SYDNEY September 2013 – SMSFs are missing the upside of global stocks because they do not invest offshore due to the cumbersome and expensive process, a leading wealth builder has warned.
‘One of the reasons that SMSFs don’t invest much in offshore stocks is because it is fairly cumbersome and expensive to do so,’ says Crystal Wealth Partners director John McIlroy. Recent portfolio changes include selling down IBM, adding Hugo Boss and French defence company Safran.
Crystal Wealth’s Global Titans portfolio is a ‘very concentrated model’, says McIlroy, of 16 stocks listed in the US, UK and Europe and includes holdings in McDonald’s, BSkyB, Coach Inc, Nestlé and GlaxoSmithKline.
‘Investing in a concentrated portfolio of exceptional dividend growing companies, with an absolute value bias, will generate attractive long-term returns with less than average volatility,’ says McIlroy.
Crystal Wealth has teamed with Insync Funds Management which specialises in the international space and has successfully operated the Insync Global Titans managed fund for several years.
‘We have also teamed with RBC Investor Services for custody services,’ McIlroy adds.
The Crystal Wealth MDA service now has eight model portfolios including five multi-asset class risk-based model portfolios and three equities models. Under MDA services, investors provide discretion to the operator or investment manager to vary the underlying investments.
Crystal Wealth Partners is a privately owned boutique financial advisory and investment management firm specialising in delivery of services to high net worth individuals and family offices.
contacts
John McIlroy
director
Crystal Wealth Partners
0411 592 118
john@crystalwealth.com.au