Enjoy direct fixed income ownership with professional management
I am pleased to inform you that FIIG has launched a ground-breaking new service - the Managed Income Portfolio Service - which will make it much easier to manage a direct fixed income portfolio.
The Managed Income Portfolio Service (MIPS) allows you to retain control of your fixed income portfolio’s investment strategy while delegating all of its day-to-day management to our experienced funds management team. This is a common service in equity markets however, is a first for fixed income markets.
This means you can continue to enjoy the many benefits of direct bond ownership, including reliable income and complete transparency, while greatly cutting your administration burden.
If you take advantage of MIPS you will enjoy:
- Full professional investment management, by delegating the day-to-day running of your portfolio of fixed income securities to our experts
- Simple and direct ownership with no structuring, meaning you have direct beneficial ownership of the portfolio of fixed income securities via your own custody account
- Regular and timely income
- Full transparency, with details of your portfolio’s performance, valuations, transactions and income all available online
- A simpler life. You receive your fixed income portfolio management, administration, reporting and custody in one place
- Less time spent on administration. FIIG receives and administers any notices and corporate actions related to your investments
- Portfolio Diversification. Each Managed Portfolio Account will be invested in a minimum number of fixed income securities, as specified in your selected Investment Program
- A simple and clear fee structure
The new MIPS offering has been developed as a result of feedback from investors and advisers who understand and enjoy the benefits of direct ownership of bonds but would like the added benefits that come with having a professional investment manager monitoring their investments and making the day-to-day portfolio management decisions.
It is currently available to wholesale investors with a minimum investment amount of $250,000.
To find out more about investing via MIPS, download the information pack or call us on 1800 01 01 81.
Disclaimer: To the extent of any inconsistency between this document and the FIIG Managed Income Portfolio Services Information Memorandum, the terms of the Managed Income Portfolio Services Information Memorandum prevail.
Investment available to Wholesale Clients only, no cooling off period
Investments in fixed income using FIIG Managed Income Portfolio Service (MIPS) is only available to “Wholesale Clients” (within the meaning of section 761G of the Corporations Act 2001 (Cth)). You may only apply for a Managed Portfolio Account by completing the Managed Portfolio Account Application Form. As Wholesale Clients, investors in the Managed Income Portfolio Service will not receive a product disclosure statement and will not have any cooling off rights.
The MIPS Information Memorandum is not a prospectus or product disclosure statement for the purposes of the Corporations Act and has not been lodged with the Australian Securities and Investments Commission (ASIC).
No offer outside Australia
Neither this document or the MIPS Information Memorandum constitute an offer in any jurisdiction in which, or to any person to whom, it would not be lawful to make such an offer. No action has been taken to register or qualify the interests or the offer, or to otherwise permit a public offering of interests in any jurisdiction outside Australia.
Information in the MIPS Information Memorandum and this document is subject to change from time to time. Investors in MIPS will be notified of any updates, and a paper copy explaining any changes will be available on request.
No personal advice
FIIG Securities Limited ABN 68 085 661 632, AFS Licence No. 224659 (‘FIIG’) is authorised to provide general financial product advice only. As a result, this document, the MIPS Information Memorandum, the Managed Portfolio Account Application Form and any information or advice, has been provided by FIIG without taking account of your objectives, financial situation and needs. FIIG’s AFS Licence does not authorise it to give personal advice. Because of this, you should, before acting on any advice from FIIG, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. If this document relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a product disclosure statement relating to the product and consider the statement before making any decision about whether to acquire the product. Neither FIIG, nor any of its directors, authorised representatives, employees, or agents, makes any representation or warranty as to the reliability, accuracy, or completeness, of this document, the MIPS Information Memorandum or the Managed Portfolio Account Application Form. Nor do they accept any liability or responsibility arising in any way (including negligence) for errors in, or omissions from, this document, the MIPS Information Memorandum or the Managed Portfolio Account Application Form. FIIG, its staff and related parties earn fees and revenue from dealing in the securities as principal or otherwise and may have an interest in any securities mentioned in this document, the MIPS Information Memorandum or the Managed Portfolio Account Application Form. Any reference to credit ratings of companies, entities or financial products must only be relied upon by a ‘wholesale client’ as that term is defined in section 761G of the Corporations Act 2001 (Cth). FIIG strongly recommends that you seek independent accounting, financial, taxation, and legal advice, tailored to your specific objectives, financial situation or needs, prior to making any investment decision. FIIG does not make a market in the securities or products that may be referred to in this document, the MIPS Information Memorandum or the Managed Portfolio Account Application Form.
Investment via the Managed Income Portfolio Service is not a deposit with, or any other liability of, FIIG or any of its affiliates. It is subject to investment risk, including possible delays in selling your investments or repayment of withdrawal proceeds and loss of income and principal investment. FIIG does not sit behind or otherwise guarantee the capital value or investment performance of your investments via the Managed Income Portfolio Service.
Past performance of any product described in any communication from FIIG is not a reliable indication of future performance. Forecasts contained in this document and any communication from FIIG are predictive in character and based on assumptions and no reliance should be placed on the accuracy of any forecast information. The actual results may differ substantially from the forecasts and are subject to change without further notice. FIIG is not licensed to provide foreign exchange hedging or deal in foreign exchange contracts services. No liability is accepted for any unauthorised use of the information contained in this document, the MIPS Information Memorandum or the Managed Portfolio Account Application Form. FIIG is the owner of the copyright material in this document, the MIPS Information Memorandum and the Managed Portfolio Account Application Form unless otherwise specified. The MIPS Information Memorandum includes material from other sources. You should independently verify the material contained in the MIPS Information Memorandum.