The Managed Account planner transfer tool allows you to transfer assets into or out of managed accounts by selecting transfer type, models or assets, and the destination model. You can evaluate the transfer plan via an Excel analysis before submitting, which creates a pending trade.
Managed Account transfer tool
To locate the managed accounts planner & transfer tool, log in to your Netwealth account, use the search bar to locate a client. Click on the client and navigate to Transactions > Managed Accounts > Planner & Transfer In. Follow the below instructions:
- Transfer type: Select whether you want to transfer into managed account(s) or out of managed account(s).
- Select model(s) or asset(s): When transferring into managed accounts, you will be able to select different models and asset types that you want transferred from the clients holdings. You can see if the asset type is transferrable, the model code (if applicable), value, available units, and transfer amount ($ or %).
- Model(s) to transfer to: Here you select the model you want the assets added to. You may select the transfer amount on models the client has existing holdings in from the drop down, or you may use the search bar to add a new model.
- Run analysis: Once you have inputted the details, you may click the "Evaluate Plan" button on the bottom-right side of the page. This will download an excel sheet with the specific details of the trades required to match model, assets already in MA and the estimated final position once trades are complete
- Submit: Once you have completed the changes and have checked for accuracy, click the blue "Submit" button on the bottom right of the page. This will create a pending trade, read below for more information.
Important note: The Planner transfer out tool can be used to unwrap managed accounts whereas the Planner transfer in tool is used to transfer assets into a managed account.