Individually Managed Accounts (IMAs) and Separately Managed Accounts (SMAs) both offer investors a highly transparent managed share portfolio while avoiding the tax distortions that come with pooled investment vehicles such as managed funds.However, there are some important differences between individually and separately managed accounts and while they may sound very similar, these differences can have a significant impact on investment performance, suitability, and tax effectiveness.In General, Separately Managed Accounts are a good alternative to managed funds for many investors, while investors with $1 million or more, are likely to find the features of an IMA more compelling.The key differences between the two types of managed accounts rests in their approach to building an investment portfolio.SMAs are constructed with a ‘model portfolio’ where each investor receives precisely the same portfolio, based on a template created by the fund manager. IMAs however, are constructed individually for each investor, although each account will share some common holdings. These two approaches have some important differences:Investors in a SMA may buy stocks that have already enjoyed most of their returns, but remain in the model portfolio to avoid realising capital gains tax. IMA investors however will receive a portfolio that is assembled incrementally, as attractive opportunities arise.For the same reason, new investors in Separately Managed Accounts will receive a larger position in stocks that have already performed well, while IMA investors are likely to receive larger holdings in stocks the investment manager believes will perform well in future.IMAs also provide the ability to tailor the portfolio to the investor’s circumstances. For instance, an IMA manager may place more weight on generating franked dividends for a SMSF, while long term capital appreciation could be more valuable for an investor with a high tax rate. These differences in investment management help produce good after tax results for each investor. Since every investor in a SMA receives the same portfolio, the Separately Managed Account manager cannot factor individual considerations into their management.Both structures will allow the transfer an existing portfolio, with the IMA providing some additional flexibility and tax advantages. When importing an existing portfolio into a SMA, only those shares contained in the model portfolio will be retained and only to the proportion held in the model portfolio. Therefore, investors may still realise capital gains when entering an SMA. Conversely, a diligent IMA manager will adapt the existing portfolio over time and with consideration to tax events.Both offer tax effective investment management to tax conscience investors.For investors wishing to exclude individual stocks or sectors, an Individually Managed Account manager will hold alternative positions, while the SMA will generally hold cash in lieu of the excluded positions. This can have a significant impact on the portfolio’s overall returns.In executing trades, SMA investors will generally receive ‘at market’ prices on their transactions, while an IMA manager may attempt to get best execution and/or exercise discretion over the timing of buys and sells.Service levels are also different, with holders of Separately Managed Accounts receiving a service akin to a managed fund. while those using Individually Managed Accounts have ongoing access to the fund manager responsible for their portfolio and will likely receive personalised reporting.
Certain Online Marketing Stratagems That Are Essential in 2017
Online marketing has imposed a big impact on both the smaller & bigger organizations. In fact, it is actually wiping out the traditional marketing through its approach. The concept of online marketing is also relative and varies from organization to organization depending on their amplitude, work culture & capital. With a lot of techniques that belong to different categories, online marketing has a bouquet of strategies for all the organizations, whether small or large, whether with a huge capital investment not.A big part of the online marketers think that online marketing is limited to SEO, SMO & SEM, where in reality, a lot of other online marketing strategies have already arrived at the end of 2016 and some of them are still coming since the beginning of 2017. So, as the field of online marketing is quite vast and very much volatile, therefore, the biggest online marketing experts always do the experiment and upgrade themselves to cope up with these changes.But geniuses are geniuses and we can’t wait for being one of them without doing nothing. So, before we lose the game and stay backward, here are certain strategies for you that are dominantly impacting the field of online marketing in the present year of 2017 too!Voice searchNot to say much, Google itself is emerging to the voice call search process. As online marketing majorly works around the search protocol, so the evolution of this latest search technique makes the game easier! Search by voice takes comparatively lesser time and freedom to choose the language users to want and is practically a very optimized method than the general search because it is easier and rapid in terms of showing results on the SERPs. With the rapid growth of voice search on the smartphones over almost all the countries of the world, the reach of this type of search has grabbed half the world of online marketing with its flexibility, smoothness and facilitated terms & conditions.Niche Content CurationGoogle now supports GIFs & videos on the SERPs that directly approach the viewers once they open the page. Once any topic is searched, along with the text contents and images, videos and GIF files also open up to optimize the understanding of the users. The crawler of Google crawls the websites and find out the videos and GIFs and when anyone searches for the niche term, the related videos and GIFs are displayed from the cache. This process has already started in the larger portion of the USA and in the near future, it is expected that this feature will dominate the entire virtual world.Mobile Responsive MarketingThe ‘big switch’ from the big screen to the small screen, more specifically, from desktop to smartphones has compelled the invention of responsive content. As more and more people are accessing the websites through the smartphones, along with the design, the contents need to be mobile friendly. To keep pace with this change, the online marketing strategies are also evolving into being mobile responsive.Live Streaming Cuts The Snow!To redeem online marketing from its old, almost obsolete freezing mode, the social media sites have launched the live streaming in the year 2016. The concept clarifies the objective that checking out the ‘at present scenario’ of the host makes the branding strong. With the help of the faster internet facility and the omnipresence of the smartphones, live video streaming channelizes the constant flow of endorsement and grab the attention of more public. As the amenity gets more and more attention, it is to hope that in the present year, we are going to get this feature more optimized.The ‘Go Getter’ Influencer MarketingInfluencer marketing is the latest in, in the online marketing in 2016. As a consequence, more and more industries are striving to apply this strategy, but without a proper knowledge of how to leverage it for a proper business progression. As influencer marketing focuses less on the direct approach to the targeted group of customers and focuses more on the key leaders or influencers to generate more traffic to your business, it empowers the online marketing from a new perspective.Content Marketing & Dense ContentContent density is the major requirement of organic SEO services. High-quality content and proper keyword stuffing in a website helps to grab the attention of the viewers and enables the website to gain the traffic easily.The ratio of the content on a page and the size of it is referred as content density. If a web page has a higher content density rate it ranks better in the Search Engine Ranking Pages or SERPs. This is because, with a higher content density rate, the crawler crawls the website and finds it more quickly.As people have less time to read the entire article, highlighting the particular portion of the articles that can make the deal is the key to success. Dense content marketing focuses on the chosen content that helps in achieving a good deal of traffic through content marketing.
Outdoor Fitness – Tips To Get Fit Out Of Doors
Experts advise to break up the long-term fitness goals into shorter, smaller and more realistic ones in order to ensure success and to be able to stick to an exercise regime, many professional health instructors suggest making work-outs fun to do! Once you eliminate boredom from an exercise routine, such as only working out on a stationery bike or hitting the home-gym where you are faced with the treadmill and the same old environment by taking your workout out, you stand a better chance of sticking to the routine – thanks to the novelty factor as well as the freshness of the ideas as such.
Moreover, with increased health awareness and learning about the ill-effects of obesity, there is no dearth of the number of open-air fitness options that are increasingly being made available to singles or groups of people wanting to explore being outdoors – and benefit health-wise from it, too!
So, it’s a common sight today to find people engaged in sporty pursuits for a health purpose as well as one that combines a certain amount of communing with nature or socializing such as walking the dog or swimming in a community pool ensures they benefit from.
The advantages to taking your daily work-out outdoors are many: from needing little by way of expensive gym equipment (read nothing more than your own two feet or a pair of dumbbells, if you wish) to avoiding the sweaty crowds at the local gym, from no having to drive back and forth to a health spa to availing the benefits of fresh and pure oxygen, from ensuring your daily dose of vitamin D that is only available from sunlight to being free to exercise anytime of the day, anywhere – the benefits of outdoorsy workout are huge!
There are also many different types of activities one can pursue outdoors, some of which we list here for your benefit and healthful knowledge:
Apart from exercising your lungs and filling them with pure oxygen that an outdoor work-out in the early morning guarantees you, you also get to benefit from the added room and spaciousness of an outdoor environment where you can perform lunges to build leg, buttock and thigh muscles. You can team these with other forms of exercise that are restricted by limited space indoors, such as jogging and stretching.
Thus, when outdoors, you can accommodate various forms of energetic exercise to sweat more, weigh less and look great by combining different motions such as performing standing lunges, brisk walking and rear lunges besides elevated walking.
The benefits of performing push-ups for a toned upper body are many and these can best be realized when performed in a natural environment that does away with the need for investing in a bench-press machine or an expensive gym membership fee. Basic movements for a push up includes standard, wide and close gripping of surfaces that will help to stimulate shoulder, chest and triceps muscles and this can be achieved with simple elevation of the hands; more intense work-outs can be performed by elevating your feet.
If you feel up to it, try clapping between push-ups or even squatting on one leg then standing and trying a wider stance; do remember to repeat till you feel the legs experiencing the effects of your efforts.
Other great outdoor exercises include sit-ups, chin-ups (try a tree or playground), uphill running or even walking like a duck – and you will be on your way to good health, cost-effectively!