Investor Directed Portfolio Services (IDPS), also referred to as ‘Wrap Accounts’ or ‘Master Trusts’ (when structured as a superannuation fund), can be used to manage the investments of certain superannuation funds, including self-managed superannuation funds.
IDPS’s have become more widely used as an investment solution for those clients managing their own self-managed superannuation fund to manage their investment portfolio.
The main offering of an IDPS is to provide access to a wide variety of investment choices, including managed investments, shares, fixed interest and cash investments, from many different providers through the one offering. A key advantage of this is that reports are prepared for you by consolidating all investment returns on the one statement. This makes it a ‘one-stop-shop’ to evaluate your investments and any associated taxation considerations within your superannuation fund.
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