Investor Directed Portfolio Service (IDPS) are web-based platforms for accessing investment assets.
These are often referred to as master funds, master trusts or wrap services.
These products are useful for investors wanting to run a diversified portfolio of assets without the need to process a mountain of paperwork.
They also provide an instantaneous analysis of your portfolio and compile all the necessary reports for your accountant at tax time, saving you time, money and effort by just printing the relevant report.
IDPS can be used for Superannuation funds or simply to manage your savings and investments.