What are the requirements for Dollar Cost Averaging (DCA)?
The minimum amount per managed fund is $100 per month and the minimum amount for investment in the Managed Account is $1,000 per month. Each month, Netwealth will determine if there is sufficient cash 'available for investment' to action your instruction in full. If so, Netwealth will invest accordingly, if not, no investments are made for that month. DCA is not currently available for non-custodial assets.
How do I apply dollar cost averaging?
DCA is available for all Wealth Accelerator accounts, regardless of the account being Core or Plus. To create a DCA plan, once you are signed into the Netwealth platform, navigate to Transactions > Cash management > Dollar cost averaging to create investment instructions. Note that there is also an offline functionality to set up DCA through our forms & disclosure documents for Wealth Accelerator and Super Accelerator products, but the offline fee of $20 will apply.