Saturn

Experience & professional

We’ve worked directly with Australian investors for over 40 years (combined years of experience of the investment committee and senior investment team).

Since 2017, Rask has stood by Australians through market sell-offs, hype cycles, geopolitical events and many moments of risk. Through our robust, genuine and sensible approach, we believe you can create and protect wealth through all market cycles. We help you avoid bias, and mistakes of overconfidence and complication.

We use careful and deliberate risk management techniques, offer primarily passive exchange traded funds with the embedded optionality of using active funds, systematic strategies, factor exposure, or even direct shares, REITs and LICs. Bottom line, choose us if you want a fully transparent and balanced investment process, that also supports communities across Australia.

We care more

Studies show that, on average, investors underperform the funds they are invested in. How does that even happen? Behavioural biases are a big reason people over-invest at the top of market, and sell at the bottom. We find it’s very common for stock and property market investors to add to their investment at highs and withdraw during the negative times, leading to bad outcomes for them and their family.

Through our open and regular communication, the 24/7 Rask community and live monthly investor Q&A sessions, we’re proving to the investment management industry and all of our community that a professional investor should stand by their community and support them, no matter what markets throw at you. Our goal is to help our investors hold through the tough times and keep a sense of rationality in the good.

Conviction to hold on is a competitive edge we should all sharpen. Additionally, we are very aware of tax implications when investing. Tax consequences are not published in fund manager or index fund performance numbers but they have a real impact on you and your family’s wealth. We care about what ends up in your pocket and have designed our approach accordingly. How could we not? We do the full year tax reports for you.

Fees support financial education

The Rask Group started in Upwey, a small town in the outer eastern suburbs of Victoria in 2017.

Our aim was simple: help educate Australians learn about investing and finance. Rask Invest was a natural evolution from the articles, podcasts, Youtube shows, educational courses and advice we already delivered.

Rask Invest also allows us to continue with that education and for our investors to see their investment as a way they can support us to reach 100,000 Australians in free financial education programs before this decade is out.

The types of investors who can open an account with Rask include, but are not limited to:

• Individuals

• Couples (joint accounts)

• Self-Managed Superannuation Funds (Corporate & Individual Trustees)

• Companies (e.g. bucket 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 residential property) is how seamless it is to exit positions. Saying that, the Rask Invest portfolios are designed for long-term investors.

These are the suggested timeframes for our most popular portfolios:

• Jupiter & Saturn = 10+ years
• Martian = 7+ years
• Terra = 5+ years

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.

• 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. 

• You get full transparency over them at all times. Unlike a regular managed fund, inside your portal 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 starting at 0.32%. This is the only fee that Rask receives, and it’s shared with our ASX-listed 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 his HIN-based ownership, full tax reporting via Class, automation features, access to 15+ online courses for him and his 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.

• Professional, safe and transparent long-term investing done for you
• Support a company that supports Australians through free education
• Rask Management fee starting at 0.32% per year
• ETF management fees are kept low
• Brokerage fees are kept at institutional levels
• 7 strategies to choose from: all growth down to conservative and long-term kids investing
• Low-cost ETF portfolios managed for you
• Best of breed: active AND passive in one portfolio
• Automated rebalancing
• Tax optimisation
• Automated dollar-cost averaging (DCA)
• Automated passive income withdrawal
• Individuals, SMSFs, trusts & companies
• ASX and global stock research reports included
• Full tax reporting for EOFY
• Full transparency on holdings
• Your family gets unlimited access to all Rask courses
• Rask events included
• Monthly webinars & Q&A
• Rask Invest-only podcasts
• And more!