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Six Park

VeryGood 6.75
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Six Park Review

  • Six Park is a regulated managed investment funds company
  • Six Park is made up of a group of experienced individuals
  • Six Park has an advisory committee that continually offers expert oversight
  • The company offers broad range of diversified portfolios
  • Several asset classes
  • The company offers its services at a low cost
  • The online platform is run by actual people
  • Limited customer support channels
  • Does not accept international clients

Six Park is an automated robo advice investment solution that aims to provide investors with a personalized portfolio of globally diversified ETFs (Exchange Traded Funs). The organization is majority-owned by a group of individuals with years of professional experience in investment and portfolio management, digital and online operations, as well as strategy and finance.

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Founded in 2016, Six Park is an authorized representative of Bespoke Portfolio Pty Ltd, a company licensed and authorized by the Australian Securities and Investments Commission (ASIC). Six Park’s portfolios are designed using the principles of Modern Portfolio Theory (MPT), which is one of the most widely recognized tools for investment portfolio management today. Six Park makes it possible for its clients to invest globally using ASX-listed ETFs (Exchange Traded Funds), passive index funds that give exposure to a range of global investments and allow them to construct a portfolio that covers exposure to several companies around the globe.

Besides global equities, Six Park makes it possible for investors on its platform to diversify their portfolio by using ETFs that follow more defensive global asset classes like fixed income, infrastructure, as well as listed property. To help their clients achieve optimal long-term investment results, Six Park keeps costs low, gets their asset allocation correct, and reviews clients’ portfolio periodically in a bid to make sure that they remain appropriate for their circumstances. Six Park is available to only Australian residents.

Exchange Platform

The Six Park trading platform is integrated into OpenMarkets’ Application Programming Interface (API) trading network. This means that Six Park’s proprietary systems are linked to OpenMarkets’ API, a move which gives OpenMarkets third-party authorization on all Six Park user accounts. The partnership allows OpenMarkets to handle trading, operations, brokerage, clearing, settlement, as well as real-time data on behalf of Six Park. However, Six Park still regains investment on its clients’ accounts.

Exchange Market

Six Park offers some of the most comprehensive lists of selected ETFs on the market. The company carefully reviews and assesses the market bearing in mind factors such as liquidity, fund size, tracking error, as well as relative costs to ensure that they represent the best available investment options for their clients. Consequently, Six Park offers its users the following investment options:

  • Australian shares. Six park monitors the 200 most significant and most liquid publicly listed entities in Australia.
  • International stocks. Six Park gives investors exposure to over 1,500 securities from 22 of the world’s most developed economies.
  • Global listed property. Six Park follows over 200 real estate investment trusts (REITs) as well as real estate operating companies that are listed on major exchanges around the globe.
  • Global infrastructure. Six Park helps you to invest in a diversified portfolio of infrastructure securities that are listed on exchanges of developed economies around the world.
  • Emerging markets shares. Investors are given exposure to the 21 emerging economies across Africa, Latin America, Asia, Europe, as well as the Middle East.
  • Australian fixed income/bond. This investment option is designed to help investors who seek to commit primary to investment grade fixed income securities.
  • High yield cash assets. This investment vehicle invests all its assets in high-interest bank deposit bank accounts with a few choice major banks in Australia.

However, it is worth bearing in mind that each investor’s exposure to each of the asset classes listed above will vary depending on their risk profile.

Deposit and Withdrawals

To make a withdrawal, Six Park Clients will need to make a withdrawal request by sending an email with their requested information to [email protected]. Investors can make withdrawals at any time. However, they cannot withdraw beyond the minimum cash balance, which must be available in the account at all times, unless if they wish to close the account. The minimum account size is $10,000.

Investors who register with Six Park have a Macquarie Cash Management Account (CMA) opened in their name. This is done to ensure that an investor’s Six Park investments can be readily tracked, viewed, and audited by the company. Having a CMA account means that you can access your funds quickly and easily. Hence, you can:

  • Use BPAY to make payments
  • Use wire transfer

Six Park does not charge fees on deposit or withdrawal, nor do they charge trading commissions, performance, or fees for entry and exit.

Help and Support

Six Park aims to build a good relationship with its clients by promoting a positive, helpful, and friendly culture that puts the customer first. As such, customer complaints are taken seriously by the organization. The organization offers the following effective channels for client support:

  • Phone: investors who have questions or concerns can contact Six Park’s customer support representatives on 1300 851 779. Phone support is available from 9 am to 5 pm, Mondays to Fridays.
  • Email: Six Park clients can contact the company at any time with any questions via email at [email protected]

Security and Fairness

As mentioned above, Six Park is an authorized representative of Bespoke Portfolio Pty Ltd, an ASIC-regulated organization with Australian Financial Services Number 341991. Being a representative of Bespoke, Six Park is approved to offer various financial services on behalf of Bespoke.

In the event that the Six Park ceases to operate, clients’ investment and funds would remain accessible to them, since they are held in their name. This means that clients would continue to own and have access to any surplus cash in their CMA with Macquarie Bank. In the same vein, all the ETFs in clients’ accounts would continue to be held in their own names, through the personal Holder Identification Number (HIN) linked to their stockbroking account with OpenMarkets.

Conclusion

Six Park is one of the best-managed robo advice investment funds out there. Despite the fact that it is still relatively new in the industry, the company manages to set the pace, thanks to a team of experienced individuals which includes former Finance Minister Lindsay Tanner, as well as former JP Morgan Australia Chairman Brian Watson, among others.

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Six Park Reviews by Traders
Rate Broker and write a review
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RudyardK
122 reviews
Review date 12/06/2018
1 2 3 4 5 6 7 8 9 10
Six-Park is one of Australia's more trusted robots advisory platform.
Six-Park flaunts its automated platform, but I still prefer a human touch.
Peterpan1
153 reviews
Review date 11/06/2018
1 2 3 4 5 6 7 8 9 10
Six Park is regulated and has a highly professional team. They advise clients on when and where to invest their money more than a typical brokerage.
Six Park is not a normal broker, they offer advice and some automated trading options that somehow never seem to be profitable.
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