BT Personal Portfolio Service
The BT Personal Portfolio Service is closed to new investors. It is a service for people with more than $50,000 to invest and has 3 components:
- Investment service
- Superannuation service
- Pension service.
Each component has a range of investment options:
- Westpac Classic Strategies - lets you invest across a range of cash, bond, property and share investments
- Westpac Sector Funds - lets you invest in the major investment types in any combination you wish
- External investment options offered by other leading fund managers such as:
- BT Investment Management
- BT Funds Management
- Colonial First State
- Aberdeen Asset Management
- Macquarie Bank
- Black Rock
- MLC Investments Limited.
The BT Personal Portfolio Services suits those who want to invest with a range of fund managers but want one point of contact.
BT Personal Portfolio Service Features
|Features||Investment Service||Super Service||Pension Service|
|Minimum initial investment
|Minimum balance across overall service||$40,000||$40,000||$50,000|
|Minimum amount to be held in the service||$2,500||$2,500||$50,000|
|Additional contributions (lump sum)||No minimum||No minimum||$5,000 minimum1|
|Additional contributions (savings plan)||No minimum||No minimum||Not permitted|
|Minimum withdrawal||No minimum||No minimum||No minimum|
BT Personal Portfolio Service Fees
|Fee type||Investment Service||Super Service||Pension Service|
|Admin fee3||1.071% p.a. + 0.5125% p.a. on first $300,000 + $1,103.16 p.a.||1.0% p.a. + 0.5% p.a. on first $300,000 + $1,083.00 p.a.||1.0% p.a. + 0.5% p.a. on first $300,000 + $1,083.00 p.a.|
|Expense recoveries||Expenses attributed to all portfolios proportionately||Expenses attributed to all portfolios proportionately||Expenses attributed to all portfolios proportionately|
BT Personal Portfolio Service fund details
|Investment Service||Super Service||Pension Service|
|Indirect cost ratio||Indirect cost ratio||Indirect cost ratio|
|Fund details and historical returns||Fund details and historical returns||Fund details and historical returns|
Keeping you informed
With the Personal Portfolio Service, all your information comes from a single source – even if your investments are spread among a number of different funds. Every February, May, August and November you receive a comprehensive but easy-to-read personalised report on your portfolio.
A financial adviser can tailor a Personal Portfolio Service solution that can help you achieve your investment and retirement needs.
Read the annual report for:
Things you should know
- A new policy is required, which will be consolidated with an existing Pension Service policy for reporting purposes.
- You can change your investment strategy free of charge at any time although you will pay the spread between the issue and redemption price of units you have switched in underlying funds. Such changes may also have capital gains tax implications.
- This fee is made up of the administrator's fees under the constitution plus GST net of Reduced Input Tax Credits available to the Service.
Westpac Financial Services Limited ABN 20 000 241 127 is the responsible entity and issuer of the . Westpac Securities Administration Limited ABN 77 000 049 472 is the Trustee and issuer of the BT Personal Portfolio Service: Superannuation and Pension. Product Disclosure Statements (PDS) are available for these products and can be obtained by calling 131 817 or visiting www.bt.com.au. You should obtain and consider the PDS before deciding whether to acquire, continue to hold or dispose of interests in these products.
Financial Services Guides for the responsible entity of the BT Personal Portfolio Service: Investment and for the Trustee of BT Personal Portfolio Service: Superannuation and Pension can be obtained by downloading it, calling 131 817, visiting www.bt.com.au or from any Westpac branch.
An investment in these products is not an investment in, deposit with or any other liability of Westpac Banking Corporation ABN 33 007 457 141 (the Bank) or any other company in the Westpac Group. It is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested. The Bank is not theissuer of the products. Neither the Bank nor any other company in the Westpac Group stands behind or otherwise guarantees the capital value or investment performance of the products.