What is a Wrap Service?
A Wrap Service is a system or platform for buying
and selling a broad range of managed fund and
direct share investments, and reporting on them
in a consolidated way. Another way to describe
a wrap service is that it is a portfolio administration
and transaction system that consolidates (or wraps)
your entire diversified investment portfolio information
into one database of records and reports. These
reports include income, expenses, performance,
taxation, and portfolio mix.
Wraps solve the reporting headaches for investors
who would otherwise receive separate reports for
each investment they hold. Wraps also enable your
adviser to easily rebalance the mix of your investments
by switching out of one asset class or specific
investment and into another.
Who is Omniport?
Omniport Ltd is an unlisted public company which
issues the Omniport Wrap Service. Omniport Ltd
is also a product sponsor of the Omniport
Superannuation and Pension Service. All these Wrap
Services are administered by Avanteos Investments
Ltd, the Approved Trustee which is ultimately owned
by the Commonwealth Bank.
Omniport is wholly owned by the same
shareholders as Lifespan Financial
Planning (AFSL 229892) an
independently owned financial
advice company established
The Omniport Wrap Service was launched in 2001
and was the first wrap platform in Australia to employ
the highly awarded and technically advanced Avanteos
Investments Ltd wrap technology. The Avanteos wrap
technology platform is now ultimately owned by the
Commonwealth Bank through the Colonial First State
group of companies.
Where appropriate, Lifespan and other advisory
companies use the competitively priced Omniport Wrap
Service as a preferred wrap platform for superannuation,
pension and non superannuation investment
portfolios. Omniport provides investors access to
a comprehensive range of investments. This allows
you to achieve a high level of diversification without
the inconvenience of dealing with many investment
managers and their separate reporting systems.
Omniport Wrap Service encompasses the
Omniport Investment Service for regular investment
money (including margin lending facilities) and the
Omniport Superannuation and Pension Service for
superannuation savings or for drawing a pension
income during retirement. Investments in all services
can be consolidated into a simple set of reports.
Features of the Omniport Wrap Service
The service provides you with a holistic view of
your financial position. This is achieved through
integrating a range of comprehensive and
innovative services including:
You have access to an extensive choice of wholesale
managed fund investment options which you may
normally not have access to. The popular Dollar Cost
Averaging strategy is available through the regular
Superannuation and Pension
Via the Omniport Superannuation and Pension
Service you can access a range of wholesale
managed funds and direct shares forming part of the
ASX 300. The superannuation service can accept
all types of contributions including employer, salary
sacrifice and personal contributions. The Pension
Service can provide you with a regular income stream.
For non-superannuation portfolios, Omniport allows
your adviser on your behalf to buy and sell virtually
any security listed on the ASX that can be traded
through the CHESS system.
Purchases and sales of shares are implemented
through a preferred stockbroker. Shares are held
on your behalf by Avanteos Investments Ltd who
act as Custodian. While in most circumstances this
will not affect your entitlements, you will not receive
security holder communications or contract notes on
transactions, nor have voting rights attached to your
Your access to corporate actions such as rights
issues and bonus shares etc will be via Avanteos.
Other details on how listed securities are treated
within Omniport are available from the Omniport
Superannuation and Pension Service Product
Disclosure Statement and the Omniport Investment
Service IDPS Guide, or from your adviser.
The Omniport Margin Lending Service is available to IDPS clients and allows your adviser to establish a margin loan facility on your behalf if appropriate to your situation. The loan service is fully integrated into the Omniport Wrap Service for reporting purposes.
The Omniport Consolidated Reporting Service gathers information from all services you participate in under the Omniport Wrap Service. This service provides a single view of your total financial position, including other investments you may hold such as retail managed funds, residential and investment properties and lifestyle assets. Your financial adviser will also
have access to a wide range of specialist reports
on your portfolio.
By using the advanced technology inherent within Omniport, your adviser is likely to have more time to devote to your investment portfolio, technical strategy and other advice needs rather than becoming bogged down in numerous reporting and calculation tasks associated with your investments.
Speak to your financial adviser today to find out how the Omniport Wrap Service can benefit you.
Disclaimer: The material provided in this document is provided for information only and constitutes general financial product advice.
It does not take into account your personal financial situation, objectives and needs. Consequently before acting upon the information in this brochure you should consider its appropriateness to your financial situation, objectives and needs.