Six Park Asset Management Pty Ltd ACN 610 445 479
Address: Level 2, 696 Bourke St, Melbourne VIC 3000
Email: [email protected]
Authorised Representative Number: 1240305
Six Park is authorised to provide Financial Services by Bespoke Portfolio Pty Ltd, the holder of Australian Financial Services Licence number 341991 ( Bespoke, our licensee, the licensee ).
Bespoke can be contacted at:
Address: PO Box 23358, Docklands, Victoria, 3008.
Email: [email protected]
Amendments to the Statement of Advice and MDA Agreement
11th July 2022 – Effective from 10th August 2022:
1. Replace the third and fourth paragraph of clause 3.1.2 with the following:
All accounts over $10,000 will be fully invested across all portfolio ETFs and in line with the above target asset allocations. Accounts under $10,000 are invested in a subset of these ETFs for portfolio construction. While these limited portfolios aim to align with the growth to defensive asset class mix for the applicable investment portfolio, they may deviate from the above target asset allocation until your account value is more than $10,000.
2. Insert the following paragraph at the end of the fourth paragraph of clause 3.1.2:
The initial purchase of any particular ETF must be at least $500, known as a ‘minimum marketable parcel of shares’ as determined by the ASX Market Rules. Where this cannot be achieved for a particular ETF, those investment funds will remain in your CMA. If we have not been able to purchase all of the ETFs for your target asset allocation, we will do so when there are sufficient funds in your CMA and in line with our trading rules.
3. Replace the reference to $5,000 with $10,000 in clause 3.2.5 and 7.2.
4. Replace the second sentence in the first paragraph in clause 3.5.2 ‘Six Park initiated trade days’ with the following:
On one specified day each quarter we will also attempt to fully rebalance your portfolio if your CMA balance exceeds $5,000 on that day (see section 3.7.1).
5. Replace the bullet point regarding ‘small account balance risk’ with the following in clause 6:
Small account balance risk – All accounts over $10,000 will be fully invested across all portfolio ETFs and in line with the target asset allocation of the strategy that is applicable to you. Accounts under $10,000 are invested in fewer ETFs for portfolio construction and some ETFs may not be purchased where the initial amount to be invested is less than $500. While these limited portfolios aim to broadly align with the growth to defensive asset class mix for the applicable investment portfolio, they may deviate from your target asset allocations until your account value is more than $10,000. Please also note that for Conservative” accounts less than $5,000 value, your exposure to growth assets will be higher than our fully diversified “Conservative” portfolio. This means your risk of negative returns may be slightly higher than if you were invested in the fully diversified “Conservative” portfolio.
6. Insert the following bullet point in clause 10:
Understand that an initial purchase of an ETF must be at least $500 and agree that Six Park will not invest in a particular ETF unless there are sufficient funds in my/our CMA to meet that minimum trade threshold.