ifsinvest is a division of Legg Mason Australia which is part of Legg Mason, Inc. (Legg Mason), one of the world’s largest investment management groups.
Guided by our mission – Investing to Improve Lives™ – we help investors globally achieve better financial outcomes by expanding investment choices through our extensive network of investment experts.
This choice comes from the wide range of investment strategies and vehicles available from Legg Mason. The expertise comes from a rich heritage of financial experience dating back to 1899 and from the nine specialist, independent managers
we own and represent.
Legg Mason has had an established presence in Australia since 1954, operating out of offices in Sydney and Melbourne. It’s this combination of choice and investment expertise that has led us to be entrusted with over AUD $1.1 trillion (31 December 2019) of client assets.
Recognising that many investors want to invest outside of super, ifsinvest is a product designed to meet their non-super investment needs.
ifsinvest is an online platform giving investors access to high quality, competitively priced, simple investment options when investing outside of super.
With ifsinvest you’ll have access to expert fund managers and a range of Model Portfolios to suit your goals and risk profile.
The easy-to-use online platform puts you in control in managing your investments. You can choose to do everything yourself from selecting your investments through to the ongoing management of your account.
Or you can use the services of a Financial Adviser to help develop an investment strategy that’s suited to your needs.
Established in 2007, OneVue is a financial technology company listed on the Australian Stock Exchange. OneVue partners with retail superannuation funds, SMSFs, Industry funds and Corporate funds to deliver a platform that includes investment administration, tax and reporting services through a superior, customised wealth management interface - in turn helping businesses offer their clients a seamless, transparent and cost-effective investment experience.
OneVue is the engine behind the platforms of several well-known licensee group and consumer brands.
OneVue Wealth Services Limited ABN 70 120 380 627 AFSL No. 308868 is the Responsible Entity of ifsinvest.
OneVue and ifsinvest working together
ifsinvest is a division of Legg Mason Asset Management Australia Limited (Legg Mason Australia) and is the Investment Manager of the Model Portfolios offered through ifsinvest.
Legg Mason Australia is also the promoter and distributor of ifsinvest. The Client Care Team is responsible for providing support services and is available to answer your queries and assist with any day to day problems with the the ifsinvest platform. Legg Mason Australia does not charge you directly for the services, however, may receive promoter fees from your investment in the ifsinvest Investor Direct Portfolio Service, Cash Hub, Managed Fund Service or Managed Account. In addition to the promoter fees, may receive a portion of the transaction fees charged for Managed Funds and Term Deposits.
Legg Mason Australia receives fees from OneVue for investment management and customer support services. Further information about the fees received by Legg Mason Australia is set out in the Disclosure Documents.
What is a nominated representative?
It is a requirement of ifsinvest that investors appoint a Nominated Representative to access and operate their account on their behalf.
- If you invest through a non-IFS Adviser, then this Adviser will be appointed as your Nominated Representative.
What if I don’t have a Financial Adviser?
If you choose to invest directly in ifsinvest without receiving advice from a Financial Adviser, Legg Mason Australia will be appointed as your Nominated Representative.
What is the role of a Nominated Representative?
Your Nominated Representative is able to exercise all of the rights you grant them (except the right to transfer the authorisation to another person) to operate your account on your behalf, including:
- Providing instructions relating to your account
- Executing investment decisions via the Secure Portal
- Accessing your personal information online
- Making enquiries regarding your investments, and
- Instructing us to make additional investments on your behalf and debiting your nominated bank account.
How do I appoint a Nominated representative?
To give authority to your Nominated Representative you need to read the “Nominated Representative Terms and Conditions" of the Services Guide and complete the relevant section of the Application Form. The purpose of this form is to allow OneVue to rely on instructions from your Nominated Representative.