Major mortgage and wealth group launches new investment product

by Julia Corderoy18 Dec 2015
Major mortgage group Yellow Brick Road (YBR) has announced the launch of 10 new low-entry Separately Managed Accounts (SMAs) to give more everyday Australians better access to investment products.

The new Yellow Brick Road SMAs will allow investors to put their money across one or more available investment portfolios such as managed funds, ETFs, direct equities and property. The minimum investment is only $25,000, compared to similar products where the entry level investment can be over $100,000.

Yellow Brick Road chief executive officer Matt Lawler says launching a more accessible SMA product was important to the group.

“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. 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 SMAs are available for both super and ordinary savings. According to YBR, five of those utilise a combination of active and passive management and five utilise only passive management at a low cost. 

Lawler says the addition of the SMAs follows a series of initiatives by the group to ramp up its wealth activities and provide low cost alternatives.

“Over the past couple months we launched our robo-technology Guru on Celebrity Apprentice, Loan
Protect and our Protected Equities fund. All of these products and services open the door for more people to reach their hopes and dreams whether it be through financial advice, loan protection or investing into the Australian equities market,” Lawler said.

Lawler also added that each set of five SMAs range from low volatility, low growth to high volatility, high growth. In the coming months two more SMAs for share investors will join the current ten options.

“We now have in place the complete spectrum of investment options whether your key priorities are price, low maintenance, managing downside or pursuing growth. We also have more sophisticated tailored outcomes to meet high earning net worth investors.”
 

COMMENTS