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Matrix Portfolio Service Supplementary Information and Financial Services Guide Issued 12 December 2014 Issued by Oasis Fund Management Limited ABN AFSL as Operator of the Matrix
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Matrix Portfolio Service Supplementary Information and Financial Services Guide Issued 12 December 2014 Issued by Oasis Fund Management Limited ABN AFSL as Operator of the Matrix Portfolio Service. About this Supplementary Information and Financial Services Guide This Supplementary Information and Financial Services Guide (SIFSG) is to be read in conjunction with the Information and Financial Services Guide issued on 1 July 2014 (IFSG) for the Matrix Portfolio Service. From 12 December 2014, the Information and Financial Services Guide for the Matrix Portfolio Service comprises: the IFSG, and this SIFSG. Purpose of this SIFSG The purpose of this SIFSG is to amend disclosure in relation to the Licensee. The licensee has consented to the inclusion of the content below. Page 7 The first paragraph of the section titled The Licensee is deleted and replaced with: Matrix Planning Solutions Ltd (Matrix) is a strategic financial planning group offering a wide range of services. Matrix was founded in 1999 and has grown to be a leading edge and trusted provider of financial advice and services. OAMA464/1214 Matrix Portfolio Service Information and Financial Services Guide Issued 1 July 2014 This product is issued by: Oasis Fund Management Limited ABN AFSL Pitt St Sydney NSW 2000 as Operator of the Matrix Portfolio Service Correspondence: Matrix Portfolio Service Locked Bag 1000 Wollongong DC NSW 2500 Phone: Fax: (02) Contents 1. What is a Wrap and Benefits of investing with Matrix 3 2. Key features at a glance 4 3. About Matrix 7 4. How your account works 8 5. Risks Available investments Fees and costs Taxation How to open an account Other information 30! Contact details: If you have any questions or would like more information about Matrix please contact us via: Phone weekdays between 8.30am and 6.00pm (Sydney time) Fax (02) Website matrixplan.com.au This document is a Financial Service Guide and Investor Directed Portfolio Service (IDPS) Guide (referred to together as the Guide) which describes the main features, benefits, costs and risks of investing through the Matrix Portfolio Service (Portfolio Service). Entity details in this Guide Name of legal entity Registered numbers Abbreviated terms used Oasis Fund Management Limited Oasis Asset Management Limited Australia and New Zealand Banking Group Limited Australian Investment Exchange Ltd HSBC Bank Australia Limited Matrix Planning Solutions Ltd ABN AFSL RSE Licence L ABN ABN AFSL ABN AFSL ABN AFSL ABN Issuer, Operator, OFM, we, us and our Oasis Asset Management, Administrator ANZ AUSIEX, Online Broker HSBC, Custodian Licensee Disclaimer: The Operator is a wholly owned subsidiary of ANZ. ANZ is an authorised deposit taking institution (Bank) under the Banking Act Although the Operator is owned by ANZ it is not a Bank. Except as described in this Guide, an investment through the Portfolio Service is not a deposit or other liability of ANZ or its related group companies and none of them stands behind or guarantees the Operator or the capital or performance of investments made available through the Portfolio Service. Important information The purpose of this Guide is to provide you with information about investing through the Portfolio Service to assist you in deciding whether to use the Portfolio Service. This Guide also contains information about: who we are and how we can be contacted remuneration that may be paid to us as the Operator and other relevant persons information about our complaints resolution arrangement. This Guide and the disclosure documents for the investments made available through the Portfolio Service are available free of charge on request from your financial adviser, or may be obtained from matrixplan.com.au at no additional cost to you. You should read this Guide and the relevant Product Disclosure Statements before you make a decision to invest. Investments in the Portfolio Service are subject to investment risk, including possible delays in processing withdrawals, and loss of income and capital invested. The Operator does not guarantee the repayment of capital or the growth in value or performance or return on any asset acquired using the Portfolio Service. The inclusion of an investment in the Portfolio Service s menu is not a recommendation or advice by the Operator. The invitation to invest through the Portfolio Service is only available to persons receiving this Guide in Australia, who have completed an application form. The Operator is not bound to accept an application to invest through the Portfolio Service. How to obtain up to date information In the event of any material change to the Portfolio Service that results in the information contained in this Guide becoming false or misleading, the Operator will withdraw, replace or supplement this Guide. If the change is not materially adverse to investors we will publish the updated information on our website matrixplan.com.au. You should regularly check this website to ensure you have the most up to date information. You may also request a printed copy of any updated information free of charge by contacting your adviser or Client Services. Matrix Planning Solutions Ltd ABN AFSL Matrix Planning Solutions Ltd (MPS) is licensed under the Corporations Act It is important to note, that if you invest through the Portfolio Service, you are contracting with the Operator, not MPS, for the provision to you of the services outlined in this Guide. MPS has consented only to the inclusion in the Guide of statements about it and its name and logo, it is not the Operator or Administrator of the Portfolio Service and takes no responsibility for any other statement made in this Guide. The Operator is a member of the Financial Services Council (FSC). FSC member companies must comply with standards set by the association. The FSC is not the issuer or Licensee of this product and provides no endorsement or recommendation of this product or the information contained within this Guide. 2 What is a Wrap? An Investor Directed Portfolio Service, also known as a Wrap service draws all of your investments together around a central cash account. This enables simple administration of your investment portfolio as all buying, selling, reporting and maintenance of assets held in your account occurs in one place. Matrix Portfolio Service is a wrap style account designed for investors who are looking for: competitive pricing, comprehensive investment choices, streamlined online services, consolidated reporting and someone to manage all of the paperwork related to their investments. Matrix Portfolio Service is a full-service wrap solution, designed to support you in managing and protecting your investment portfolio. It allows you to take more control-providing you access to direct shares, managed investments, term deposits and cash. Benefits of investing with Matrix Competitive pricing The Matrix Portfolio Service is truly a value for money wrap service, with a simple and competitive pricing structure including: simple administration fee options ASX-listed stock trading from as little as $29 per trade flexible Adviser Service Fee functionality to suit both you and your financial adviser s needs and budgets plus you can benefit from additional family pricing bundle discounts. Comprehensive investment choices Everyone s investment needs are different, that s why we provide you with access to a huge variety of different investments including direct shares, managed investments, term deposits and cash. This means you and your adviser can develop a comprehensive investment strategy to meet your individual financial objectives. Managed investments An extensive range of more than 110 managed investments, from boutique fund managers to global leaders, you can view the PDS for each managed investment on our website Access to all of the main asset classes Access to managed investments generally with wholesale fees, which can be significantly cheaper than the retail fees you would pay if you invested in each managed investment directly. Australian Securities Exchange (ASX) listed securities Access to all ASX listed securities and warrants A range of Listed Investment Companies (LICs), Listed Interest Rates (LIRs), Preference Shares and Exchange Traded Funds (ETFs). Term deposits 3, 6 and 12 month options. Streamlined reporting on your account Our sophisticated online solutions allow you and your financial adviser to efficiently manage your account at any time. The consolidated reporting we provide you with consists of comprehensive details reflecting: your investments and their valuations all transactions on your account the performance of your account your asset allocation, and any income received and the expenses charged to your account. Our commitment to Client Services Our attention to detail and high quality client services helps to achieve reliable, excellent service outcomes for you. We pride ourselves on our commitment to outstanding client service and believe that this is what really sets us apart. Transfer your existing assets into your account You may transfer approved ASX listed securities and managed investments on the Matrix investment menu that you already own into your account. 3 Key features at a glance Outlined below are the key features of the Matrix Portfolio Service: EXTENSIVE INVESTMENT OPTIONS Diversified multi-manager funds A selection of multi-manager managed investments that combine active management with index investments. Diversified and single Access to an extensive range of diversified and single sector managed investments offered by leading fund managers. sector managed investments Cash Account Term deposits Listed securities The Matrix Cash Account is currently invested with major Australian banks and in short term money market securities. Access to ANZ Term Deposit options with competitive interest rates. You will have access to all securities listed on the ASX, including warrants and ETFs. Your adviser can place orders at any time the ASX is open and receive electronic confirmation of transactions made. FLEXIBLE FEE ARRANGEMENTS* Contribution fee Up to 4.10% Administration fee Account balance Fee p.a. First $250, % Next $250, % Next $500, % Amount over $1 million Nil A minimum administration fee of $25.02 per half month ($600.48) applies if the account balance is below $100,000. Adviser Service fee Investment Management fee Brokerage Switching fee You can negotiate a fee for advice with your financial adviser. Where you invest in managed investments the issuers of those managed investments will charge fees ranging from 0.00% to 17.43% p.a. depending on the specific managed investments. Please refer to the Product Disclosure Statement for the relevant managed investment for the current Investment fees for that product. Trading via the Online Broker 0.10% of the transaction value with a minimum charge of $29.00 per trade. Trading via an external broker If you trade via an external broker, you will agree on the brokerage to be charged with your adviser and the external broker. A settlement fee of $20.50 per contract note is charged in addition to the negotiated brokerage. Nil. * See all the fees and costs that may apply to your investment under Fees and costs on page 21. 4 FEATURES TO HELP YOU MANAGE YOUR INVESTMENT Flexible deposit types Regular Investment Facility Automatic rebalancing Income distribution options Switching Dollar Cost Averaging Regular withdrawal plan You can choose from four convenient methods to deposit into your Portfolio Service account: via Electronic Funds Transfer (Easy Payment), BPAY, Direct Debit Request (DDR) or by cheque. Registered to BPAY Pty Limited ABN Watch your balance grow by investing regularly and conveniently using direct debit. You can rebalance your managed investments quarterly, half yearly or annually in order to realign them with your preferred asset allocation. The Portfolio Service provides you with flexible options for managing income from your investments: distributions and dividends can be paid to your Cash Account distributions can be reinvested in each originating managed investment distributions can be reinvested according to your additional investment instructions dividends from listed securities may be reinvested through a Dividend Reinvestment Plan where available paid to a nominated bank account. Tailor your investment by switching between managed investments as your financial objectives change over time. Manage and spread the risk of investing by establishing a plan to regularly switch into your selected managed investments over time. Create a regular withdrawal plan to provide you with a regular stream of income (monthly, quarterly, half yearly or annually) into your nominated financial institution. MINIMUM AMOUNTS Initial deposit No minimum. However, there is a minimum Administration fee if your account balance is below $100,000. Additional deposit Regular monthly deposits Managed investments Listed securities Term deposits Dollar Cost Averaging No minimum. No minimum. No minimum for managed investment options, although amounts less than $1,000 per managed investment may not be invested due to investment costs and/or minimum investment requirements of individual managed investments. $1,000 is recommended for each listed security. There is a minimum of $5,000 for each term deposit. Minimum of $100 per switch. OTHER SERVICES Online access Regular communications and reporting Supporting you You will automatically be registered for online access upon joining which allows you to access information about your account balance, investment options, investment performance, unit prices, asset allocation, transaction history and other items. As an investor in the Portfolio Service, you will receive: a welcome letter confirming your account details a login code to access the Matrix website a Customer Reference Number for BPAY and personalised Easy Payment details Quarterly investment reports that provide you with information about transactions that have been undertaken and the value of your investments annual reports providing information about your account for the financial year ending 30 June tax reports, which are provided as soon as all required information has been received for the financial year ending 30 June. A team of dedicated professionals providing helpful and efficient customer service responding to your needs through telephone, and in writing. Call Client Services on , available between 8.30am and 6.00pm Monday to Friday (Sydney time) excluding public holidays. 5 Investing through the Matrix Portfolio Service versus investing directly When you invest through the Matrix Portfolio Service, you do not hold legal title to the investments in your portfolio. You have beneficial entitlement to those investments, and subject to this Guide and the IDPS contract, we act on your instructions (other than interests in, a cash managed account that is held in your name) to buy or sell. We keep a record of assets we, or the custodian, hold for your account. The table below explains the key differences between investing in managed investments and listed securities through the Portfolio Service and investing in managed investments and listed securities directly. Investing through the Matrix Portfolio Service Most managed investments are available on a wholesale basis with generally lower fees than on a retail basis. You receive a consolidated report with information about your investments and transactions. Your investments held through the Portfolio Service are held in the Custodian s name, but you retain full beneficial ownership. Time to complete purchases and sales of managed investments is dependent on our procedures and those of the underlying product issuers. Notices and other communications from product issuers or listed companies are not sent directly to you. Consolidated information is provided to you by the Operator. There are some charges for using the Portfolio Service. You only need to complete one application. You can rebalance the managed investments portion of your portfolio with one instruction. You may participate in all corporate actions via your adviser. You may not have available to you the withdrawal rights available under s724 (disclosure documents for securities) and s1016e (PDS for managed investments) if the relevant PDS or disclosure document is defective or contains conditions stated in those documents are not met. Cooling off rights (the right to return a financial product within a specified time) are not available to you with respect of financial products including managed investments. You do not have proxy voting rights to participate in company meetings. However, in exceptional circumstances, for example, where there could be an adverse outcome for you, the Operator will seek your instructions. Investing directly You usually only have access to retail managed investments with generally higher fees. You receive reports from different product issuers and share registries about your investments and transactions. Your investments are held in your name and you have full legal and beneficial ownership. Time to complete purchases and sales of managed investments is dependent on the procedures of the product issuers. You receive notices and other communications directly from each product issuer or listed company. There are no additional charges; however, managed investment fees may be higher when investing directly. You must complete applications for each investment. You must instruct each product issuer separately to rebalance your portfolio. You may participate in all corporate actions where investments are held directly in your name. You will have available to you certain rights under s724 and s1016e, including that the product issuer would either have to return your investment monies or give you corrected disclosure documents and an option to withdraw) if the relevant PDS or disclosure document is defective or contains conditions stated in those documents are not met. Cooling off rights are available to you in respect of financial products including managed investments. You may participate in all proxy votes where investments are directly in your name. 6 About Matrix The Matrix Portfolio Service is a full-service wrap administration solution designed to support you in managing and protecting your investment portfolio. It allows you to take control of your investments, providing access to investments such as direct shares, managed investments and cash through to specialist investment options like preference shares, exchange traded funds, hybrid securities and model portfolios. Focused on delivering a high quality of service, Matrix Portfolio Service provides dedicated support for you and your financial adviser as you progress through your working life and into your retirement. About ANZ Oasis Fund Management Limited is proudly owned by ANZ, one of the leading banks here in Australia and overseas. ANZ is committed to building lasting partnerships with our customers, shareholders and communities in 33 markets globally with representation in Australia, New Zealand, Asia Pacific, Europe, America and the Middle East. ANZ provides products and services to more than 8 million retail customers worldwide and employs over 47,000 people. ANZ aims to become a super regional bank. This involves growing in the Asia Pacific region while also remaining very focused on the business and opportunities that exist in Australia and New Zealand. ANZ has a strong involvement in the community, leading the way with programs targeting financial literacy, indigenous inclusion, the environment, volunteering and sponsorship. The Operator The Operator is Oasis Fund Management Limited. It is authorised to operate IDPS and IDPS like Schemes and to deal in and provide general financial product advice in relation to certain classes of financial products. The Administrator
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