WealthDirect is a unified managed account enabling you to see all your investments, assets and liabilities for all your tax entities – all in one place. It is also a powerful reporting tool, providing consolidated tax reports for your accountant to use, saving time and money.
WealthDirect uses secure, proven technology to provide you with a single access point to monitor and manage all of your investments- or just a part.
WealthDirect allows you to always be on top of all of your investments and to be able to work towards managing your tax positions either by yourself, or with your financial adviser. It's your choice!
The core reporting and management system is a double entry accounting based system meaning WealthDirect can report on ANY asset you may have. Shares, managed funds and managed account information are automatically updated through the system on a daily basis.
To create a more complete view of your total wealth, you can record the value of your properties, cars and collectibles.
With WealthDirect you do your own research, make your own investment decisions and place your own orders. WealthDirect then manages the paperwork and serves as the mailing house and administrator correctly recording income, costs, liabilities and producing consolidated reports and tax reporting.
Background AMA (client)
AMA (Australian Medical Association) are the first association to have access to the WealthDirect services.
The Australian Medical Association (AMA) is the peak membership organisation representing the registered medical practitioners (doctors) and medical students of Australia.
The AMA promotes and protects the professional interests of doctors and the health care needs of patients and communities.
The AMA members are generally high-net-worth individuals from GPs to surgeons they are time poor/