This article covers instructions for the purchase or sale of domestic assets. For international assets please refer to How do I place limit orders online?
What this article covers:
- Navigation
- Determine how your purchases will be paid for
- Purchase an asset or model
- Sell an asset or model
- Submit the buy and sell instructions
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. |
Any requests to buy investments where additional cash is required to complete the transaction will be held until you have sufficient available cash. Additional cash may become available when your sell requests are completed, by you selling additional investment or by further deposits or contributions being made into the account.
Step 3: Purchase an asset or model
ASX Listed Companies
ASX purchases can only be placed where there is sufficient cash to cover the purchase amount, therefore should the purchase be using funds from sales, you will need to process the purchase as a separate order once the cash is available.
- 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.
- If asset is already held, click the ‘Buy’ button next to the asset.
- In the 'Amount' field, choose to invest a specific dollar amount, a percentage of (the available to invest) amount or number of units.
- By default, orders will be listed to ‘At Market’ and ‘Close’.
- This can be change to a ‘Price Limit’ order with an expiry a maximum of 60 days from the current date.
- For Buy order, this will be the maximum amount to be paid per unit, and units will only be purchased at or below this amount.
- Repeat if further assets are to be purchased.
Shares currently trading under $0.20 (20 cents) must be entered via price limit and cannot be processed as a “At Market” order.
Where a partially filled trade has expired, any buys will have the partially filled units applied to your portfolio.
ASX Listed ETFs
ETF purchases can only be placed where there is sufficient cash to cover the purchase amount, therefore should the purchase be using funds from sales, you will need to process the purchase as a separate order once the cash is available.
- 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.
- If asset is already held, click the ‘Buy’ button next to the asset.
- In the 'Amount' field, choose to invest a specific dollar amount, a percentage of (the available to invest) amount or number of units.
- By default, orders will be listed to ‘At Market’ and ‘Close’.
- This can be change to a ‘Price Limit’ order however ETF orders must expire at market close.
- For Buy order, this will be the maximum amount to be paid per unit, and units will only be purchased at or below this amount.
- Repeat if further assets are to be purchased.
Where a partially filled trade has expired, any buys will have the partially filled units applied to your portfolio.
CBOE Listed Companies
- 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.
- If asset is already held, click the ‘Buy’ button next to the asset.
- In the 'Amount' field, choose to invest a specific dollar amount, a percentage of (the available to invest) amount or number of units.
- By default, orders will be listed to ‘At Market’ and ‘Close’ however this must be changed to a Price Limit order, and can only be placed during market hours of 10:00AM – 4:00PM AEST/AESDT.
- Repeat if further assets are to be purchased.
CBOE orders not placed with a price limit, or during market hours will fail and you will receive a notification to replace the order.
Managed Funds
- 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.
- If asset is already held, click the ‘Buy’ button next to the asset.
- 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.
If a purchase is unable to be funded at the time due to insufficient cash, this can remain in pending until funds are available from sales, or deposits into the account.
Managed Accounts
- 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.
- If asset is already held, click the ‘Buy’ button next to the asset.
- 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.
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 12:00pm (AEST or AEDT) on each business day will generally be lodged with fund managers by 2pm on that day.
Term Deposits
Term Deposits are only available between Tuesday 12:00pm and Friday 12:00pm (AEDT/ADEST) each week
You can find current rates here.
- 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.
- 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.
Should there be insufficient cash to cover the purchase at the time of the order, it will remain in pending until Friday 12PM, at which point the order will be cancelled.
Step 4: Sell an asset or model
- 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 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.
How can I troubleshoot?
If you are having issues with the buy and sell screen, please attempt the following:
- Refresh the screen,
- Try a different web browser,
- Clear the cookies/cache of your current web browser, and
- Try an incognito window in your current web browser.
If issues persist, please do not hesitate to contact Netwealth.