Can you wrap up all your investments and shares in one account?
Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 22 October 2021. Luke returns to the studio next week and joins Leon by phone. This week’s topic: What is a wrap account and why would you use one? A wrap account has many benefits for investors and those with self managed super funds who want an easier way to keep control of their investments.
Key topics include:
- What is a wrap in an investment setting?
- How does it work?
- Can you still buy and sell individual investments in this kind of account?
- What are the other benefits of using this kind of account?
- Who could benefit from a wrap account?
- What does it cost?
- What things could consider when assessing different account providers?
- How do you open a wrap account?
- Can you transfer existing investments into a wrap account without triggering capital gains tax?
- Can you switch account providers if you’re not happy with your service provider?
- Luke shares his top tips for thinking about using a wrap account.
- What is a digital signature and how can impact your decision on which provider you use.
Everyone has different goals and financial planning advice can help you achieve them more effectively, especially when you link different strategies.
Listen to the Podcast right now
Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’
Do you need advice around Wrap Accounts?
Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Luke can also talk to you about Wrap Accounts.
Make an appointment to confidentially explore what you’d like to achieve with your own personal financial plan. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion.
Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcast. We look forward to your company again.