*Important information

Vanguard Investments Australia Ltd (ABN 72 072 881 086 / AFS Licence 227263) (Vanguard) is the Portfolio Manager of the Vanguard Core-Satellite Model Portfolios (Portfolios). Lonsec Investment Solutions Pty Ltd (LIS) (ABN 95 608 837 583) is engaged to provide investment advisory services in relation to the Portfolios. LIS is a Corporate Authorised Representative (CAR) of Evidentia Financial Services Pty Ltd (ABN 97 664 546 525 / AFS Licence 546217.

Ironbark Asset Management (Fund Services) Limited ABN 63 116 232 154 AFSL 298626 (Ironbark) is the issuer of the Hub24 Managed Portfolio Service PDS and is the responsible entity of the HUB24 Managed Portfolio Service ARSN 645 033 941. The PDSs and TMDs for Ironbark’s products, each of which includes a description of who the financial product is likely to be appropriate for, are also available free of charge. You can access Ironbark’s PDSs, TMDs and other offer documents at hub24.com.au/product/managed-portfolios/ or by calling 1300 854 994.

Netwealth Investments Limited (ABN 85 090 569 109, AFSL 230975) (Netwealth) is the issuer of the Managed Models Booklet PDS and is the responsible entity of the Netwealth Managed Account Service (ARSN 633 923 887). The PDSs and TMDs for Netwealth’s products, each of which includes a description of who the financial product is likely to be appropriate for, are also available free of charge. You can access Netwealth’s PDSs, TMDs and other offer documents at https://www.netwealth.com.au/nw/ManagedAccount/ManagedAccountForms or by calling 1800 888 223.

Westpac Financial Services Limited ABN 20 000 241 127 Australian Financial Services Licence (AFSL) Number 233716 (Westpac) is the issuer of the BT Managed Portfolios Part 2 - Investment Options Booklet and is the responsible entity of the BT Managed Portfolios ARSN 604 066 686. The PDSs and TMDs for Westpac’s products, each of which includes a description of who the financial product is likely to be appropriate for, are also available free of charge. You can access Westpac’s PDSs, TMDs and other offer documents at panoramainvestor.com.au,bt.com.au/tmd, by emailing support@panorama.com.au or by calling Westpac on 1300 881 716.

This material has been prepared for general information purposes only and does not constitute financial product advice. Neither Vanguard, LIS, Ironbark, Netwealth or Westpac have taken any investor’s objectives, financial situation or needs into account when preparing this information so it may not be applicable to the particular situation you are considering. You should consider your clients’ objectives, financial situation or needs, and the relevant Product Disclosure Statement (“PDS”), Target Market Determinations (“TMD”) and any other relevant disclosure documents for the Portfolios, before making any investment decision. Vanguard is the issuer of certain financial products within the Portfolios. The PDSs and TMDs for Vanguard’s financial products, each of which includes a description of who the financial product is likely to be appropriate for, are also available free of charge. You can access Vanguard’s PDSs, TMDs and other offer documents at vanguard.com.au (other than any superseded TMD) or by calling 1300 655 205.

Any past performance information is given for illustrative purposes only and should not be relied upon as, and is not, an indication of future performance. Vanguard and LIS accept no liability in any circumstances for any errors or omissions made in this information by any person.

Actual performance could differ materially from those referred to in the above statements. In particular, distributions and capital growth are not guaranteed. All investing is subject to investment and other known and unknown risks, some of which are beyond control, including possible delays in repayment and loss of income and principal invested

This material is directed to wholesale clients as defined in the Corporations Act 2001 (Cth), and should not be distributed to, or relied upon by investors who are not wholesale clients.

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Introducing Vanguard’s new core-satellite model portfolio series