PPM provides an individually managed portfolio for each investor. We first developed Individually Managed Accounts or IMAs in 1995 to provide a better form of professional investment management.
IMAs are simply a portfolio owned directly by the investor and managed by a professional investment manager. The IMA structure provides many benefits including:
- Tailored investment portfolios to suit the individual needs of each investor
- Tax efficiency and the ability to manage tax outcomes
- Portfolio holdings and transaction transparency
- Cost effectiveness
- Ability to import an existing portfolio without incurring capital gains tax
In addition to investment management and administration, our IMA offering includes on-line account access, formal quarterly portfolio performance appraisals, and annual tax reporting.
For a comparison of different investment structures including IMAs, managed funds, ETFs, SMAs, and listed investment companies, see PPM's discussion paper
Investment Structures Matter.