Customising Separately Managed Accounts for your client

You can set asset and GICS (Global Industry Classification Standard^®) sector exclusions within an Separately Managed Account (SMA) to prevent the purchase of a particular asset and to sell down any existing holdings in them.

You can customise listed securities, managed investments and GICS sectors that are available for investment through an SMA account. Please note customisations apply differently for GICS sectors and assets:

• Sector – this customisation is applied to an industry sector (via a Global Industry Classification Standard^® (GICS) and only applies to direct listed equity holdings. 
• Security – this customisation is applied to listed equities, managed investments and ETFs within the SMA account. It does not apply to holdings within managed investments held within the SMA. 

You can customise your client’s SMA to tailor their investments to their personal preferences. SMA customisations are particularly useful for charities, endowments, individuals and directors who may:

• have a strong preference to avoid investments in securities or sectors that are not aligned with the values of an organisation or individual e.g. avoidance of gaming, alcohol and tobacco industries
• be unable to hold a specific security due to a directorship or board position
• want to better coordinate their SMAs with existing investments.

SMA customisation is available across IDPS, Super and Pension accounts. Please note Accumulator accounts can’t hold SMAs.

You can change your client’s SMAs customisations in Adviser Online by following the instructions below: 

1. Log in to Adviser Online
2. Under the Clients tab in the side navigation, select Accounts and search for your client’s account
3. Select Account details
4. Under the Features section, expand the SMA customisations accordion and click on the Add SMA customisations/Update SMA customisations button. This will launch the SMA customisations wizard.
5. To apply new SMA customisations, enter the asset/GICS sector code or name in the search field and select the asset/GICS sector in the drop-down you want to exclude from the client’s SMAs. The selected asset/GICS sector will be added to the customisations table.
6. To remove an SMA customisation, select the ‘bin’ icon next to the SMA customisation you wish to remove
7. Select Confirm to review the SMA customisation updates and disclaimers.
8. Select Submit.

SMA customisations can be set on the account any time and are applied to all new and existing SMAs purchased for your client’s Macquarie Wrap account. This means you won’t need to re-apply the SMA customisation for each individual SMA within the same Macquarie Wrap account.

SMA customisations are implemented one business day after submission and will remain in place until removed. The selected assets and GICS sectors will be excluded from SMA accounts and any existing holdings in your client’s SMA accounts will be fully sold down and won’t be bought back in any future rebalance.

You can apply multiple customisations to your client’s SMA accounts at the same time. 

SMA customisations are applied one business day after submission and will remain in place until removed.

Listed securities and ETF sell downs are generally T+2, while indicative redemption time frames for managed investments can be found by referring to the Wholesale fund information via Quick Links on Wrap Online. Non-daily pricing funds (NDPF) process orders on their own schedule. A NDPF may take over 30 days to settle.

You can find a list of NDPFs, by following the instructions below:

1. Log in to Adviser Online
2. Select Investment Menu from the main Dashboard
3. Under the heading Registers, select the current Non daily pricing fund timetable.

You can view your client’s SMA customisations in Adviser Online by following the instructions below: 

1. Log in to Adviser Online
2. Click Clients on the menu under the Macquarie icon and select your client’s Wrap account 
3. Select Account details and SMA customisation is located under Features.

You can remove the restriction by clicking the minus button on the Enter or maintain SMA customisation page.

You can review when SMA customisations were applied and removed from your client’s account in Adviser Online:

1.  Log in to Adviser Online
2. Under the Clients tab in the side navigation, select Accounts and search for your client’s account
3. Select Account details and expand the SMA customisations accordion located under Features
4. Select View history. Please note, you won’t be able to see the view history button if the account has never applied any SMA customisation.