Beresfords Financial Planning Company Sydney Australia

Summary Table of Benefits

Investor Benefits	SMA	Managed Funds	Direct Shares
General
Transparency of Holdings	Yes	No	Yes
Transparency of Fees	Yes	No	Yes
Control over Fees/ Taxes	No	No	Yes
Beneficial Ownership	Yes	No	Yes
Portability of shares	Yes	No	Yes
Capital gains tax advantages	Yes	No	Yes
100% Imputation Credit Advantage	Yes	No	Yes
Relationship with portfolio manager	Yes	No	No
Portfolio Reporting
Intra year tax reporting	Yes	No	No
Web enabled daily position report	Yes	No	Yes
Research services
Planner proximity to investment team	Yes	No	No
Quarterly market and portfolio commentary	Yes	Yes	No
Listed investment research service (FFS basis)*	Yes	No	No
Fees
Brokerage	Yes	No	Yes
Management	Yes	Yes	Yes
Buy/Sell Spread	No	Yes	No

*Fee For Service basis, quotes available on request subject to market conditions.