Choose the CMA that gives you confidence

Market insights

Tuesday 28 August 2018

Continuous investment in technology and innovative thinking has helped us stay at the forefront of all things cash for more than 40 years. Our flagship Macquarie Cash Management Account (CMA) is a great example of this. Currently our CMA is the best cash product in the market1, featuring our award-winning digital banking app2 and is the preferred cash hub for SMSFs in Australia3.

In this article we explore what it can offer you and your clients. You can also view these videos to hear first-hand from advisers who use the CMA every day and what they love about the Macquarie CMA.

Advisers tell us the Macquarie CMA gives them confidence

Our CMA is designed as a hub where clients and their advisers can act on investment opportunities as they arise. The functionality that enables this includes data integration with over 70 software programs, ten years of transaction data, an award-winning digital banking app and new Adviser Initiated Payments functionality allowing you to act on behalf of your clients in a safe and secure manner.

You can open a client's account on the spot, view balances and transactions, and even transact for them once your client grants you authority - we'll send a secure code to your client to authorise the transaction. This gives you and your clients confidence that you're ready to act as soon as investment opportunities arise.

You can also make bulk transactions on behalf of your clients. This is useful for investment opportunities such as IPOs - you can use the bulk transacting facility to make payments more efficiently, giving you more time with your clients. 

Our Macquarie Online Trading platform is also fully integrated with the CMA. It offers more than 200 managed funds, as well as ETFs, ETOs, warrants and mFunds. Real-time integration with our CMA means you'll always be ready to trade. There's no need to follow up clients for settlement and clear reporting is available on cash movements throughout the day.

Let your clients' money work hard for them

While our CMA offers efficiencies such as seamless data integration and bulk transactions, it also boasts a healthy 1.3% p.a. interest rate on balances greater than $5000 plus an additional 25bps rebate to your clients on the full balance of all new accounts4. You can be assured that your clients' money works hard for them while sitting in a Macquarie CMA. There are also no monthly account-keeping or management fees.

Digital banking and mobile app experience is critical - for both clients and advisers

One of the CMA's most important features is the digital banking experience. It can help with cashflow management for complex structures such as self-managed super funds and trusts. Ten years of statements at your fingertips streamlines superannuation fund accounting, tax returns, auditing and end-of-financial-year reporting. As soon as a transaction occurs, you or your client can upload a copy of the tax receipt and it's then ready when you need it down the track.

Complex and smart machine learning helps categorise expenses by suggesting categorisation based on experience with other clients. However, if your client defines a transaction type differently, our system learns over time and applies their logic to make the change each time. 

Macquarie's award-winning digital banking app includes an SMSF contrbution messaging service enabling SMSFs to receive contribution data electronically from an employer, reducing administration time. 

We provide expert support when you need it

You can enjoy the support of our team of BDMs and training relationship managers - all with deep expertise from many years of experience with the product.

Find out more about our cash management account

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1 Winner 2018, 2017, 2016 - Best Cash and Term Deposit Account Provider, SMSFAdviser Awards

2 A winner of the 2017 Innovation Excellence Award, Canstar

3 Source: Macquarie Bank Limited data, ATO Self-Managed Super Fund Statistical Report

4 For any new accounts opened post 1 July 2014. This may also apply to accounts opened prior to this date, if you have elected to rebate this commission as their adviser.