Welcome
print this page

How is investing in The Avenue Retirement Service different to investing directly?

It is important to recognise that acquiring interests in underlying investments such as managed investments and ASX listed securities through The Avenue Retirement Service is not identical to holding these investments in your own right.

Please note the following differences:

  • the trustee will be the legal owner of the assets rather than you. You may have a beneficial interest in the Fund, but not in any specific asset of the Fund
  • certain rights and obligations available to, or owing by, the legal owner of an asset are exercisable by the trustee, rather than by you for example:
  • cooling off rights generally do no apply and
  • transaction processing and unit pricing may differ
  • when you make an initial or additional investment in an underlying investment, there is a risk that you have not considered the most recent PDS for the underlying investment, or that you have not been made aware of recent material changes or significant events affecting that investment and
  • you can access managed investments, generally with wholesale fees, which can be significantly cheaper than the retail fees you would pay if you invested in each managed investment directly.
In performing its services, from time to time, interest bearing pooled operating accounts will be used, however no interest is payable to you in respect of those accounts.