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Key Features Assets are held in your own name
All assets are registered and remain in your name, either personally or in the name of the registered entity such as a self managed superannuation fund, company, family trust, etc.
Reporting
On-line access to your portfolio is available on demand and a variety of reports can be viewed, downloaded or printed.
Taxation
A detailed summary of the income and capital gains position of your investment portfolio is provided at the end of each financial year. You will no longer need to keep your own tax records for your accountant as the Tax Summary will show all capital gains or losses and the taxable income from each investment.
Cash Funds
All cash is invested in a Cash Management Trust which pays a competitive rate of interest. Cavendish does not receive any commission on these or any other accounts.
Mail Box
Cavendish receives all correspondence relating to your investments, thereby ensuring that all transactions are recorded in any financial year. This documentation is stored for you for seven years as required by taxation law. Individual transactions can be tracked and viewed via your On-line access.
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Portfolio Administration
In addition to the day-to-day administration and record keeping duties listed above, Cavendish will carry out a variety of ‘one off’ activities under a Limited Power of Attorney, including :
- prepare and lodge Tax File Number (“TFN”) notification forms with the Australian Tax Office.
- prepare and lodge Dividend Re-investment Plan (“DRP”) forms with share registry offices.
- prepare and lodge Direct Credit forms with banks and other financial institutions.
- carry out investigations into income distributions that for whatever reason have not been automatically reconciled with Cash Management Trust statements.
- process and lodge changes of address with various institutions.
Non-Standard Assets
Assets other than listed securities or managed funds can also be included in the portfolio for reporting purposes. These can include direct property, artwork, collectables etc. and are reported at the most recent valuation figure. Any income or expenses for non-standard assets are simply recorded as deposits and withdrawals in the cash account.
Self Managed Superannuation
The Service can be used in conjunction with the Cavendish Superannuation Service. This is a comprehensive compliance and administration service for Self Managed Superannuation Funds but which excludes some of the above Investment Portfolio features. When the two are used jointly, the Superannuation Service fee is reduced to take into account some of the features and functions that overlap (refer Fee Schedule). |