Managed Account of Funds
The Managed Account of Funds, or “MAF” is a portfolio management service designed to make investing easy again. Managed Accounts is the investment solution of choice among private banking clients, but this service is now available to all through the MAF.
The MAF is a managed portfolio of funds, which means you delegate the day to day portfolio rebalancing and implementation decisions to an Asset Manager, once you have
selected the investment strategy that suits you. The MAF is diversified across multiple fund houses, multiple asset classes, and over hundreds of different securities. No single security will have an outsized impact on your portfolio. There are various strategies you can choose from, depending on your investing needs. Over time, there will be various MAF providers you can choose from Havenport Wealth, in addition to those offered by Havenport Asset Management.
How does it work?
It all begins with you having a conversation with your Financial Advisor about your financial goals and risk preferences. Your Financial Advisor may recommend a specific MAF strategy that best corresponds to your requirements. Once you have accept that recommendation, Havenport will take over the implementation, ongoing management and monitoring of your investment, freeing you from having to make the day to day decisions. Each MAF is a selection of third party unit trusts, carefully chosen by professional portfolio managers to achieve a desired risk-adjusted return characteristic.
Benefits of The Managed Account Funds
The only decisions you will have to make is the choice of the specific MAF that your Financial Advisor may present to you as part of an overall financial plan, and how much you wish to invest. The simplicity of the MAF leaves you and your Financial Advisor with the time and clarity of mind to focus your discussion on the things that matter- your long term financial goals and aspirations.
The MAF offers you direct access to an Asset Manager, a service usually reserved for institutional investors. Havenport works closely with Financial Advisory Firms to understand your needs and preferences. This enables Havenport and other providers to create suitable MAF strategies for individuals like yourself.
Investment recommendations are perishable goods. Untimely decision making can impede your progress to reaching your financial goals. This is the principle benefit of the MAF. Professional portfolio managers will monitor the market, so you don't have to do so. Your portfolio will be managed and rebalanced for you with the timeliness necessary to safeguard your long term financial interests. The MAF addresses a common limitation of Advisory Wrap portfolios, which requires that you approve each trade action recommended by your Financial Advisor. If this requirement encumbers your lifestyle or challenges your investment knowledge, the MAF is for you.
Through the Havenport Wealth portal, you and your Financial Advisor will enjoy real time access to your MAF portfolio. You will also receive trade confirmations each time a trade is executed in your MAF portfolio. The MAF is designed to be transparent to facilitate a holistic and ongoing dialogue between you and your advisor. It will also equip your Financial Advisor to help you monitor your progress towards your desired financial objectives, and if necessary, recommend any recalibration of your overall asset allocation to keep you on track towards meeting your goals.
Access to clean fee or institutional share classes
Havenport Wealth is the only independent unit trust platform to offer access to clean fee or institutional share classes through the MAF. Unit trusts sold at banks and other fund platforms are "retail share classes". Retail funds carry a higher management fee than the clean fee or institutional share classes, which are essentially the same unit trusts that are open for purchase by institutional investors at "institutional rates”. As Havenport is also institutional Asset Manager, the MAF allows you, in effect, to invest like an institutional investor. The access to clean fee share classes provides assurance that you pay no more than you would for an advisory wrap, yet benefit from all the features and benefits of such a portfolio management service.
Managed Account of Funds
See the forest, not the trees.
The MAF is designed to free you and your Financial Advisor to focus on your long term financial goals and aspirations without the day to day matters getting in your way. It allows you more time, so you can get more out of your relationship with your Financial Advisor. Placing the day to day management of your investment in professional hands allows you to see the forest, not the trees, so that you and your advisor do not lose sight of your key priorities - your long term financial well being, and that of your family.
Please seek advice from your Financial Advisor which MAF portfolio most suit your requirements. To initiate an MAF portfolio, you will need to first establish an account with Havenport Wealth, our Funds and Managed Accounts platform. Your Financial Advisor will be able to assist with the account opening process. More details on the MAF is provided on Havenport Wealth when your account is established.
This document is for information only and does not constitute an offer or solicitation to buy or sell any of the investments mentioned. Neither Havenport Asset Management Pte. Ltd. (“Havenport”) nor any officer or employee of Havenport accepts any liability whatsoever for any loss arising from any use of this publication or its contents. This document is confidential and constitutes proprietary information and may not be used other than by the intended recipient. This document may not be reproduced, distributed or published without prior written permission from Havenport. Any such reproduction, distribution or publication could result in a violation of the law of such jurisdictions.
The views expressed are opinions of Havenport as of the date of this document and are subject to change based on market and other conditions. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. The mention of any individual securities should neither constitute nor be construed as a recommendation to purchase or sell securities, and the information provided regarding such individual securities is not intended to be used to form any basis upon which an investment decision is to be made. Nothing in this document constitutes accounting, legal, regulatory, tax or other advice. Portfolio allocations, holdings and characteristics are subject to change at any time. Any statistics have been obtained from sources Havenport believed to be reliable but the accuracy and completeness of the information cannot be guaranteed. All investments involve risks, including possible loss of principal. Past performance is not indicative of future results. The information contained in this document, including any data, projections and underlying assumptions are based upon certain assumptions, management forecasts and analysis of information available as at the date of this document and reflects prevailing conditions and Havenport’s views as of the date of this document, all of which are accordingly subject to change at any time without notice and Havenport is under no obligation to notify you of any of these changes.
Havenport provides discretionary management service through the Managed Account of Funds and the timing and split of investments is at its sole discretion. Unless otherwise stated, performance results do not reflect the deduction of investment management fees. It should be noted that performance results will be reduced by Havenport’s investment management fees. Investments with Havenport are not bank deposits or other obligations of, or guaranteed or insured by Havenport or any of their affiliates, or by any local governmental or insurance agency, and are subject to investment risks, including the possible loss of the principal amount invested. Investors should be aware of the risk of exchange rate fluctuations that may cause a loss of principal.
Havenport Asset Management Pte. Ltd. is registered with the Accounting and Corporate Regulatory Authority in Singapore (Reg. No. or UEN 201015315N) and its business activities are regulated by the Monetary Authority of Singapore.