INTHEBLACK September 2026 - Flipbook - Page 25
their ethical preferences or adjusting them
to meet their personal financial needs.
At the same time, investors can avoid capital
gains tax issues that generally come with
investing in pooled retail investment funds,
where investors may inherit the unrealised
capital gains positions of other investors.
In a managed account, investors have better
control over the timing of when they realise
capital gains and losses to improve tax efficiency.
Richard Webb, CPA Australia’s
superannuation lead, says that managed
accounts can be a good solution for those
seeking access to top investment professionals.
“If you have the money to invest in
a managed account, you can still get access
to professional investment expertise and
bypass a fund’s inherited capital gains tax
issues,” Webb says.
For most advisers, the preference is to use
separately managed account (SMA) products
readily available on external investment
platforms that offer access to a broad menu
of investment options.
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