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The 'shield' represents the Ancient Greek concept of protection. In Greek Mythology the Aegis shield was associated with Zeus and Athena. The modern interpretation of "doing something under someone's aegis" means doing something under the protection of a powerful, knowledgeable and benevolent source. This modern interpretation fits with the brand ethos of Aegis Limited being a trustworthy company entrusted to deliver unbeatable investment administration and custodial services to its clients.
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Commonly referred to as a custodial wrap account or investment platform, the Aegis service is an electronic investment administration service that is available through selected investment professionals

How does the Aegis Service work?

The Aegis service is only available through selected investment professionals that access Aegis through a secure area of the AegisNet website. This enables them to electronically create and manage portfolio records, initiate investment transactions and generate portfolio reports for you.


YOUR INVESTMENT PROFESSIONAL USES AEGIS TO MANAGE YOUR INVESTMENTS

 

How Aegis Works

 

SETTING UP YOUR PORTFOLIO ON THE AEGIS SERVICE

1. REGISTRATION
Your investment professional enters key portfolio information into AegisNet such as portfolio name and ownership, address details, bank account and tax rates. Aegis validates this information (if required) and the portfolio is ready to accept cash and assets.

2. DEPOSIT
You deposit cash into ICSL's trust account and Aegis matches your deposit with details provided by your investment professional through AegisNet. Aegis can also cater for regular deposits to your portfolio.

3. ALLOCATION
Your cash is allocated to your portfolio and is then available for investing. Alternatively, you can transfer existing investments held in your own name (or held on your behalf by another custodian) into your Aegis portfolio without needing to cash them up. Whilst there are multiple investments currently available via Aegis, there are some investments that Aegis cannot administer and may require cashing up. Aegis organises the transfer of records with the appropriate registries on your behalf. Even though investments are in the name of ICSL, you remain the beneficial owner of the investments. For more information about ICSL, refer to "Who holds my investments?" under the FAQ section.

MANAGING YOUR INVESTMENT PORTFOLIO
Your Cash Account is at the heart of the Aegis service with all your investment cash transactions flowing through this account. Through AegisNet, investment professionals and their staff initiate transactions agreed with you, such as the addition or withdrawal of cash or the sale or purchase of investments within your portfolio. Depending on the authority given by you to your investment professional, these transactions may require written consent from you before Aegis can process them. Interest, dividends and other distributions from your investments are received and automatically allocated by Aegis to your Aegis Cash Account.

Cash_flow_diagram

There are also three foreign currencies available to you through the Aegis service; Australian dollars, US dollars and British pounds. Aegis automatically creates a cash account in these currencies when you purchase assets or receive dividends in these currencies.

The New Zealand and foreign cash accounts pay interest at rates that vary according to the market rates at the time. Interest is allocated monthly to your portfolio's Cash Account.

The ongoing fees agreed between you and your investment professional are calculated and automatically deducted from your portfolio's cash account, usually on a monthly basis. Ongoing fees are generally tax deductible if they are incurred deriving taxable investment income. If you have any questions regarding the tax deductibility of fees, you should consult your independent tax advisor. Aegis updates the value of your investments held through the Aegis service on a regular basis. For many investments, values are updated daily. This means you can access current values and performance for your investment portfolio.

Reporting

Because Aegis holds your portfolio investments, records all transactions that take place within your portfolio and has up to date pricing and exchange rate information, Aegis is the source of truth when it comes to portfolio reports including:

  • Portfolio valuation
  • Portfolio performance
  • Portfolio income
  • Cash transactions
  • Asset transactions
  • Pending transactions
  • Taxation reporting

Your investment professional will agree with you how often they will provide portfolio reports to you. They can also offer you a range of portfolio reports to view online as and when you require.