Six Park is a privately owned Australian company, founded and majority-owned by a team of highly experienced professionals. Led by co-founders Pat Garrett as CEO and Brian Watson as Chair of the Investment Advisory Committee, the Six Park team has more than 200 years of experience spanning investment and portfolio management, digital and online operations, strategy and finance. Meet the team.
Yes. Our company Six Park Asset Management Pty Limited is an Authorised Representative of Bespoke Portfolio Pty Ltd (ACN 136 853 819). Bespoke Portfolio has an Australian Financial Services Licence (AFSL Number 341991) and is authorised by ASIC to deal in general financial services products to retail and wholesale clients. As an Authorised Representative of Bespoke, Six Park is authorised to provide various specified financial services on Bespoke’s behalf.
Our approach to investment is founded on the principles of Modern Portfolio Theory, one of the most widely accepted tools for investment portfolio management. We believe the best way to achieve your long-term investment objectives is to adopt a well-diversified, thoughtfully constructed, passive and low-cost portfolio which is regularly rebalanced and reviewed. Read more about our investment philosophy.
Everyone’s situation is unique, and there are many factors (including your personal needs and circumstances) that you should consider carefully before making a decision about how much to invest. You may wish to consult your accountant or adviser to help you work out how much you realistically have available to invest and can afford to lose.
As a general rule, we recommend that you start by ensuring that you are actually “ready to invest”. This means ensuring (among other things) that you are regularly earning more money than you are spending, your debts are under control, you have budgeted carefully to understand your ongoing financial needs and you have determined from all this analysis how much “spare cash” you can afford to put at risk. From this amount, you should then set aside a contingency fund to cover at least three to six months of expenses – just to ensure you have a safety buffer in case any unforeseen emergencies or events arise.
The balance remaining would then be something you could consider investing in line with your financial objectives, risk appetite and target investment horizon. This figure should always only be an amount that you have can afford to lose if things don't go as planned.
Part of your investment could include a portion allocated to a well-diversified, thoughtfully constructed and low-cost portfolio of assets like the ones we offer at Six Park. Naturally we understand if you only wish to invest a portion of your investable assets with Six Park in the beginning. We hope this will be the start of a very rewarding journey with us.
Your Six Park portfolio will be invested in a mix of up to six different classes of assets - namely Australian shares, international shares, emerging market shares, listed property, infrastructure, bond/fixed income and high-interest cash deposits. We construct this portfolio by investing your money in a range of carefully selected Exchange Traded Funds (ETFs) that reflect your intended asset allocation strategy. The percentage allocated to each of these ETFs depends on a range of factors, including your assessed risk profile and investment goals. To find out more, click here.
All your Six Park investments are owned directly by you in your own name. When you invest through us, two accounts are established on your behalf. The first is a Cash Management Account (CMA) with Macquarie Bank, which is used to receive your investment monies, fund your Six Park investments and collect any future dividends and asset sales. The second account is an online brokerage account with OpenMarkets, an execution-only-stockbroking business, which is used to undertake your investment trades. Your money is never held by Six Park directly or pooled with any of our other clients.
Over time, as the different kinds of assets in your portfolio deliver different returns, the composition of your portfolio can drift away from your targeted asset mix. This can inadvertently result in an increase in your risk exposure, particularly if the mix becomes concentrated to higher risk (and potentially overpriced) asset classes and underexposed to more conservative investments. For these reasons, it is important that portfolios be periodically “rebalanced” back to their target asset mix. A wealth of research studies have shown that rebalanced portfolios generate higher returns and with less volatility than portfolios that were allowed to drift. Read more about this in the "Moving Beyond Set and Forget" section of our Investment Philosophy.
We closely monitor the asset mix in your portfolio and undertake periodic rebalancing at least annually to ensure your funds are allocated in line with your intended risk-return profile. The timing on any rebalancing will depend on several factors, including the relative performance of your assets, how significantly they might have drifted from our target thresholds and the time remaining until your next review. We aim to minimise unnecessary transaction costs and tax consequences wherever possible – since these factors can offset the benefits of more frequent rebalancing. As part of our approach, we also seek to minimise the extent of any rebalancing trades by directing any new cash funding into underweight asset classes and/or favouring overweight asset classes as the source for any fund withdrawals.
The ETFs in our portfolios have been selected by our investment team based on a meticulous review process. Our selection process takes into consideration a range of factors, including fund size, liquidity, tracking error and relative costs. We regularly review these selections to ensure they represent the best available investment options for our clients.
No. All of our portfolios – and the blend of ETFs within them – have been carefully selected by our investment team. They represent the application of our team’s 100+ years of investment and asset management experience and have been specifically constructed using the principles of Modern Portfolio Theory to optimally match different risk profiles and investment horizons. Changing this composition could materially (and perhaps unintentionally) change the risk/return profile of your investment – and is not something we therefore recommend or support.
We understand that things in life can and do change from time to time. You might face new work circumstances, be welcoming a new family member or just wanting to shift your goals and priorities. Whatever the situation, it is important that you let us know about these changes as soon as possible so that your investment plans remain relevant and appropriate. While we will periodically help you reassess your circumstances, investment objectives and risk tolerance as part of our annual client reviews, you can retake the risk assessment at any time. Simply login and review your investment strategy.
We have invested heavily in system security, as well as client privacy protection.
Our platform has been built using modern, well-maintained development frameworks that are regularly updated to patch security vulnerabilities. We automatically encrypt your confidential information in transit from your computer to ours using SSL (Secure Sockets Layer). Passwords are encrypted using one-way hashing algorithms. This means that if our databases are somehow compromised, your passwords remain secure.
Once your information reaches our servers, it resides in data centres with extensive physical and environmental controls, as well as strict staff access protocols. Backups are maintained on equally secure, redundant storage to make sure we can always restore in the event of a disaster.
The first step is to complete a short online questionnaire. This helps us understand your personal circumstances, financial goals and risk tolerance and also allows us to determine whether our investment portfolio options are appropriate for you.
At the present time, only Australian residents are able to open an account with Six Park. We accept applications from individuals (in their own name or jointly with others), companies, trusts and superannuation funds. You will need to have a valid email address and if you are under 18 years old, you will need to a guardian to apply on your behalf.
No. To keep things simple and low-cost, we focus primarily on the investments that you make with us – and ensuring that this process is seamless and easy-to-understand. You are welcome to manually upload information about your other holdings into our portfolio system to help you track your overall net wealth
No. When you invest through us, we arrange for a new CMA to be opened up with Macquarie Bank – even if you already have an existing CMA with Macquarie or another bank. Doing this ensures your Six Park investments can be readily tracked, viewed and audited using our systems and that the performance and costs of your Six Park investments are not complicated by the potential intermingling of other funds and transactions
No. When you invest with us, we arrange for a separate online brokerage account to be set up (in your own name) with OpenMarkets. This account will be used to execute all your investment trades with Six Park – regardless of any other broking arrangements you may have. OpenMarkets is a technology-driven, execution-only stockbroking business that specialises in low-cost, online trading solutions. Using OpenMarkets ensures your trading activity is completely integrated with our automated systems and fully trackable and auditable. It also allows us to keep our fees as low as possible
Absolutely! You can top up your Six Park investment at any time by depositing funds into your linked Six Park Macquarie CMA account. Additional contributions can be on a one-off, ad hoc transfer or part of your regular savings regime. For cost and practicality reasons, additional contributions will be kept in your CMA until the accumulated balance makes the purchase of new ETF units economical.
Yes. You will need to complete a separate risk assessment (and open a separate Six Park account) for each portfolio that you want to establish with us. This allows each account to be tailored to the relevant investor’s risk profile and for the performance/financial position to be separately tracked, audited and reported upon.
Yes. The fees and costs of investing can have a dramatic impact on portfolio returns, particularly over the longer term. Put simply, every dollar saved in trading commissions and management fees is an extra dollar available for investment and earnings potential. Over time, even small differences in fees and costs can add substantial additional returns. Keeping costs low allows you to retain as much of your well-earned returns as possible.
We keep our costs low by using smart technology and automation, by keeping our overheads lean and by focusing our offering on low-cost ETFs and scalable trading/reporting platforms. As a result, our fees can be significantly lower than those charged by typical financial planners.
Aside from Six Park’s direct charges, your investments will incur certain indirect costs. These costs are not charged or collected by Six Park but are instead reflected in the underlying price of your investments.
You will not be charged fees for establishing your CMA or for depositing or withdrawing any funds. In certain limited instances, Macquarie may charge fees for the provision of additional services (for example, providing an audit letter or requesting paper statements). Details of these standard fees are available online on Macquarie’s website or by contacting us at [email protected].
Yes - if you are a Six Park client and a friend signs up for a new account, we will waive your investment management fees for 90 days for each referral. So four referrals will get you a year without paying any investment management fees at all. Your friends will be asked how they heard about Six Park during the sign-up process, and they should enter your name. You can read more about the referral program when you log into your account by clicking on the "Refer a friend" menu item.
An Exchange Traded Fund (or ETF for short) is an investment fund that can be bought and sold on the share market (like a share). Each ETF holds a pool of underlying assets - such as shares, bonds or commodities - and will typically aim to track a particular market index (e.g. an Australian equities ETF may seek to track the ASX200 index). However, rather than selecting individual investments or specific managed funds, ETFs usually invest broadly within and across their entire index of interest. That is, they literally buy the whole index (or a very close subset) that they seek to track, allocating their funds across every (or almost every) share/bond/asset in the same proportion that those shares/bonds/assets represent of the underlying market. In doing so, ETFs basically mimic the performance of their targeted index - but with low costs and high tax efficiency. Being readily tradeable on the share market, ETFs represent an excellent vehicle to provide investors with a low-cost, highly diversified and immediate exposure to specific target asset classes.
In the event that Six Park ever ceased operations, your investments and cash would remain accessible, as they are all held in your own name. You would continue to own and have access to any surplus cash in your Cash Management Account with Macquarie Bank. Likewise, all of the ETFs in your Six Park portfolio would continue to be held in your own name - via your personal Holder Identification Number (HIN) associated with your stockbroking account with OpenMarkets. This HIN formally identifies you as the registered title holder of those ETFs on the Australian Stock Exchange’s CHESS sub-register. You would always have the option to instruct a different broker of your choosing to liquidate or transfer these ETF holdings. The details of both your Cash Management Account with Macquarie Bank and your HIN with OpenMarkets will be provided to you when you first invest with us and are also available online via our website.
You can contact us here at any time with any questions you may have. We will attempt to get back to you on the following business day, if not sooner. Alternatively, you can chat with us directly by using live chat on our website or giving us a call on 1300 851 779 during business hours.
We believe that Six Park is THE low-cost provider of the highest quality automated investment management service. Compare our fees and the experience of our team with any other provider.
Additionally, we have invested significantly in system security, scalability and a great client experience.
There’s nothing to stop you buying your own portfolio of ETFs using a traditional broker or financial planner. We believe ETFs can be an attractive, cost-effective investment option and we would certainly encourage people to consider ETFs as part of their portfolio strategies.
Of course, not everyone has the time or energy to manage their investment portfolios the way they should be managed. It’s challenging to evaluate all the available investment options. It can also be pretty daunting to make your own asset allocation decisions without guidance and to maintain the discipline to regularly review your goals/risk and rebalance your portfolio as it drifts from your target thresholds. In any event, the costs of using a traditional broker or financial planner for your own ETF trades will likely be more expensive than the Six Park offering.
We think Six Park can help you overcome all the challenges and pitfalls of managing your own investment portfolio. In fact, we think our offering is one of the best investment services in Australia. Click here to find out more.
Most traditional funds are “actively managed”. This means they focus on trying to “pick winners” (by selecting investments that are expected to outperform) or “time the market” (or try to take advantage of predicted market surges and contractions).
There is a growing body of research – both in Australia and globally – showing that the vast majority of actively managed funds actually fail to outperform their target benchmarks on a consistent and persistent basis. Numerous studies have also shown that investors who try to time the market usually end up with lower returns than those who simply “buy and hold” (Click here to read more).
At Six Park, we are strong advocates of passive investing (find out more here). Rather than trying to beat or time the market, our focus is on providing our clients with exceptionally low-cost, broad-based and globally diversified portfolios. We overlay this approach with an engaged, thoughtful and continuous review of asset allocation and risk management strategies. We believe this approach is the best avenue for creating long-term wealth.
We don’t pay income or capital gains taxes on your behalf. At the end of each tax year, you will receive tax statements from Six Park and/or the underlying ETF issuers. These statements will list the various components of income and capital gains relating to your investments. You or your accountant can then use these to prepare your income tax return.