Step 1: Navigate to Place an Order
Log in to the Netwealth portal. Navigate from the main menu to Transactions > Buy & Sell > Place an Order.
If you are an adviser, select a client first.
Step 2: Determine how your purchases will be paid for
From the 'Invest using' drop down, select one of the following options:
Option |
Description |
| Available cash (default) | Use available cash to pay for asset purchases. |
| A specific amount | Select a maximum amount of available cash to pay for asset purchases. This amount can be greater than the available cash amount, however the trade will not happen until there is enough cash in the account. |
| Proceeds of sale | Use the proceeds from any proposed asset sales to pay for asset purchases. |
| Available cash and proceeds of sale | Use available cash plus the proceeds from any proposed asset sales to pay for asset purchases. |
| Pro-rata | Set a fixed total sales amount and the selected assets will sell down at the percentage they are held. |
Step 3: Sell the entire holding or sell a specific parcel
- To sell all holdings in the portfolio, click on 'Sell All' next to the add investment field
- To sell all parcels within a specific asset, click the 'Sell' button, and in the 'Amount' field, choose to sell a specific dollar amount or a percentage of asset value.
- To sell one or more parcels within a specific asset:
- Click on the 'cross' icon the left of the asset name to view all individual parcels.
- Click the 'Sell' button at the asset level to deselect it.
- Click the 'Sell' button for the individual parcel you want to sell, and in the 'Amount' field, choose to sell a specific dollar amount of the asset value.
Step 4: Purchase an asset or model
Buy single assets
- Click in the 'Add Investment' field and the name or code of the asset you want to purchase. Then select it and it will appear in the list below.
- Click the 'Buy' button. The estimated price will change to reflect your choice.
- In the 'Amount' field, choose to invest a specific dollar amount or a percentage of (the available to invest) amount.
- Repeat if further assets are to be purchased.
You can delete added assets by clicking on the trash can.
Buy assets in a model portfolio
- Click in the 'Add Investment' field and search for the name of the model you wish to add. Select it and it will appear in the list below.
- Click on the 'cross' icon to the left of the model portfolio name to expand the individual assets and their model allocation.
- To buy all the assets in the model portfolio according to the stated asset allocation percentage, click on the 'Buy' button to the right of the model portfolio name. And in the 'Amount' field, choose to invest a specific dollar amount or a percentage of (the available to invest) amount.
- To buy a specific asset within the model portfolio, click the 'edit' button to the right of the model name and then refer to Step 2.
Step 5: Submit the buy and sell instructions
You have two options for submission:
A: Submit the transaction electronically
- Click 'Submit'. You will be navigated through to the Order Summary page.
- Review the transaction details.
- Download any applicable disclosure documents.
- Click confirm to place your order.
B: (Adviser only) Print an authority to proceed to give and get signed by your client
- Click 'Save'. Your transaction will be saved and stored under My Business > Open Activities.
- Click 'Print'. A confirmation of investment instruction will be generated.
- Send the confirmation of investment instruction to your client for sign-off.
- Once signed, navigate to My Business > Open Activities and submit the outstanding transaction.
When you purchase a Managed Model, the amount will remain allocated to Managed Account cash until the next rebalance occurs. Rebalances occur at least weekly and generally occur every business day. Managed fund purchase and/or sale requests received by Netwealth prior to 12 midday (AEST or AEDT) on each business day will generally be lodged with fund managers by 2pm on that day.