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Managed Discretionary Accounts

IAM managed discretionary accounts offer ownership of a curated portfolio combining investment grade bonds and syndicated loans. Professional investment managers combine active oversight with tailored support and transparent portfolio reporting.

Compass MDA

Through a unique combination of 60% investment-grade credit and 40% syndicated term loans, the Compass MDA delivers capital-stable, cash-generative investments designed to generate attractive risk-adjusted returns, currently targeting RBA Cash + 3.00%-3.50%.

Benefits of a Managed Discretionary Account

Portfolio management

Proactive portfolio management

We actively position your portfolio to reflect market, issuer, and macro shifts, optimising returns while managing volatility.

Transparency

Direct ownership and full transparency

You have direct ownership of each asset to see what investments are in your portfolio, including acquisition costs, market value and accrued interest.

Investments

High quality investments

Portfolios are typically high conviction with the total number of holdings limited to 20-25 high-quality fixed income assets.

No shared costs

No shared costs

Tax events and transaction costs are not shared across clients.

Service

Premium service

We manage the daily administrative aspects of your managed account and provide customised, comprehensive reporting and monthly valuation statements.

Compass MDA

Details: A portfolio of capital stable, cash generative, fixed income assets that offer attractive risk adjusted returns.
Trustee Services: Trustees Australia Limited (TAL)
Custodian: Perpetual Corporate Trust
Minimum Investment:
  • Signature portfolio: $1,000,000
  • Bespoke portfolio: $5,000,000
Investment Universe: AUD Bonds and Corporate Syndicated Loans
Allocation: 60%/40% Investment Grade Credit / Syndicated Term Loans
Minimum Exposure: 20 assets
Target Return: RBA+3.00%-3.50%
Structure: Direct Asset ownership reported to each SMA investor portfolio, no pooling of investor funds
Fees:
  • 0.50% Management Fee
  • 0.15% Bond custody and administration fee if held with Perpetual Corporate Trust, through TAL
Reporting: Live portfolio holdings. Formal reporting provided monthly. Semi-annual opportunity to meet with Investment Committee
Distributions: Paid quarterly or reinvested

Find out more about the IAM managed discretionary account

Speak to an IAM Relationship Manager about integrating a high-conviction, transparent and actively managed account into your investment strategy.

Email Us

Why choose an IAM managed account?

IAM managed accounts include high-quality fixed income assets including Investment Grade bonds and syndicated loans, which are backed by rigorous bank-level due diligence and not widely available in public markets.

The Investment Committee

James Simpson
Investment Committee Chair

James has 34 years of experience in active funds management, 17 of which were alongside Kerr Neilson and more recently, management of his own family office. He has a foundation in equities but has broadened that focus toward the bond markets and private credit. As a co-founder of Platinum Asset Management (ASX:PTM) he brings a deep understanding of investment products and financial markets. James recently accepted a non-executive board position with PTM.

Watch the interview with Jim where he discusses his philosophy on investment.

Danielle Press
Director, IAM

Danielle has extensive experience in capital markets, asset management and financial services regulation. She was a Commissioner of the Australian Securities and Investments Commission from 2018-2023. She currently chairs the Superannuation Trustee Boards of Insignia Financial.

Her leadership experience includes holding the CEO role at the Myer Family Company and Equip Super. Prior to that, Danielle spent 17 years at UBS, in a range of roles focusing on investment, risk management and client solutions in Australia, Singapore and Chicago.

She began her career at the Reserve Bank of Australia in the International Department. Danielle holds a Bachelor of Economics (Hons) from the University of Western Australia.

Portfolio Manager

Matthew Macreadie
Executive Director, Credit Strategy and Portfolio Management

Matthew provides credit commentary/views on the bond market and specific credit issuers with the aim of aiding investors to make better risk-return decisions. He has executed 1, 3, and 5-year credit-strategies that have been consistently above benchmark.

Prior to IAM, Matthew spent eight years as a Senior Credit Portfolio Manager at Aberdeen Standard, where he was responsible for the credit portfolio construction and security selection across a wide range of investment-grade/high-yield, financial and non-financial sectors.

Matthew began his career at KPMG and then spent six years at Colonial First State Global Asset Management as a Fixed Income Credit Analyst. He holds a Masters of Applied Finance degree from Macquarie University and a Bachelor of Commerce degree from UNSW.

Research Hub

Get free instant access to IAM’s Research Hub, where you’ll find valuable insights, trade ideas, detailed issuer and issue specific credit opinions, educational content and our bond pricing calculator.

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