Yellow Brick Road has launched 10 separately managed accounts (SMAs) with a minimum investment of $25,000. The SMAs allow investors to put their money across one or more available investment portfolios such as managed funds, ETFs, direct equities and property.
"Building SMAs with a lower entry point into our investment product offering is another pillar to our approach to bring quality advice to more Australians," Yellow Brick Road chief executive Matt Lawler said.
"We are always looking at how we can lower the costs and improve the results for those still working and striving to get ahead."
The 10 SMAs are available for both super and ordinary savings. Five of those utilise a combination of active and passive management and five utilise only passive management at a low cost. All provide active asset allocation and regular rebalancing, the company said.
Each set of five SMAs ranges from low volatility/low growth to high volatility/high growth. In the coming months, two more SMAs for share investors will join the current 10 options.
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