This article applies to Adviser Representatives (AR) only. If you are a client and wish to take any actions in this article, please contact your adviser or Netwealth.
To use an external broker on a Netwealth account, please complete the following steps:
- Broker sets up an account with you (if trading multiple clients at once), or with client (if trading for an individual client). Existing account may already be in place.
- Broker places trade/s on behalf of client/s.
- You (adviser)/Broker to send Excel spreadsheet to Netwealth (tradesettlements@netwealth.com.au) containing client/s & trade details, as well as the contract notes between yourself and the broker/adviser.
- Netwealth settles trades with CHESS and with clients' accounts'.
- Note that a $20 settlement fee per trade will apply to each trade settled in a clients account
Please note:
- Separate trades need to be placed for Super Accelerator and Wealth Accelerator accounts. Netwealth has two HINs - one for each Super and investment. Use Netwealth PID 20367 when placing trade.
- Send contract note to Netwealth (tradesettlements@netwealth.com.au) as soon as practicable so Netwealth can settle the trade.
If you are interested in external trading, please contact your TRM/BDM for more information.