Model portfolio transfers
We’re making it easier for you to manage your client’s investments with enhancements to SMA transfers.
1) Introducing SMA portfolio-to-SMA portfolio transfers
This new capability allows you to seamlessly transfer one or more SMA portfolios in full to another SMA portfolio within the same account, without the need to unlink or redeem the assets.
What this means
- Reduction in manual work arounds – transfers are processed quickly and smoothly.
- No need to unlink and relink assets – you can implement investment advice more efficiently without the need to unlink assets.
Key features
- Full SMA portfolio balance transfers only. Partial transfers are not available.
- Transfers between models must occur within the same account.
- Transfer one or multiple SMA portfolios to a new or existing SMA portfolio.
- Cash, managed investment, and listed investments held on the platform can be included.
- Transfers supported even with pending income or trades.
- Ability to save the transaction as a draft.
How to initiate a transfer
- Use the ‘Buy’ button to transfer between existing SMA portfolios.
- Use the ‘Add a new SMA investment’ dropdown to initiate a transfer into a new SMA portfolio.
Note: This feature is not available for MDAs.
2) Partial asset transfers into model portfolios
You now have access to enhanced functionality on Expand, providing greater flexibility to tailor your clients’ investments that are transferred into a model portfolio.
Key features of the update include:
- Partial transfers into models - you can transfer a portion of a platform asset into an SMA or MDA while retaining the remaining balance on the platform.
- Available for both SMAs and MDAs.
- Multi-model allocation - platform assets can be split across multiple models. Note, that each model allocation must be submitted as a separate transfer.
- Dollar-based transfers - you can specify the dollar amount to be transferred into a model.
- Transactional authority – clients with transactional authority have the ability to transfer platform assets into SMA model portfolios they already hold in their account.
We’re here to help
For questions or support, contact your Business Development Manager, Relationship Training Manager or email: advisoryrelationships@insigniafinancial.com.au
