Netwealth products have a minimum cash account requirement of 1% of your balance, subject to minimum of $500 and maximum of $5,000 plus any income payments and insurance premiums (if applicable). If your account goes more than $100 below the minimum cash amount, Netwealth may redeem some of your investments to increase the total of the cash account. This process is called Auto Sell Down and is run on the 24th of each month. Auto sell down will not be triggered if there is already a pending redemption in place.
Auto sell down will occur on the 24th each month unless it is a Friday or weekend. In that case it will run the following Monday which will be the 27th or the next business day.Navigate to the cash management tool
Select an account and then navigate to Transactions > Cash management > Cash Settings.
Select your sell trigger (optional)
If you set a Cash Target, you can also set a custom sell trigger (which must be between the Netwealth minimum cash amount and the Cash Target) whereby assets will be automatically redeemed to top the cash account up to the Cash Target amount.
If you do not set a cash target, your trigger will be the Netwealth minimum cash requirement.
Select your auto sell down profile:
| Auto-sell option | Explanation |
| Default | The default profile will sell units from liquid managed fund investments first, with the largest to smallest amount invested. If the minimum cash requirement is still not met, the default profile will then sell down holdings from ASX listed securities, followed by investments in Managed Accounts, and finally holdings in international securities until the minimum cash requirement is met. |
| Rank in order | You can rank the assets in preferred order of auto-sale, except for international securities or individual assets with a managed account model. |
| pro-rata | Auto-sell units from all assets proportionately. This is only available for liquid managed funds, if no funds are available this will revert back to Default. |
ASX and International Brokage costs apply to Auto Sell Down transactions
Non Income Stream Accounts do not have Auto Sell Down active for the first 90 days
Advanced tip: Users can check their 'my tasks' dashboard at any time to view a list of accounts that are below their sell trigger/minimum cash requirement at any time.