Macquarie Wrap - Super Manager

Macquarie Wrap - Super Manager is part of the Manager suite of Wrap products offered by Macquarie Investment Management Limited and is designed for members who have advisers to assist them with personal advice in respect to their investments. Members are able to access an excellent range of investment options, including over 500 managed investments, Australian listed securities, a variety of term deposits and Separately Managed Account (SMA) Model Portfolios. The Macquarie Master Balanced Fund underperformed the SuperRatings Index over the 5 years to 30 June 2017.Fees are higher than the industry average across smaller account balances assessed. The administration fee applies to holdings in each investment, with a reduced administration fee applicable to balances over $50,000. An additional SMA administration fee may apply for holdings in SMA investments. There are no exit fees, while a switching fee is charged to changing investment options and participating in corporate actions. Members have access to a full suite of insurance cover, which is available through one or more insurance providers, including Death and Terminal Illness, Total and Permanent Disability and Income Protection. Premiums are tailored on an individual basis, and we are therefore unable to provide an accurate assessment at this time.Members and their adviser can track investments and access comprehensive reports online, while online trading is also available to advisers. Additionally, members have access to an automatic rebalancing facility to ensure their account stays in-line with their investment strategy.