Our Core Business

Our core business is providing  Independent Investment Advice and Portfolio Management to private investors. In most situations this is a combined service, known as a portfolio management service. Our portfolio management service is a pure fee based service, with the fees being calculated on a daily portfolio value basis. We do not receive brokerage, fund manager rebates, trail fees or any commissions for investors using this service. If any investments used pay any of these, they are credited directly to the clients cash account by our wrap account provider, Aegis. Our managed portfolios are held custodially on the Aegis Wrap Account Platform.

In addition to this, we offer Independent Financial Advice based on our hourly rate for some situations such as for pre retirement planning, or reviewing an investors existing investments when they are seeking a second opinion.  We also offer on a set fee basis, investment plans, comprehensive financial plans, and UK Pension transfers.

Our fees are fully disclosed in our disclosure statements, and extent of service agreements.

Portfolio Administration

As advisers, we have chosen to use the Aegis Administration Service as our Wrap account service provider. Aegis is owned by the ASB Bank. It allows us to customise the range of assets and offering portfolios that meet clients' individual needs. Aegis provides what is technically known as a WRAP Account. Aegis is an electronic administration service designed to hold, trade and report on investments. This service is only available to selected New Zealand financial advisers. Pascoe Barton was the first office to have all their portfolio management clients investments held on this platform.

We provide timely and accurate investor reports for our clients. The reports range from consolidated taxation reports to up to date portfolio valuations. Other reports include performance summaries and portfolio valuations, asset transaction summaries, cash transaction summaries, asset allocations, distribution and interest reports. We are able to access and issue instruction to the administration service using secure internet connections.

Clients can also view their portfolios at any time via a secure client portal from this website.

Custodial Investment Service

Our services include the use of a custodian. A custodian is a legal entity that holds investments on behalf of investors.  All investors have an on call interest bearing Custodial Cash Account. Interest is paid at close to the Official Cash Rate (OCR).

What does the custodian do?

The custodian holds investments made through Aegis on behalf of investors. The custodian can group investors' funds to achieve substantial buying power benefits they would not otherwise enjoy as individual investors. The main benefit of this is the ability to access wholesale managed funds with lower management fees and no entry or exit fees. Using a custodian also enables investor’s access to investment opportunities in Australia, the United States and the United Kingdom that would otherwise be difficult to access.

What can the custodian not do?

The custodian cannot incur any liabilities either in its own name or on behalf of investors. Nor can it hold investments beneficially in its own name or in the name of anyone other than the investors. As a bare trustee the custodian has no discretionary powers so it cannot undertake investment transactions without instructions from the investors.

Lower Wholesale Management Fees

Through the custodian, investors have access to wholesale fund management fees. Wholesale fees can be significantly less than 1% p.a. compared with retail investment management fees which can be 2.5% p.a. or more.

Access To A Wider Range Of Investments

Aegis gives investors access to investments that would otherwise not be available. The custodian pools investors' funds to gain access to wholesale funds and other investment opportunities around the world that are not available to individual investors.

Co-Ordination Of Key Information

Aegis records all distributions and interest transactions allowing for the production of detailed or summarized reports for investors. This is particularly important for FDR and PIE taxation purposes.

Aegis and the PIE Investment Taxation Regime

Aegis is a Portfolio Investor Proxy (PIP) holder for investments made into PIE’s (Portfolio Investment Entities) under New Zealand’s new investment taxation rules. As such they are responsible for ensuring that PIE tax is accurately calculated and collected.

New Zealand made Aegis

Aegis has been designed by New Zealanders to comply with current New Zealand legislation and for New Zealand investors who want access to a wide range of domestic and international investments.

Security And Commitment

As part of a major New Zealand financial services group, investors can feel confident that Aegis has the backing of a large corporate with its commitment and resources. To safeguard clients' financial investments, a custodian holds all investments on the clients' behalf. Aegis Limited is a wholly owned subsidiary of Sovereign Limited, which in turn is owned by Sovereign Group Limited, a member of the international Commonwealth Bank of Australia Group. Neither Aegis Limited nor any other member of the Commonwealth Bank of Australia Group guarantees the investments held and administered under the Aegis service.

Resources

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