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Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.
Changes are happening - please bear with us while we update our site.
Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.
5+ Years
0.55%
$20,000
| Holding | Exposure |
|---|---|
| USD/AUD Purchased | 22.72% |
| iShares Core S&P 500 ETF | 19.91% |
| Commonwealth Bank of Australia | 2.41% |
| BHP Group Ltd | 2.40% |
| National Australia Bank Ltd | 1.59% |
| Westpac Banking Corp | 1.51% |
| ANZ Group Holdings Ltd | 1.26% |
| Australia (Commonwealth of) 2.75% | 1.23% |
| Macquarie Group Ltd | 1.12% |
| Rio Tinto Ltd | 0.96% |
| Australia (Commonwealth of) 3.25% | 0.92% |
| Woodside Energy Group Ltd | 0.77% |
| Telstra Group Ltd | 0.72% |
| Transurban Group | 0.65% |
| CSL Ltd | 0.55% |
| Australia (Commonwealth of) 4.25% | 0.46% |
| Australia (Commonwealth of) 4.75% | 0.46% |
| Australia (Commonwealth of) 0.25% | 0.44% |
| Australia (Commonwealth of) 0.5% | 0.43% |
| Australia (Commonwealth of) 2.5% | 0.41% |
The Terra strategy targets an average return of 4.5%+ per year over 5+ years by investing 50% of your portfolio in growing assets, such as Australian and international shares, and alternatives; with 50% in defensive assets, like bonds or cash, or alternative defensive assets, like gold or private credit; to protect your money and generate passive income.
This strategy was designed for investors who are, like us, very long-term focused, want to protect their wealth (and purchasing power), receive a steady stream of income, and grow their wealth sustainably over time. The income can be taken out, or reinvested back into the strategy for further growth or passive income in future years. These investors would also be prepared to accept market risks to achieve a moderate-to-high level of total return (income + capital growth).
This strategy invests in a mixture of Australian and international shares, alternative assets, cash, and fixed income, blended for growth and income. More than half of the portfolio will be passive, exchange-traded funds (ETFs), offering diversification, transparency, and (typically) low costs. Such holdings form the bedrock for exposure to markets. In addition, after rigorous research, our team will tilt the portfolio to talented active funds managers (e.g. small-cap managers), direct shares, LICs or alternative assets. Our team seeks exposures that are not perfectly correlated to traditional assets, like Australian shares, and towards alternative growth assets which are not available as a traditional index fund. We believe a blend of low-cost market exposure (“beta”) with a willingness to back capital allocators (“active”) can result in strong risk-adjusted returns for our investors.
5 – 20
ASX listed passive ETFs, active ETFs, LICs, REITs and shares.
Management fee: 0.55% per year
Indirect cost ratio: 0.16% per year (our portfolios use ETFs and these fees are charged by the ETF providers)
$20,000
What is the minimum % exposure to:
What is the maximum % exposure to:
Under 25%
5+ years
The greater of $4.40 per trade or 0.044% of the value of the trade paid entirely to 3rd party broker
Owen Rask is a highly experienced Australian investor and founder of The Rask Group. As Chief Investment Officer, Owen oversees all research and capital allocation across Rask. He reports directly to you, our investors, and our investment committee.
The types of investors who can open an account with Rask include, but are not limited to:
Individuals
Joint Applicants
Self-Managed Superannuation Funds (Corporate & Individual Trustees)
Companies
Trusts (Corporate & Individual Trustees)
Adults on behalf of Children
Please click here (opens in new tab) to find out the information required to submit your application.
If you fall outside these categories, please contact our friendly Australian-based team, using the chat function in the bottom right corner of this screen, to see how we can still help you.
The short answer is no. There is no minimum investment period you need to remain invested for. If you fund your account one day and your personal circumstances dramatically change the next day, you can withdraw funds from your account or close it completely with no penalty. Please allow up to five business days for your funds to land in your bank account from when you authorise the withdrawal request.
We understand life can sometimes make a mess of the best laid plans and the beauty of investing in liquid assets such as ETFs (as opposed to, say, a resdential property) is how seamless it is to exit positions. Saying that, the Rask Invest portfolios are designed for long-term investors. Below you will see the suggested timeframes for our portfolios:
Retirement Passive Income Core (50/50) Terra = 5+ years
Growth + Income Core (70/30) Martian = 7+ years
High Growth Core (90/10) Jupiter = 10+ years
Before investing with us at Rask Invest we believe investors should be able to say “yes” to these three statements:
I have a savings buffer which I will be able to use for any short-term unforeseen expenses;
I have selected a Rask invest portfolio in-line with my long-term investment objectives and not just by selecting the portfolio with the highest performance, and
I understand investments will fluctuate and I am comfortable with parts of my portfolio – or my whole portfolio – showing a negative return for up to one year or more.
Rask Invest accounts are what’s known as “Professionally Managed Accounts” or PMA for short. They are not a managed fund. Our investment structure differs from a managed fund in a number of ways:
Every investor has their own account. In the case of a managed fund, everyone is in one account and your ownership of that ‘pool’ is a portion of the units in that ‘pooled’ investment.
Rask Invest investors have full legal ownership of the investments held via the ASX’s HIN technology. In the case of a managed fund, a custodian owns the underlying assets and the investor has ‘beneficial ownership’. For this reason, we believe Rask Invest is extremely secure.
The Rask Invest team will select the assets you invest in, just like a fund manager would, but you get full transparency over them at all times. You will see every transaction made, every dividend paid and every fee you incur. This is unlike a managed fund where investors will typically only see the top ten holdings at a certain point in time, or in an index fund – when you don’t see the trading or “turnover” consequences until long after the tax year has passed.
Yes, you will be the registered and legal owner of all investments held in a CHESS sponsored account, in the name of the account holders or entity (e.g. your SMSF) that holds the Professionally Managed Account (PMA). This was incredibly important to us at Rask.
Each holding is uniquely identified by a Holder Identification Number (HIN), providing a clear and traceable record of ownership for added transparency and security.
Additionally, this means investors who are closing their account can choose to transfer out the holdings to their own brokerage account, and it can make things like managing a deceased estate very simple. Please see the PDS for transfer costs.
So, you’re thinking of investing with me and the Rask team? Fantastic! I’m humbled. Since starting Rask in 2017, we’ve taken total pride in being open, honest and genuine (things the finance industry isn’t necessarily known for). Here’s what I tell people when they ask about our fees…
Rask isn’t like a traditional managed fund, ETF or “platform”. It’s more like a very secure brokerage account that we simply manage on your behalf.
To manage your portfolio, provide the technology, include advanced tax reporting, do the research, handle rebalancing and everything that comes with Rask Invest, we charge a low management fee of 0.55%. This is the only fee that Rask receives, and it’s shared with our technology provider and Responsible Entity (InvestSMART). As we strive to create wealth, not capture it, for large balances, we can discount this fee.
Because you always own all of the investments (your money isn’t ‘pooled’ with other investors like a fund or ETF), your account incurs brokerage costs. Fortunately, the brokerage fee for our platform is really low ($4.40, or 0.044% of the trade if the value is over $10,000). We also optimise trades, and have low turnover – keeping costs at a minimum. Crucially, we don’t make any money on top of the brokerage fee. So there is absolutely no incentive for us to trade (unlike virtually every broker platform in Australia). If you DIY your investing through a HIN-based broker, you will still pay a brokerage fee.
Then there are fees charged by the ETFs, which will vary depending on which strategy you choose. This goes to the ETF provider, not us. Unlike nearly every fund manager, most robo advisers, and many financial advisers, our portfolios are on full display – even to the public. And our fees are glaringly obvious. We aim to keep the weighted ETF portfolio fees below 0.25%. For example, as of 1 November 2024, the Jupiter strategy had blended ETF fees of just 0.16% per year. You will pay ETF fees even if you choose to DIY your portfolio or see a financial adviser.
Finally, there are some other costs that may apply in rare circumstances, as disclosed in the PDS. See Product Disclosure Statement (PDS) & Target Market Determination (TMD) for more information.
If you have any questions, jump into the instant chat window (bottom-right corner), and myself, Mitchell (our Head of Funds Management) or his team will be able to help you.
Thank you for supporting Rask to do good for more Australians,
Owen Rask
Founder & Chief Investment Officer
Say hi to Skye!
Skye has $20,000 already fully invested in the Jupiter 90/10 Strategy. She chose this because focused on long-term growth, and read the table in Rask Invest’s TMD. In the next 12 months, Skye doesn’t add any more money to her Rask Invest account as she and her partner are saving for a bigger emergency fund.
Here’s an estimate of Skye’s fees and costs:
Rask’s management fees: $110
Context: This fee covers her HIN-based ownership, full tax reporting via Class, automation features, access to 15+ online courses for her and her family, Rask events, stock research, etc.
Estimated brokerage: ~ $10
Context: This assumes 1 rebalancing event takes place. For example, 1 ETF position is trimmed by the Rask team (trade #1), while another is topped up (trade #2). This fee may go higher or lower, depending on markets and Skye’s overall portfolio mix. And if she added another $1,000 to her account, she would incur brokerage.
Keep in mind, our trading team tries to ‘top up’ underweight positions, rather than ‘sell and rebalance’ portfolios, as we know trading causes fees and taxes – and neither of us like those.
ETF fees: $32
Context: This assumes Jupiter’s blended ETF fees of around 0.16% per year ($20,000 x 0.16% = $32 paid to the ETF providers). ETF fees can change from time-to-time, and we may swap out some of our holdings from time-time.
We always try to target low fee ETFs for your portfolio, but we do not believe low fees = better returns. Fees are only one of many variables we can control, so there may be times when a cheaper option exists but it’s not the right choice. For example, one of Vanguard’s lowest cost ETFs directly exposes Aussie investors to US death and withholding taxes… yikes! There are many other reasons why we wouldn’t recommend just choosing the cheapest option in investing… or life.
Remember, unlike many other fund managers, your portfolio (and fees!) are on display 24/7 in your Rask Invest account. So even if we wanted to try to hide fees, we couldn’t.
Psst. this is a hypothetical example only. Skye’s example is for illustration only. The example includes our management fees, ETF fees and an estimate of brokerage but it may not show every cost or fee. For example, it does not include the estimated buy-sell spread (a very small and ‘nearly invisible cost’ incurred by all investors when buying shares or ETFs). Please refer to the PDS.
Say hello to Ryan!
Ryan is an 45-year-old Engineer who is busy with family and work, and loves investing, but he wants to outsource his $150,000 core ETF portfolio to Rask. He already holds the Vanguard Australian Share ETF (ASX: VAS) and iShares S&P 500 ETF (ASX: IVV), which are included in the Rask portfolios. After speaking with his accountant, he talks to us about doing an ‘in-specie’ transfer for tax reasons.
He chooses our Martian strategy after reading the table in Rask Invest’s TMD (he’s not sure about the bonds and cash but knows he can switch across to the Jupiter or Terra strategies at a later time). In the next 12 months, Ryan plans to invest $5,000 in six months by using the BPay details provided to him during the onboarding process.
Here’s an estimate of Ryan’s fees and costs:
Rask’s management fees: $838.75
Context: This fee covers her HIN-based ownership, full tax reporting via Class, automation features, access to 15+ online courses for her and her family, Rask events, stock research, etc. It’s calculated as follows: ($150,000 x 0.55%) + ($5,000 x 0.55% x 0.5).
Estimated brokerage: ~ $46.20
Context: This assumes no rebalancing event takes place in the first 12 months. However, we have assumed:
1. Ryan pays no brokerage on the in-specie transfer for 2 of his ETFs, VAS and IVV (brokerage = $0).
2. He pays brokerage to buy 6 other ETFs held inside Martian (brokerage = $37.40)
3. His $5,000 dollar-cost averaging in six months is split evenly amongst 2 ETFs (brokerage = $8.80).
The brokerage fee may go higher or lower, depending on markets and Ryan’s overall portfolio mix (we have a hard rebalance rule at 10%). And if he added another $5,000 to his account, he would incur additional brokerage.
Our trading team tries to ‘top up’ underweight positions, rather than ‘sell and rebalance’ portfolios, as we know trading causes fees and taxes – and neither of us like those.
ETF fees: ~$240
Context: This assumes Martian’s blended ETF fees of around 0.16% per year ($150,000 x 0.16%) + ($5,000 x 0.16% x 0.5) = $240 paid to the ETF providers. ETF fees can change from time-to-time, and we may swap out some of our holdings from time-time.
We always try to target low fee ETFs for your portfolio, but we do not believe low fees = better returns. Fees are only one of many variables we can control, so there may be times when a cheaper option exists but it’s not the right choice. For example, one of Vanguard’s lowest cost ETFs directly exposes Aussie investors to US death and withholding taxes… yikes! There are many other reasons why we wouldn’t recommend just choosing the cheapest option in investing… or life.
Remember, unlike many other fund managers, your portfolio (and fees!) are on display 24/7 in your Rask Invest account. So even if we wanted to try to hide fees, we couldn’t.
Psst. this is an example only. Ryan’s example is for illustrative purposes. It includes our management fees, ETF fees and an estimate of brokerage but it may not show every cost or fee. For example, it does not include the estimated buy-sell spread (a very small and ‘nearly invisible cost’ incurred by all investors when buying shares or ETFs). Please refer to the PDS.
G’day Barry.
Barry is retired with an SMSF and paid a financial adviser for strategic advice leading into retirement and shortly after retiring. He’s interested in passive income, so he chose the Rask Terra (50/50) strategy after watching us for many years, reading our TMD and booking a call with our team. He and his wife Julia keep 2 years’ worth of cash in a high yield cash account and term deposits, to fund their lifestyle. They like the Terra strategy because it was designed for retirees with income in mind.
He plans to invest $1 million with Rask over the next year, given it’s secure, his SMSF always owns the assets, it’s fully transparent, it’s supports Rask’s mission of educating Australians, and he could create an account for his grandkids down the line.
(Note: Barry that Barry sought retirement advice and read the Rask Invest PDS and TMD – and spoke to our team to get comfortable.)
Let’s assume Barry invests $1 million in one go and estimate the fees and costs (in reality he might do it in a few chunks, which would impact brokerage fees):
Rask’s management fees: $5,500
Context: This fee is before Barry is offered our large balance fee discount. Of course, this fee covers his and Julia’s HIN-based ownership, full tax reporting via Class, automation features, access to 15+ online courses for her and her family, Rask events, stock research, etc. It would also put his mind at ease that Julia would have a trustworthy and supportive team (at Rask) to help her invest, should anything happen to him.
Estimated brokerage: ~ $431.20
Context: This assumes no rebalancing event takes place and he invests all in one go. If he staged his investments, the brokerage fee would go up. If we did a rebalance, he would pay more in brokerage. And if he did an in-specie transfer within his SMSF, his fee would be lower. As most of Barry’s ETF purchases would be over $10,000 each, the brokerage fee he would pay to our trusted third party broker is: 0.044% x [trade value] for each position.
Keep in mind, Barry can ask us to send his accountant (via Class, Sharesight, Navexa, or something else) a feed of all the tax reporting for his SMSF, hopefully saving him or his tax adviser plenty of time and hourly fees.
ETF fees: $1,680
Context: This assumes Terra’s blended ETF fees of around 0.168% per year ($20,000 x 0.168% = $1,680 paid to the ETF providers). ETF fees can change from time-to-time, and we may swap out some of our holdings from time-time.
We always try to target low fee ETFs for your portfolio, but we do not believe low fees = better returns. Fees are only one of many variables we can control, so there may be times when a cheaper option exists but it’s not the right choice. For example, one of Vanguard’s lowest cost ETFs directly exposes Aussie investors to US death and withholding taxes! There are many other reasons why we wouldn’t recommend just choosing the cheapest option in investing… or life.
Remember, unlike many other fund managers, your portfolio (and fees!) are on display 24/7 in your Rask Invest account. So even if we wanted to try to hide fees, we couldn’t.
In Barry & Julia’s case, we expect their Rask Invest Terra portfolio would produce significantly more passive income than the total fees and costs charged via Rask Invest.
Psst. this is an example only Barry’s example is for illustration only. It includes our management fees, ETF fees and an estimate of brokerage but it may not show every cost or fee. For example, it does not include the estimated buy-sell spread (a very small and ‘nearly invisible cost’ incurred by all investors when buying shares or ETFs). Please refer to the PDS.
