Structure of the investment

Is my investment pooled together with others or is it separately managed?

Your investment portfolio is held separately and, unlike a unit trust or similar scheme, it is neither pooled nor invested immediately. Your portfolio is individually managed under a Management Agreement between yourself and Harper Bernays Limited. The investment strategy is tailored to suit your own investment objectives and risk profile, and investment decisions are made in your portfolio when opportunities arise.

Who will hold my cash and shares?

An independent custodian nominated in your Management Agreement will hold all of the assets in your portfolio. All cash will be held in the custodians' cash management account.

What role does the custodian perform?

Apart from holding your shares and cash, the custodian has a Power of Attorney signed by you that allows them to settle all the portfolio transactions (such as buy and sell orders with stockbrokers), collect all dividends and interest, correspond with listed companies and their share registries, and sign documents (such as applications for floats, acceptance of takeover offers etc.) on your behalf. As a trusted third party, you can rely on the custodian to provide accurate and reliable reporting, as well as the safekeeping of your assets.

Whose name will my investments be registered in?

Each of your investments will be registered in your own name (or where your investment portfolio is an entity such as a company or superannuation fund, the name of that entity). The registered address of each investment will be the address of the custodian.