Wrap website user guide

Transcription

1 Use this detailed guide to learn how to use some of Wrap's key online functions. Section 1: Navigation 01 Section 2: Portfolio transacting 02 Section 3: Work in progress 14 Section 1: Navigation The Portfolio transacting screen is only two clicks away to make transacting on your clients accounts more efficient. ulk processing can also be found under Transacting. Excel Reporting is available for the most popular reports. C Work in Progress has been updated to make transacting more efficient refer to the Work in Progress section below. D dministration can be found on the banner including links to forms and offer documents. C D Portfolio transacting Other assets Corporate actions Model portfolios ulk wholesale managed investments

2 Section 2: Portfolio transacting What is portfolio transacting? The portfolio transacting screen provides you with a single screen to administer your clients' portfolios, and make trades as authorised by your clients. With portfolio transacting you can: buy/sell managed investments including non-daily priced funds and SMs switch managed investments by placing multiple buys and sells buy term deposits buy/sell listed securities including ETFs, REITs and LICs. How to access portfolio transacting From the Wrap homepage: select clients and accounts and search for the client you wish to transact on once you have selected the client, use the drop down menu to the right of the relevant account and select transacting. From Macquarie ccess: select clients and accounts and search for the client you wish to transact on once you select the client, click on the account you wish to transact on the Wrap website will open in a pop up window you will not need to sign in again use the drop down menu to the right of the relevant account and select transacting. Summary You are able to place a number of different transactions and a combination of transactions via a single authorisation step. Listed in the table below are the transactions which can be placed via the portfolio transacting screen. Some transactions require sufficient available cash prior to the order being placed. sset type Order type Funding/settlement Managed investments (daily priced) uy Sell uys may be funded by available cash and/or sale proceeds from daily priced managed investments Sale proceeds can either be used to fund a buy of daily priced managed investments or be settled to the cash hub SMs uy Sufficient available cash to fund the buy must be held Managed investments (non-daily priced) Sell uy Sell Sale proceeds will be settled to the cash hub Sufficient available cash to fund the buy must be held Sale proceeds will be settled to the cash hub Term deposits uy uys will be funded from available cash Listed securities (excluding instalment warrants) Sell uy Sell Not available uys will be funded from available cash. Contra settlement is only available on Investment accounts via an external broker Sale proceeds will be settled to the cash hub 2

3 Overview The portfolio transacting screen is divided into 5 sections. 1 You can view and generate reports on the current portfolio value and asset allocation 2 ccount details 3 Existing investments 4 elow the line investments 5 sset allocation Print current or proposed Portfolio details to PDF, export to Excel. Expand/collapse icons for detail. 3

4 How to buy and sell This section outlines the process to buy and sell both existing and new investments, and includes some important tips to watch out for when trading. uy or sell existing managed investments (including SMs) uy new Managed investment uy new SM uy new listed security D uy new International listed security uy new term deposit E D C Click on the investment within the Portfolio section of the portfolio transacting screen. For buys, select buy and enter the dollar amount of the order. For sells, select sell and either select full redemption or enter the dollar amount of the transaction. C pply adviser transaction fee (for buys only). The default election will apply this fee for each buy only if the fee has been previously established with the client. The proposed portfolio values will update accordingly. D Error and warning messages. E Page options Check compliance will perform security level validations and notify you of any errors. Reset page will delete any transactions you may have entered. 4

5 uy a new managed investment or SM E uy new Managed investment uy new SM uy new listed security uy new International listed security uy new term deposit F E G H E Select New transaction then uy new managed investment or uy new SM. F Use the dynamic search functionality to enter the fund name or part of the fund name and select the investment you wish to buy. G Enter the dollar value of the order. H pply adviser transaction fee (for buys only). The default election will apply this fee for each buy only if the fee has been previously established with the client. When continue is selected, the managed investment will be added under Portfolio (in alphabetical order). Repeat the process if you wish to buy another managed investment or SM. uthorisation: all transactions placed can be authorised at once after selecting generate orders. lternatively, if you do not authorise after selecting generate orders, you can authorise pending orders via Work in Progress at a later date. Refer to How to generate orders and How to authorise orders sections of this document for more details. Tips Non daily priced funds The account must have sufficient available cash to fund all buys of non-daily priced funds. ll sales of non-daily priced funds will be credited to the cash hub and the proceeds cannot be used until they are received and cleared in the cash hub. Partial sales Where you are placing a partial sale which is greater than 94 per cent of the current value of that holding you will be required to either increase the sale to a full redemption or reduce the sale to less than 94 per cent of the current value. Sell orders funding buy orders Don t forget you can place a buy for a managed investment using the proceeds of a sale of another managed investment (daily priced funds only). The system will automatically create a switch order in which the buy will go to market once the proceeds of the sale are received. To utilise available cash instead of waiting for sale proceeds to buy, separate buy and sell orders should be generated and authorised. Multiple orders Placing multiple orders which include one or more full redemptions can result in multiple transactions in online reports. Refer to Example 2 for the transactions which will be generated when placing one or more full redemptions. Trustee Limits on SMs For SM Models, investment limit checks will be treated like managed funds and applied at the SM Model level. Transferring assets between your Investment ccount and SM You may be able to transfer assets between your Investment account and a new or existing SM offline. Please see the Wrap SM Transfer form, available under Resources > Forms > Investment clients available on the Macquarie Wrap website for more information. 5

6 What orders are created when I fully redeem a managed investment? When a full redemption and associated buys are placed for a daily priced managed investment, the system will convert the buy dollar amounts to a percentage of the sale order. Once the sale proceeds are received, reciprocal buy orders are created and sent to market. This does not apply to SMs which require sufficient available cash to fund the application order. Time-frames for sale proceeds from SMs will depend on the amount of available cash being held in the SM Model. Listed below are two examples of how full redemptions from managed investments (excluding SMs) are processed. Example 1: One (1) full redemption being credited to two (2) buys Fund $100,000 Full redemption (estimate only). Fund $60,000 buy (60 per cent of sale proceeds will be applied to this fund). Fund C $40,000 buy (40 per cent of sale proceeds will be applied to this fund). The buy orders will be created and sent to market once the sale proceeds have been completed. Orders created: 3 (one sell and 2 buys). Transaction fees: 3 (one sell and 2 buys). Example 2: One (1) partial redemption and two (2) full redemptions being credited to two (2) buys Fund $20,000 partial redemption. Fund $50,000 full redemption (estimate only). Fund C $30,000 full redemption (estimate only). Fund D $60,000 buy. This will be split as follows: $20,000 buy (funded by $20,000 proceeds from Fund partial redemption) $40,000 buy (funded by 80 per cent of proceeds from Fund full redemption). Fund E $40,000 buy. This will be split as follows: $10,000 buy (funded by 20 per cent of proceeds from Fund full redemption) $30,000 buy (funded by 100 per cent of proceeds from Fund C full redemption). Once the proceeds from the sale of Fund have been received, two buy orders will be generated based on the percentage of the original estimate value (80 per cent for Fund D, and 20 per cent for Fund E). Once the proceeds from the sale of Fund C have been received, one buy order will be generated based on the percentage of the original estimate value (100 per cent for Fund E). Orders created: 7 (3 sells and 4 buys). Transaction fees: 5 (3 sells and 2 buys). Reporting and fees To get into the market across all buys as soon as possible, buy orders are generated as soon as the sale proceeds are received. This may result in multiple entries in the Investment transactions and Cash transactions reports. Fees will only be charged for sales and the corresponding total of buys per fund. While they appear as separate transactions on reports, fees are not applied to each proportion of a buy order. Error and warning messages Warning message warning message may appear for an existing investment if: the fund is closed for applications or there is an unsettled order for that investment. Expand the investment line for details of the warning. warning message will not stop you from placing the order. Error message n error message may appear for an existing investment if: the order is exceeding investment limits or a full redemption is required if you are trying to sell > 94 per cent of a managed investment a full redemption is required if the transaction will leave a value of less than $100 in the holding the investment is closed or frozen you are trying to redeem cash from an SM Model that would bring it below the minimum investment balance. You will be required to amend your order so that the minimum SM Model investment balance is retained, or a full redemption order is placed. Expand the investment line for details of the error. The error must be corrected before you can proceed. 6

7 uying term deposits uy new Managed investment uy new SM uy new listed security uy new International listed security uy new term deposit C D Select New transaction then uy new term deposit. Select the term deposit option from the drop down list. C Enter the dollar value of the order. D pply adviser transaction fee (if previously established with client) the default election will apply this fee for each buy only if the fee has been previously established with the client. Repeat the process if you wish to buy another term deposit. Tips pplications close each business day at midnight with the investment being made the following business day. Funds will be debited from the clients cash account the day after closing. Please ensure your client has adequate cash in their account. In ordinary circumstances clients will receive the published rate on the day the order is authorised. Please note that the rate is considered indicative until confirmed by the term deposit provider. Error and warning messages Error message n error message may appear for an existing investment if: the order is exceeding investment limits. Expand the investment line for details of the error. The error must be corrected before you can proceed. 7

8 uying and selling listed securities Note: sufficient available cash is required to fund buys of listed securities and all trades will be executed via Macquarie Equities Limited (MEL). uy or sell existing listed securities C Click on the investment within the Listed securities section of the portfolio transacting screen. For buys, select buy and enter the details of the trade or for sells, select sell and enter the details of the trade. Choose whether to execute at limit or market (refer to tips if placing orders at market). Set your expiration date today only or until cancelled. C pply adviser transaction fee (for buys only). The default election will apply this fee for each buy only if the fee has been previously established with the client. 8

9 Trade restrictions dd a trade restriction (prevent sells) on an SX listed security holding To enter a Trade Restriction select this from the Options menu on the Portfolio Transacting screen. Trade restrictions prevent sell trades and sell-type elective corporate actions being made on the account's entire holding of an SX-listed 9

10 uy new listed securities uy new Managed investment uy new SM uy new listed security uy new International listed security uy new term deposit C D Select New transaction then uy new listed security. Use the dynamic search functionality to enter the SX code or security name to select the investment you wish to buy. C Enter the trade details (refer below for more information). D pply adviser transaction fee (for buys only). The default election will apply this fee for each buy only if the fee has been previously established with the client. Repeat the process if you wish to buy another listed security. Trade details Trade value: enter the estimated dollar value of the trade or quantity: enter the number of units and the trade value will be populated based on the last trade price. Execute at: market (refer to Tips below for important information) or limit: if a limit price is entered, the trade value will be recalculated based on the quantity. Expiration: until cancelled will be purged after 28 calendar days today only will be purged at close of business if not executed. 10

11 Place a trade for an international listed security 1 Tips Partially completed orders If an at market order is only partially filled, the remainder of the order will be amended to a limit order, with the limit being the market price at which the partial execution was completed. If you intend for your order to be fully executed, you must monitor the order to ensure the market price does not move outside of the limit or amend your initial at market order. If further assistance is needed, please contact dviser Services. Error and warning messages Warning message warning message may appear for an existing investment if: there is a corporate action there is an unsettled order for that investment. Expand the investment line for details of the warning. warning message will not stop you from placing the order. Error message n error message may appear for an existing investment if: the order is exceeding investment limits or you try to sell an unsettled holding. Expand the investment line for details of the error. The error must be corrected before you can proceed. 1 ccount must be registered to be able to trade an international listed security. International listed security must be approved and held on the Platform. 11

12 How to generate orders You can place multiple trades across asset classes (SX listed securities, daily and non-daily priced managed funds, term deposits) as per the below: If there are errors or warnings, then these will display alongside the corresponding transaction. Open each transaction for details of the error or warning. ll errors must be corrected to continue. If there are no errors then the orders will be generated and the pending orders screen will display. Once all transactions have been entered, click on the Generate orders button on the Portfolio transacting screen to move to the next step in the process. 12

13 How to authorise orders Once orders have been successfully generated, a Pending orders screen will display. This screen provides a summary of all transactions entered on the portfolio transacting screen. C D To view the orders generated in a document select Confirmation. To return to your clients' accounts without authorising the orders generated, select ack to client accounts. This will return you to the client details and accounts screen. C To view or make changes to pending orders without authorising the orders generated, select mend orders. This will display the Work in progress screen. D To authorise orders, enter your password and select uthorise. This will authorise orders and display an Order confirmation screen. 13

14 Section 3: Work in progress How do I view the status of the orders created? ll transactions placed via the Portfolio transacting screen can be viewed within Work in progress, accessed via the top navigation menu on the Wrap homepage. Select view orders to see the status of orders created via the Portfolio transacting screen C You can enter the account number or use filters to search for orders relating to an account. You can Export your search results. C Select your order/s from the list by selecting the hyperlink under ID. Once you have selected an order, users with Full Transact access have the ability to cancel, edit and authorise multiple orders simultaneously provided they were created in the same Transacting session. 14

15 Transfer funds from cash (Investment accounts only) If the client has a nominated bank account linked to their cash hub, you are able to transfer cash to the nominated account to a maximum of $5,000 per day. From the Wrap homepage select clients and accounts and search for the client you wish to transact on once you have selected the client, use the drop down menu to the right of the relevant account and select transfer funds from cash account. From Macquarie access select clients and accounts and search for the client you wish to transact on once you select the client, click on the account you wish to transact on the Wrap website will open in a pop up window you will not need to sign in again. use the drop down menu to the right of the relevant account and select transfer funds from cash account. You then transfer cash in the usual way. If you require further assistance please contact dviser Services on or speak to your Training and Relationship Manager. MW187 08/14 15