Individually Managed Accounts
Professional fixed income portfolio management.
Open to Wholesale Clients
The Individually Managed Account Service provides investors access to a menu of products that combine the benefits of total return, capital stability and regular income with direct ownership and professional management.
The benefits of investing with the IMA service
Investment
Expertise
The IMA Investment Management Team are experts focused entirely on creating value for investors.
Portfolio
Diversification
The IMA service maximises diversity through the DirectBond service enabling us to offer bonds in $10,000 parcels. A $1M investment could hold 100 different bonds.
Regular
Income
Investors benefit from a regular income (coupon) stream that can either be distributed to a nominated bank account or automatically reinvested.
Direct
Ownership
The bonds are held in your own name, they are not units in a trust.
How the IMA service works

Once you have chosen an Investment Program, the IMA Investment Management Team (IMT) will invest in fixed income assets according to the program’s mandate and replicate its model portfolio. The IMA IMT will rebalance your holdings in response to changes in markets and investment opportunities.

As an IMA client, you receive:

  • Regular income payments (coupons) either reinvested or paid into your nominated account.
  • The opportunity to subscribe to multiple Investment Programs.
  • The option to transfer approved assets ‘in-specie’ into your IMA account.
  • Full transparency, with 24/7 online access to your portfolio’s performance, valuations, transactions and income.
  • Monthly and annual statements of portfolio accounts, and a monthly quarterly economic and fixed income market commentary from the IMA IMT.
  • Custodial services.
  • Compliance monitoring, supervisory oversight and independent audit of services by KPMG.
Why invest with MST’s IMA service?

Investing with MST’s IMA Service provides the following benefits:

  • Professional fixed income portfolio management by industry experts.
  • Choice of two Investment Programs or a customised Investment Mandate for investments over $10M.
  • Maximum diversification through the use of the DirectBonds service, independent of your investment volume and the Investment Program chosen.
  • Direct beneficial ownership of the portfolio of fixed income securities via your own custody account.
  • Cut down on administration as MST administers any notices and corporate actions related to your investments.
  • Simple and clear fee structure.

Investors can choose from two IMA Investment Programs, with a minimum investment of $1M, each designed to appeal to a range of investors’ product preferences, target returns and credit risk tolerances. Alternatively, Investors with a minimum of $10M can customise their Investment Mandate.

“The IMA service offers wholesale investors the opportunity to earn meaningful improvements in returns and liquidity over Cash and Term Deposits through the direct ownership of a significantly diverse range of quality assets that include Australian Bank and Corporate Bonds”
Megan Romeo
– Head of Individually Managed Account Service (IMA)
IMA Investment Programs

The Individually Managed Account Service provides investors access to a menu of products that combine the benefits of total return, capital stability and regular income with direct ownership and professional management. The minimum investment amount for the IMA service is $1M for each investment program, or $10M for a Customised Investment Program.

Conservative Income

Regular income through exposure to investment grade rated debt only. Conservative Income invests in investment grade rated senior and subordinate bonds only. Longer dated bonds form a key part of portfolios generating yield from credit and interest rates. The mix of holdings of fixed and floating rate bonds will shift through the interest rate cycle.

Income Plus

Regular income through exposure to both senior and subordinate debt. Income Plus has a broader mandate to invest across the capital structure, senior through to subordinated bonds, and across the credit spectrum to include investment and non-investment grade rated bonds. The allocation to select non-investment grade credits is based upon corporate credit strength. The portfolio credit exposure mix of rated and unrated senior and subordinate bonds will shift through the credit cycle.

Customised Investment Programs

For investments of $10m+

MST’s IMA service offers the ability to create a bespoke fixed income portfolio based on your key investment objectives including liquidity, credit, duration, diversification and Environmental, Social and Governance (ESG) position.

The IMT team can provide a bespoke investment program including exposure to Government, Corporate, Bank and Asset Backed Securities in the form of fixed and floating rate securities.

The IMT will assist investors to achieve their required outcomes through a detailed Investment Mandate design phase.

All material on this website has been prepared by MST Financial Services Pty Limited (ABN 54 617 475 180, AFSL 500 557) for general informational purposes only and is not a solicitation of any offer to buy or sell any financial instrument or to participate in any trading strategy. Unless otherwise stated, the material presented on this site is not a research report as defined under ASIC guidance. For wholesale clients only. This material is only prepared for wholesale clients pursuant to section 761G(7) of the Corporations Act (Commonwealth). Please also refer to MST's Privacy Policy, Terms of Use and Financial Services Guide.

Some of the products referred to on this website are issued by Equity Trustees Limited (ABN 46 004 031 298, AFSL 240975), the Responsible Entity of the funds. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a company listed on the ASX (ASX: EQT). Before making any investment decision, you should carefully review the relevant disclosure documents, including the Product Disclosure Statement (PDS), Reference Guide (RG), and Target Market Determination (TMD), available from Equity Trustees. For MST Individually Managed Accounts (IMAs), please refer to the Information Memorandum. MST does not warrant the accuracy or completeness of the information provided and disclaims all liability for any errors or omissions, to the extent permitted by law. Past performance is not a reliable indicator of future performance.