Greater investment choice for your wholesale clients

Platform updates

20 May 2019

We’re excited to let you know that with the introduction of IM funds, we’re expanding the investment opportunities available for your wholesale/sophisticated wrap investment clients.

What are IM funds?

IM funds are managed funds that are issued via an information memorandum (IM) rather than an offer document or prospectus.

IM funds are usually offered by specialist investment managers providing access to asset classes and investments not accessible to retail investors.

Who are IM funds available to?

IM funds are available to wholesale investment wrap clients. These funds are available to invest through our Macquarie Investment Manager and Investment Consolidator products.

Wholesale clients are also known as ‘sophisticated’ investors and is defined in the Corporations Act 2001 (Cth) as a person or entity that has obtained a qualified accountant’s certificate stating they have net assets of $2.5 million or has a gross income for each of the last two financial years of at least $250,000.

We’ve created an IM funds flyer to assist you with understanding the wholesale investor test and what needs to be considered. This flyer also outlines our acceptance criteria and our robust risk framework when considering if a client is wholesale, to ensure IM funds are an appropriate investment choice for your clients.

Keep an eye on the upcoming IDPS investment menu for approved IM funds on Macquarie Wrap. To begin with, our menu will include six IM funds and we expect to add to this in the coming months.

Need help?

Speak to your Macquarie representative to discuss our new IM Fund options and additional IM Funds you wish for us to review.

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