Asgard Open eWRAP
If you’re the kind of person who wants to take an active role in your investment decision making, then Asgard Open eWRAP is for you.
Asgard Open eWRAP is an easy-to-use wrap account that gives you access to cash, term deposits, more than 400 managed investments and a wide range of ASX listed securities.
There are two types of Asgard Open eWRAP accounts:
- Investment - this is used for your general (or non-super) investments. It provides a convenient way for you to ‘wrap up’ your managed investments, shares and your choice of cash account into one portfolio.
- Super/Pension: the super account lets you save for your retirement and the pension account provides you with tax-effective income in retirement.
Through your financial adviser you’re able to easily change and mix your investments at any time to respond to the market or to ensure your risk profile meets your changing lifestyle.
Is Asgard Open eWRAP right for you?
Use Asgard Open eWRAP if:
- you want a simple and transparent administration fee
- you want the flexibility to easily switch between a diverse range of managed investments at any time.
- you’d like regular, consolidated, easy-to-read reports about your investments.
- you’d enjoy viewing your account details, any time, any day, via Investor Online.
- you’re going to need the ability to transfer all or part of your benefits from a Super Account to a Pension Account in the future.
How to invest
The first thing you need to do is make an appointment with your financial adviser. Asgard Open eWRAP is only available through qualified financial advisers. If you don’t have an adviser, we can help you find an adviser.
Once you and your adviser have put together your financial plan, you can decide if an Asgard Open eWRAP account will suit your needs. You and your financial adviser can then explore the best mix of assets to suit your financial goals and risk profile.
Before you start investing through Asgard Open eWRAP Investment, you will need to choose your Cash Account (either eCASH or CASH Connect). With your approval, your adviser will then use AdviserNET (our online facility for financial advisers) to buy managed funds and shares using the money you’ve deposited in your Cash Account.
How it works
Here's how Asgard Open eWRAP Investment works:
Here's how Asgard Open eWRAP Super/Pension works:
Asgard Open eWRAP - Super/Pension
Asgard Open eWRAP Super Accounts
Other features of your Asgard Open eWRAP Super Account include:
Transfer from Super to Pension
You can easily transfer part or all of your benefits from an Asgard Open eWRAP Super Account to a tax-effective Asgard Open eWRAP Pension Account.
When you transfer from an Asgard Open eWRAP Super Account or Asgard Open eWRAP Pension Account to a new Asgard Open eWRAP Pension Account, we can transfer investments without selling them, so there is no disposal for capital gains tax purposes (super and transition to retirement only) and no charges associated with buying and selling investments. For the conditions that apply to these transfers refer to the Asgard Open eWRAP - Super/Pension PDS.
Choice of Fund
Your Asgard Open eWRAP Super Account is part of a complying super fund under ‘Choice of Fund’ legislation. We can accept any super contributions that you ask your employer to pay us (if you’re eligible).
Asgard Open eWRAP Pension Accounts
Other features of your Asgard Open eWRAP Pension Accounts include:
Access to benefits
With a pension account you can adjust the amount of your regular pension payments to suit your needs*. You can also choose the frequency of your pension payments - either monthly, quarterly or annual payments, and you can take all or part of your benefits as a lump sum payment.
*Note: This depends upon how much money you have in your account and is subject to limits set by legislation.
Investment earnings in Asgard Open eWRAP Pension Accounts are free of tax except for pre-retirement pensions (also known as transition to retirement pensions) which are taxable and treated in the same way as super accounts.
You will also receive the full value of any available franking credits on the managed investments and shares that fund your pension.
Transfers between Pensions
You can transfer part or all of your benefits from an existing Asgard Open eWRAP Pension Account to another Asgard Open eWRAP Pension Account without selling down your managed investments, which can eliminate transfer costs
You can invest in a term deposit on Asgard Open eWRAP, and with your interest rate fixed upfront, your money is secure for the length of the term.
Why invest in a term deposit?
Investing in a term deposit is a great way to get a return on money you have available while you look into other investments, like property. At rates higher than standard accounts, parking in term deposits makes real sense.
Where do I go for more information?
To find out more about investing in term deposits, including how and when interest is paid and what happens at maturity, take a look at our frequently asked questions.
Flexibility and choice
When you invest through Asgard Open eWRAP, you can select from an extensive range of managed investments and shares.
Through your financial adviser you’re able to change and mix your investments to respond to the market or to ensure your risk profile meets your changing lifestyle.
If you hold managed investments with other providers you can usually transfer these into your Asgard Open eWRAP - Investment Account.
If you want to sell some of your Asgard Open eWRAP managed investments, your financial adviser can nominate specific groups of these to help you manage your position.
To help protect your lifestyle and investments in the event of a personal crisis, Asgard offers a range of insurance options available through super.
- Salary Continuance
- Life Protection
- Total & Permanent Disablement (TPD)
Insurance options are available through:
- AIA Australia - Priority Protection for Platform Investors
Premiums for insurance can be paid directly from your Transaction Account.
One of the major advantages of Asgard Open eWRAP - Investment is that you can negotiate the fees you pay your financial adviser in relation to your account.
Asgard also gives you access to a range of wholesale managed investments with lower investment manager charges than retail funds (these are generally not directly available to retail investors).
Target Market Determinations for these products are available at bt.com.au/tmd
Asgard Open eWRAP Investment
Asgard Open eWRAP Super/Pension
Keeping you informed
Asgard Open eWRAP consolidates all the transactions from different investment managers and listed entities into one easy-to-read report.
You also receive a detailed Annual Investor Report each financial year, giving you a comprehensive but simple snapshot of your assets.
24 hour online access
You can also view your personal Account details 24 hours a day, 7 days a week, by logging onto Investor Online at www.investoronline.info.
Speak to a real person
If you’re having trouble finding the information you need online, we’re here to assist you with any questions you might have. So, if you prefer speaking with real people, based locally, call us on 1800 731 812 from 8:30am to 7:00pm (Sydney time) Monday to Friday.
Managing your Capital Gains Tax
When you want to sell some of the managed investments in your Asgard Open eWRAP Investment Account, through your financial adviser, you can nominate specific tax parcels of managed investments to be sold. Furthermore, if you have shares in your Asgard Open eWRAP Investment Account, with the help of your financial adviser you can choose the order in which shares should be sold.
This allows you to better manage and control the amount of capital gain or loss you incur when selling managed investments and shares.
The eWRAP Margin Lending facility provides you with the opportunity to borrow money to invest through your Asgard Open eWRAP Investment Account.
St.George Bank - A Division of Westpac Banking Corporation ABN 33 007 457 141 (St.George) is the issuer of eWRAP Margin Lending. St.George offers a competitive Acceptable Securities List (ASL), featuring a wide range of shares and managed investments with a range of loan-to-value ratios.
By borrowing money to invest in shares and managed investments through your Asgard Open eWRAP Investment Account, you can increase the size of your portfolio with the opportunity to potentially increase your returns. By providing a larger pool of money to invest in a wider range of shares or managed investments, eWRAP Margin Lending can also improve the diversification of your portfolio, and this diversification may help you to manage overall investment risk.
While margin lending can increase your potential for greater returns, it can also increase the potential for greater losses if investments perform poorly. If the value of your portfolio falls, your losses will be greater than if you had an un-geared investment. Due to this risk, margin lending may not be a suitable investment strategy for every investor.
You can apply for an eWRAP Margin Lending facility when you open your Asgard Open eWRAP Investment Account or at a later date.
View the latest interest rates that apply to eWRAP Margin Lending.
This information has been prepared without taking account of your objectives, financial situation or needs. Because of this, before acting on this information you should consider its appropriateness, having regard to your objectives, financial situation and needs. When considering margin lending, we strongly recommend you consult your financial adviser.
Transfers from other providers
You may be able to transfer managed investments that you currently hold with another provider into your Asgard Open eWRAP - Investment Account without a change in beneficial ownership, provided they are on the Available Products List.
You can also transfer shares that you already own into your Asgard Open eWRAP Investment Account and still retain legal and beneficial ownership.
In nearly all cases, no Capital Gains Tax is payable on the transfer of the managed investments into your account and no transfer fees apply.
Once these existing assets have been transferred to your account, Asgard will report on them, along with any other investments you may choose in your Asgard Open eWRAP portfolio.
Asgard Open eWRAP has a Regular Buy facility for managed investments. Simply choose how much you want to invest into one or more managed investments on a regular basis - either monthly or quarterly.
Your financial adviser can set this up for you. Asgard will deduct money from your account and buy the managed investments you have nominated.
Start your Regular Buy for as little as $100 per month.
Regular deposit plan
You can use a Regular Deposit Plan to save for your retirement in a more disciplined way. You can start your plan with as little as $100 per month.
Remember, the sooner you start, the easier it will be to reach your retirement goals.