Clients can close their Netwealth Private account at any time by requesting a full withdrawal of funds or instructing Netwealth to transfer their assets to another account or nominated party. You can use the withdrawal form.
What happens if I lose my wholesale status?
In the event you lose your wholesale investor status, Netwealth must consider you as a retail client and may take the following steps:
- Discontinue providing services to the investor;
- Restrict or limit access to investments;
- Restrict or limit transaction access;
- Cease accepting deposits in to Netwealth Private
Netwealth will contact the investor and request instructions regarding the transfer of investments to another suitable
Clients and advisers are notified in advance if action is required to avoid exiting Netwealth Private.
How do I update my wholesale investor status before it lapses?
You can upload evidence of your wholesale status via the document upload facility here.
Risks and considerations:
Loss of wholesale status may result in reduced access to investments or services and may require restructuring of holdings.
Important Information
This information is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether it is appropriate for you and refer to relevant disclosure documents before making any decisions.
Netwealth Private is available only to investors who qualify as wholesale clients under the Corporations Act. Investments carry risk and values can rise and fall.