Execution of share trades
Peak uses Shaw & Partners and CMC Markets Stockbroking for the settlement of share trades and CHESS registration. This allows us to deal through a selection of brokers.
Security of your investments
Australian stocks are registered directly in the name of your own personal entity with your own holder identification number. International securities on overseas exchanges are either registered in the name of your own personal entity with Pershing LLC or held by the appointed sub-custodians for CMC Markets Stockbroking. All company correspondence is forwarded to Peak's registered address. We undertake the administrative functions of advising the registries of dividend banking instructions and TFNs, dividend collection, settlement of corporate actions and retention of CHESS statements.
Existing holdings transfer
When we establish your brokerage account, we also arrange for any existing shareholdings to be transferred to Shaw or CMC CHESS sponsorship. As there is no change in beneficial ownership, there is no realisation of capital gains or losses on transfer.
Dealing transparency
When a trade is carried out on the Australian Securities Exchange, the contract note is sent to yourself and Peak via email for updating in your portfolio. For trades on international exchanges, transactions may be viewed by logging into your Praemium account.
Reporting process
Peak will send you quarterly valuations and performance reviews of your portfolio within 30 days of the end of the quarter. Detailed information such as your cash book, dividend and interest income, and capital gains are constantly available within Praemium. At year end, we will provide both you and your accountant with a full report of all your annual capital gains and income details. This ensures that your accountant receives all the information necessary to complete your tax return. We can provide it in either hard or soft copy – whichever you prefer.
Fees
Peak operates under a transparent and highly competitive fee structure. We charge portfolio management fees as a percentage of assets under management. The percentage fee depends on portfolio size and will be agreed with your adviser.
