Praemium

NEO SuperSMA - Account Based Pension

No. of members: 7041
Fund size: $1.3b
Public offer:
Product type: Master Trust-Allocated Pension
Target market: -
Year started: 2011
Past 5-year return
New
Admin fee

$209

Calc fees on 50k

$859

SuperRatings awards
Past 5-year return
New
Admin fee

$209

Calc fees on 50k

$859

SuperRatings awards

Pros and Cons

Pros and Cons

  • For available information refer to the fund's PDS.

Summary

NEO SuperSMA is a registered managed investment scheme of which Praemium Australia Limited is the responsible entity. The product can be accessed through the appointment of a financial adviser who can tailor an investment strategy solution on behalf of clients. A minimum initial investment of $5,000 is required to commence membership.Members can access a range of professionally managed Multi-Asset Model Portfolios and Single Asset Model Portfolios; such as managed funds or ETFs, via a Separately Managed Account (SMA). Members have the ability to invest in numerous Model Portfolios to suit their investment objectives. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.Fees are higher than the industry average across all account balances assessed; however, a reduced asset-based administration fee is applicable on account balances greater than $250K. The fee structure includes a monthly accounting fee, operational risk reserve levy and expense recovery fee. Brokerage fees are incurred when switching investments.NEO SuperSMA provides reasonable flexibility, with members having the ability to receive pension payments monthly through to annually. Beneficiary options include non-binding and non-lapsing binding nominations, as well as reversionary pensions.NEO SuperSMA provides secure online access where members can monitor their investment performance, view daily asset allocations and view and download a variety of investment reports.

Features and Fees

Praemium Fees and Features

    Pros and Cons

    • For available information refer to the fund's PDS.

    NEO SuperSMA is a registered managed investment scheme of which Praemium Australia Limited is the responsible entity. The product can be accessed through the appointment of a financial adviser who can tailor an investment strategy solution on behalf of clients. A minimum initial investment of $5,000 is required to commence membership.Members can access a range of professionally managed Multi-Asset Model Portfolios and Single Asset Model Portfolios; such as managed funds or ETFs, via a Separately Managed Account (SMA). Members have the ability to invest in numerous Model Portfolios to suit their investment objectives. Past performance of the fund is not readily available and therefore cannot be accurately measured against the relevant SuperRatings Indices.Fees are higher than the industry average across all account balances assessed; however, a reduced asset-based administration fee is applicable on account balances greater than $250K. The fee structure includes a monthly accounting fee, operational risk reserve levy and expense recovery fee. Brokerage fees are incurred when switching investments.NEO SuperSMA provides reasonable flexibility, with members having the ability to receive pension payments monthly through to annually. Beneficiary options include non-binding and non-lapsing binding nominations, as well as reversionary pensions.NEO SuperSMA provides secure online access where members can monitor their investment performance, view daily asset allocations and view and download a variety of investment reports.

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    Praemium Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Investment allocation
      INTERNATIONAL SHARES
      AUSTRALIAN SHARES
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      ALTERNATIVES
      FIXED INTEREST
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      Product
      Past 5-year return
      Admin fee
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      Calc fees on 50k
      Features
      SuperRatings awards
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