Managed portfolios enable clients to access professional investment management expertise while maintaining beneficial ownership of the assets individually in HUB24 Invest accounts and via Trustee in HUB24 Super accounts.

This can provide several benefits:

1. Clients can in-specie transfer assets both in and out of managed portfolios.

2. Clients can minimise capital gains tax (CGT) when switching or selling down assets by selecting from a variety of tax strategies.

3. Buy/sell spreads and transaction fees can be minimised when switching between managed portfolios, as only the assets that are different between the two managed portfolios are sold and bought.

In contrast, a managed fund is a unitised structure.

This means that when switching between managed funds, the entire fund is sold to purchase the alternative fund, incurring transaction fees and crystallising CGT.

Capabilities available within managed portfolio solutions like those available on HUB24, can enhance portfolio value, tax outcomes, and reduce costs for clients.