Frequently Asked Questions

What is the main difference between an SMA and a Managed Fund?
An SMA is a portfolio of stocks managed by an investment professional that is entirely owned by an individual investor, unlike a managed fund which pools the assets of different investors.

How easy is it to set up a SMA?
It's very straightforward. Just read the product disclosure statement and fill in the application form (See PDS link) or call us on 1300 853 328. As your nominated representative, Fat Prophets will oversee your application and provide any assistance you require.

Who makes the investment decisions?
Fat Prophets portfolio managers based on information provided by the Fat Prophets investment reports and gathered through company visits, industry presentations and timely market data from IRESS and Bloomberg.

Can I change my model portfolios?
Yes, any time you wish. You can move from one model to another or change the mix between all available models.

Can I make additional investments into my SMA?
Yes, either as one-off payments or by setting up regular contributions via direct debit.

Can I make withdrawals?
Yes, at any time and without penalty.

Can I leverage my portfolio?
Margin Lending packages are available. We strongly recommend that you obtain professional personal advice before leveraging your SMA.

How can I track the performance of my portfolio?
You will be able to view online all the relevant details such as your current holdings, transactions, tax positions, brokerage etc. on a 24/7 basis. At financial year-end you will be able to access an annual report and summary of all these items presented in user-friendly formats.

How are fees and expenses paid?
Either out of the cash balances in the portfolio or from a nominated bank account.

If your question hasn't been answered please email us at funds@fatprophets.com.au or call us on 1300 853 328.