Individually Managed Accounts
Thesan Asset Management offers individually managed account (IMA) services to wholesale clients who invest via a diverse range of investment structures.
We believe that the flexibility and personalisation available to clients through the IMA structure provides alpha, transparency and holds Portfolio Managers accountable to their mandates better than other options available in the market.
The firm utilises investment strategies that have been developed through research and experience investing in domestic and global equities, which are specifically tailored to suit the investors’ personal mandate.
Our investment philosophy document describes some of the strategies it has employed, with case studies to demonstrate the outcomes provided.
What is an IMA?
An individually managed account (IMA) is a commonly used professionally managed investment vehicle utilised in Australia.
An IMA is structured so that the professional manager is not the custodian of the cash and assets. The manager is simply appointed under a limited power of attorney which provides him/her authority to use their discretion to make investment decisions, providing they are within the constraints of the mandate provided to them by the client.
Historical Performance Data for IMAs
| Fiscal Year | Portfolio Return | Market Return | Alpha |
|---|---|---|---|
| 2017 | 24.00% | 13.79% | 10.21% |
| 2018 | 15.50% | 12.65% | 2.85% |
| 2019 | 6.83% | 11.56% | -4.74% |
| 2020 | -1.60% | -3.81% | 2.21% |
| 2021 | 22.01% | 25.57% | -3.56% |
| 2022 | -8.43% | -6.78% | -1.65% |
| Total | 58.47% | 52.98% | 5.49% |
*Returns shown after fees and costs
Thesan Asset Management offers individually managed account (IMA) services to wholesale clients who invest via a diverse range of investment structures.
Personalisation
Unlike other investment structures including separately managed accounts, each client’s portfolio is unique and tailored to suit their desired outcomes.
Scale benefit without scale liquidity risk
In addition to professional management skill, investors generally benefit from managed funds having the scale to attract investment opportunities that may not normally be available to the average retail investor.
Tax Planning
Each year the Portfolio Managers can make decisions to realise gains or losses that are in the best interest of the individual investor’s tax planning strategy.
Transparency
IMAs (and SMAs) unlike other structures provide the investor with greater transparency over the happenings within their investment portfolio. This allows the investor to continually monitor the holdings and transactions within their portfolio and ensures the portfolio manager stays accountable to the investment mandate provided by the client.
