREF 3-BBSW+3.20% PERP NON-CUM RED T-03-21 1.16% $1,162
      NABHA HYBRID 3-BBSW+1.25% PERP SUB EXCH NON-CUM STAP 1.79% $1,793
      CHN0005AU CC JCB Active Bond 2.84% $2,838
      MXT MCP Master Income 2.64% $2,637
      MQGPC CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-12-24 2.54% $2,540
      FRT0027AU Franklin Aust. Rtrn Bond Fund 2.55% $2,548
      MBLPA CAP NOTE 6-BBSW+3.30% PERP NON-CUM RED T-03-23 1.16% $1,160
      IANG CONVERT BOND 3-BBSW+4.00% PERP SUB NON-CUM EX RES 1.48% $1,477
      NABPB CNV PREF 3-BBSW+3.25% PERP NON-CUM RED T-12-22 1.66% $1,663
      IAF iShares Core Composite Bond ETF 1.60% $1,605
      Australian Fixed Interest 40.21% $4,021,000
      Alternatives 12.90% $12,900
      Code Security name Weighting % Amount
      GMO0006AU Gmo Systematic Global Macro Trust 5.77% $5,769
      ASX6124AU Auscap Long Short Aus Equs 2.38% $2,378
      MAQ0482AU Macquarie Winton Global Alpha 2.37% $2,373
      GOLD ETFS Physical Gold 2.38% $2,380
      Alternatives 12.90% $12,900
      100.00%
      Total
      $100,009
      Your monthly fee
      Model Portfolio Fee
      $ - per month
      +
      OpenInvest Fee
      FREE First 12 months
      =
      Monthly Fee
      $ -

      After the initial 12 month free period, the monthly OpenInvest fee will be $ - per month based on the investment amount entered.

      Model Portfolio Fee
      $ - per month
      This includes:

      Shaw and Partners Fee, which covers their professional investment management expertise, intellectual property, research, analysis, modelling, asset allocation, and buying and selling decisions. This fee is deducted directly from your investment account.

      The Indirect Cost, which is an estimate of underlying charges of some of the holdings Shaw and Partners may invest in, such as ETFs and managed funds. These charges are automatically deducted by those funds, rather than coming out of your account.

      OpenInvest Fee
      FREE for the first 12 monthsthen $ - per month

      The OpenInvest Fee covers all costs of administering your portfolio, including updating your portfolio - based on decisions of your chosen investment manager - and detailed reporting. This fee is deducted directly from your investment account.

      • No hidden fees or charges
      • We pay for brokerage
      • You keep all interest earned

      A Transaction Cost is an underlying charge levied by an ETF or managed fund when you buy into or sell out of a fund.

      The estimated initial transaction cost for the funds in this model portfolio on a $100000 investment is $ -.

      All fees and charges are inclusive of GST.

      Ready to Invest?

      Our single, simple fee covers administration and operations by OpenInvest, the services of your chosen investment manager, and any indirect costs.

      Investment Objective
      The primary objective of this portfolio is to provide capital growth and some income over the medium term (4–6 years) whilst minimising risk to capital. It achieves this by investing in a diversified portfolio of asset classes and strategies.
      Typical Investor
      Investors that seek a balance of income and capital growth as the primary objective from a broad range of Australian and global asset classes and strategies.
      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 and some 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. Asset classes and strategies may include cash, Australian debt securities, Hybrid Securities and Australian equities including property securities, international equities funds and alternative strategies (accessed via ASX listed ETFs and or managed funds).
      Minimum Investment Amount
      $25,000

      Model Composition

      Allocation as at January 2019

        Allocation & Fees
        Enter an investment amount then scroll down to see an indicative example of the portfolio you would own, as well as the associated fee.
        Shaw and Partners Robust Growth
        This example is an out-of-date breakdown of this model and should not be taken to represent our current thinking or composition
        Cash 0.01% $1,000
        Code Security name Weighting % Amount
        CASH Cash 0.01% $10
        Cash 0.01% $1,000
        Australian Shares 39.50% $3,950,000
        Code Security name Weighting % Amount
        WPL Woodside Pet 1.95% $1,949
        NAB National Aust Bank 2.25% $2,254
        OPS0002AU OC Premium Small Companies 3.02% $3,023
        OSH Oil Search 1.24% $1,235
        MQG Macq Grp 1.98% $1,976
        MGR Mirvac Grp 1.02% $1,025
        WES Wesfarmers 1.02% $1,015
        OZL OZ Min 1.03% $1,033
        LLC Lendlease Grp 0.99% $988
        RIO Rio Tinto 1.40% $1,397
        SCG Scentre Grp 0.98% $976
        SGP Stockland 1.03% $1,030
        FLT Flight Centre Travel 1.01% $1,014
        FMG Fortescue Metals Grp 1.05% $1,052
        EVN Evolution Min 1.60% $1,596
        BHP BHP 3.22% $3,216
        BOQ Bank of Qld 0.99% $986
        CBA Commonwealth Bank of Aust 3.04% $3,039
        CTX Caltex Aust 1.20% $1,201
        CSA0131AU Aberdeen Standard Australian Small Companies 2.33% $2,327
        WBC Westpac Banking 2.50% $2,498
        SUN Suncorp Grp 1.45% $1,449
        FID0026AU Fidelity Future Leaders 2.26% $2,260
        VCX Vicinity Centres 0.98% $981
        Australian Shares 39.50% $3,950,000
        International Shares 18.83% $18,835
        Code Security name Weighting % Amount
        MAL0018AU Blackrock Global Allocation Aus 3.80% $3,804
        ETL0071AU T. Rowe Price Global Equity Fund 15.03% $15,031
        International Shares 18.83% $18,835
        Australian Fixed Interest 26.15% $26,147
        Code Security name Weighting % Amount
        WBCPF CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-03-21 1.32% $1,324
        SSB0122AU Legg Mason Western Asset Australian Bond A 1.87% $1,871
        NABPD CAP NOTE 3-BBSW+4.95% PERP NON-CUM RED T-07-22 0.99% $990
        WBCPG CAP NOTE 3-BBSW+4.90% PERP NON-CUM RED T-12-21 1.38% $1,378
        PLUS VanEck Vectors Australian Corporate Bond Plus ETF 1.58% $1,575
        NABPC CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-07-23 1.53% $1,528
        MBLPA CAP NOTE 6-BBSW+3.30% PERP NON-CUM RED T-03-23 0.99% $988
        NABPA CNV PREF 3-BBSW+3.20% PERP NON-CUM RED T-03-21 0.99% $994
        CBAPD CAP NOTE 3-BBSW+2.80% PERP NON-CUM RED T-12-24 1.44% $1,442
        CBAPE CAP NOTE 3-BBSW+5.20% PERP NON-CUM RED T-10-21 0.99% $992
        CBAPG CAP NOTE 3-BBSW+3.40% PERP NON-CUM RED T-04-25 0.99% $986
        CHN0005AU CC JCB Active Bond 1.87% $1,872
        FRT0027AU Franklin Aust. Rtrn Bond Fund 1.68% $1,682
        NABPB CNV PREF 3-BBSW+3.25% PERP NON-CUM RED T-12-22 1.00% $1,003
        ANZPG CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-03-24 1.13% $1,127
        IAF iShares Core Composite Bond ETF 1.06% $1,059
        IANG CONVERT BOND 3-BBSW+4.00% PERP SUB NON-CUM EX RES 0.99% $991
        MQGPC CAP NOTE 3-BBSW+4.00% PERP NON-CUM RED T-12-24 1.53% $1,528
        MXT MCP Master Income 1.74% $1,738
        NABHA HYBRID 3-BBSW+1.25% PERP SUB EXCH NON-CUM STAP 1.08% $1,077
        Australian Fixed Interest 26.15% $26,147
        Alternatives 15.51% $15,499
        Code Security name Weighting % Amount
        MAQ0482AU Macquarie Winton Global Alpha 3.16% $3,155
        ASX6124AU Auscap Long Short Aus Equs 3.15% $3,147
        GOLD ETFS Physical Gold 3.17% $3,167
        GMO0006AU Gmo Systematic Global Macro Trust 6.03% $6,029
        Alternatives 15.51% $15,499
        100.00%
        Total
        $100,010
        Your monthly fee
        Model Portfolio Fee
        $ - per month
        +
        OpenInvest Fee
        FREE First 12 months
        =
        Monthly Fee
        $ -

        After the initial 12 month free period, the monthly OpenInvest fee will be $ - per month based on the investment amount entered.

        Model Portfolio Fee
        $ - per month
        This includes:

        Shaw and Partners Fee, which covers their professional investment management expertise, intellectual property, research, analysis, modelling, asset allocation, and buying and selling decisions. This fee is deducted directly from your investment account.

        The Indirect Cost, which is an estimate of underlying charges of some of the holdings Shaw and Partners may invest in, such as ETFs and managed funds. These charges are automatically deducted by those funds, rather than coming out of your account.

        OpenInvest Fee
        FREE for the first 12 monthsthen $ - per month

        The OpenInvest Fee covers all costs of administering your portfolio, including updating your portfolio - based on decisions of your chosen investment manager - and detailed reporting. This fee is deducted directly from your investment account.

        • No hidden fees or charges
        • We pay for brokerage
        • You keep all interest earned

        A Transaction Cost is an underlying charge levied by an ETF or managed fund when you buy into or sell out of a fund.

        The estimated initial transaction cost for the funds in this model portfolio on a $100000 investment is $ -.

        All fees and charges are inclusive of GST.

        Ready to Invest?

        Our single, simple fee covers administration and operations by OpenInvest, the services of your chosen investment manager, and any indirect costs.

        Investment Objective
        The primary objective is to provide capital growth over the longer term (5–7 years). It achieves this by investing in a diversified portfolio of asset classes and strategies.
        Typical Investor
        Investors that seek capital growth as the primary objective, and some income from a broad range of Australian and global asset classes and strategies. and are prepared to accept a higher level risk of volatility in their investment return.
        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. 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. Asset classes and strategies may include cash, Australian equities including property securities, international equities funds and alternative strategies (accessed via ASX listed ETFs and or managed funds).
        Minimum Investment Amount
        $25,000

        Model Composition

        Allocation as at January 2019

          Allocation & Fees
          Enter an investment amount then scroll down to see an indicative example of the portfolio you would own, as well as the associated fee.
          Shaw and Partners Maximum Growth
          This example is an out-of-date breakdown of this model and should not be taken to represent our current thinking or composition
          Cash 0.01% $1,000
          Code Security name Weighting % Amount
          CASH Cash 0.01% $10
          Cash 0.01% $1,000
          Australian Shares 61.29% $6,129,000
          Code Security name Weighting % Amount
          ALL Aristocrat Leisure 2.52% $2,521
          SEK Seek 2.26% $2,258
          RMD ResMed Inc 2.68% $2,678
          OZL OZ Min 2.14% $2,145
          OSH Oil Search 2.17% $2,174
          OPS0002AU OC Premium Small Companies 6.85% $6,852
          MQG Macq Grp 2.31% $2,308
          MFG Magellan Fin Grp 2.26% $2,258
          LNK Link Admin Hldg 1.97% $1,972
          LLC Lendlease Grp 2.05% $2,050
          JHX James Hardie Ind 1.72% $1,718
          JHG Janus Henderson 2.05% $2,053
          SYD Sydney Airport 2.22% $2,221
          TWE Treasury Wine 2.13% $2,126
          GMG Goodman Grp 2.28% $2,277
          FMG Fortescue Metals Grp 2.55% $2,550
          FID0026AU Fidelity Future Leaders 5.11% $5,106
          CWN Crown Resorts 2.05% $2,047
          CSL CSL 2.36% $2,363
          CSA0131AU Aberdeen Standard Australian Small Companies 5.27% $5,269
          COH Cochlear 2.33% $2,325
          CAR Carsales.com 1.88% $1,883
          BHP BHP 2.15% $2,154
          Australian Shares 61.29% $6,129,000
          International Shares 21.73% $21,725
          Code Security name Weighting % Amount
          ETL0071AU T. Rowe Price Global Equity Fund 17.58% $17,578
          MAL0018AU Blackrock Global Allocation Aus 4.15% $4,146
          International Shares 21.73% $21,725
          Alternatives 16.97% $16,967
          Code Security name Weighting % Amount
          MAQ0482AU Macquarie Winton Global Alpha 3.13% $3,128
          ASX6124AU Auscap Long Short Aus Equs 3.12% $3,121
          GMO0006AU Gmo Systematic Global Macro Trust 7.59% $7,589
          GOLD ETFS Physical Gold 3.13% $3,129
          Alternatives 16.97% $16,967
          100.00%
          Total
          $100,010
          Your monthly fee
          Model Portfolio Fee
          $ - per month
          +
          OpenInvest Fee
          FREE First 12 months
          =
          Monthly Fee
          $ -

          After the initial 12 month free period, the monthly OpenInvest fee will be $ - per month based on the investment amount entered.

          Model Portfolio Fee
          $ - per month
          This includes:

          Shaw and Partners Fee, which covers their professional investment management expertise, intellectual property, research, analysis, modelling, asset allocation, and buying and selling decisions. This fee is deducted directly from your investment account.

          The Indirect Cost, which is an estimate of underlying charges of some of the holdings Shaw and Partners may invest in, such as ETFs and managed funds. These charges are automatically deducted by those funds, rather than coming out of your account.

          OpenInvest Fee
          FREE for the first 12 monthsthen $ - per month

          The OpenInvest Fee covers all costs of administering your portfolio, including updating your portfolio - based on decisions of your chosen investment manager - and detailed reporting. This fee is deducted directly from your investment account.

          • No hidden fees or charges
          • We pay for brokerage
          • You keep all interest earned

          A Transaction Cost is an underlying charge levied by an ETF or managed fund when you buy into or sell out of a fund.

          The estimated initial transaction cost for the funds in this model portfolio on a $100000 investment is $ -.

          All fees and charges are inclusive of GST.

          Ready to Invest?

          Our single, simple fee covers administration and operations by OpenInvest, the services of your chosen investment manager, and any indirect costs.