ANZ WEALTH
GROW WRAP WEBSITE
USER GUIDE
USE THIS DETAILED GUIDE TO LEARN HOW TO USE SOME OF GROW WRAP’S KEY
ONLINE FUNCTIONS.
Section 1: Navigation
Section 2: Portfolio transacting
Section 3: Work in progress
SECTION 1: NAVIGATION
A The Portfolio transacting screen is only two clicks away to make transacting on your clients’ accounts more efficient.
Bulk processing can also be found under Transacting.
B 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 Administration can be found on the banner including links to forms and offer documents.
C
A
B
D
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 SMAs
• switch managed investments – by placing multiple
buys and sells
HOW TO ACCESS PORTFOLIO
TRANSACTING
From the Grow Wrap AdviserView 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.
• buy term deposits
• buy/sell listed securities including ETFs, REITs and LICs.
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.
Asset type
Order type
Funding/settlement
Managed investments
(daily priced)
Buy
Buys may be funded by available cash and/or sale proceeds from daily priced
managed investments
Sell
Sale proceeds can either be used to fund a buy of daily priced managed
investments or be settled to the cash hub
Buy
Sufficient available cash to fund the buy must be held
Sell
Sale proceeds will be settled to the cash hub
Buy
Sufficient available cash to fund the buy must be held
Sell
Sale proceeds will be settled to the cash hub
Buy
Buys will be funded from available cash
Sell
Not available
Buy
Buys can be funded from available cash or from upcoming sale proceeds. Buys
will not be placed until sale proceeds are received. Contra settlement is only
available on Investment accounts via an external broker
Sell
Sale proceeds will be settled to the cash account or used to purchase pending
buys.
Managed investments
(non-daily priced)
SMA
Term deposits
Listed securities (excluding
instalment warrants)
2
OVERVIEW
The portfolio transacting screen in Adviser View is divided into 5 sections.
1 You can view and generate reports on the current portfolio value and asset allocation
2 Account details
3 Existing investments
4 External assets
5 Asset allocation
1
A
2
B
3
4
5
A Print current or proposed Portfolio details to PDF, export to Excel.
B Expand/collapse icons for detail.
3
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.
Buy or sell existing managed investments (including SMAs)
C
D
C
B
A Click on the investment within the Portfolio section of the portfolio transacting screen.
B 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 Error and warning messages.
D 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
Buy a new managed investment
E
Buy new Managed investment
Buy new listed security
Buy new term deposit
Buy new SMA
E
F
G
H
E Select New transaction then Buy new managed investment or Buy new SMA.
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 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 SMA.
Authorisation: all transactions placed can be authorised at once after selecting generate orders. Alternatively, 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.
• All 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.
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 SMAs
For SMA Models, investment limit checks will be treated like
managed funds and applied at the SMA Model level.
Transferring assets between your Investment Account
and SMA
You may be able to transfer assets between your
Investment account and a new or existing SMA offline.
Please see the Wrap SMA Transfer form, available under
Resources > Forms > Investment clients available on the
Wrap website for more information.
To utilise available cash instead of waiting for sale
proceeds to buy, separate buy and sell orders should be
generated and authorised.
5
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
SMAs which require sufficient available cash to fund the
application order. Timeframes for sale proceeds from SMAs
will depend on the amount of available cash being held in
the SMA Model.
Listed below are two examples of how full redemptions from
managed investments (excluding models) are processed.
Example 1:
One (1) full redemption being credited to two (2) buys
Fund A $100,000 Full redemption (estimate only).
Fund B$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 A $20,000 partial redemption.
Fund B $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 A partial redemption)
• $40,000 buy (funded by 80 per cent of proceeds
from Fund B 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 B 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 B 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).
6
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
A 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.
A warning message will not stop you from placing
the order.
Error message
An 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 SMA Model
that
• would bring it below the minimum investment
balance. You will be required to amend your order so
that the minimum SMA 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.
BUYING TERM DEPOSITS
Buy new Managed investment
Buy new listed security
A
Buy new term deposit
Buy new SMA
A
B
C
D
A Select New transaction then Buy new term deposit.
B Select the term deposit option from the drop down list.
TIPS
C Enter the dollar value of the order.
D Select Continue if you wish to repeat the process
Applications 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.
and buy another term deposit.
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
An 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
BUYING 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).
Buy or sell existing listed securities
A
B
A Click on the investment within the Listed securities section of the portfolio transacting screen.
B 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.
Set your expiration date – today only or until cancelled.
8
Wait for sales (domestic listed securities)
B
A
A If you want to fund the buy(s) from the sell(s), select ‘sale proceeds’ as the funding method. This will mean the buy orders will
be fulfilled once the sale proceeds have been received. Note: if the sell orders expire or become invalid, available cash will be
used. Please refer to Work in progress to monitor the orders.
B If you are placing multiple buy orders which are being funded from one or more sells, you can select the order of execution
in the ‘Trade priorities’ section of the screen. Note: buy orders will be placed for the units specified. The estimated value may
change due to price movements. For this reason you may prefer to place at limit orders.
9
TRADE RESTRICTIONS
Add a trade restriction (prevent sells) on an ASX listed security holding
A
A 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 ASX-listed security.
10
Buy new listed securities
Buy new Managed investment
A
Buy new listed security
Buy new term deposit
B
A
C
D
A Select New transaction then Buy new listed security.
B Use the dynamic search functionality to enter the ASX code or security name to select the investment you wish to buy.
C Enter the trade details (refer below for more information).
D Select Continue 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 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.
11
HOW TO GENERATE ORDERS
You can place multiple trades across asset classes (ASX listed securities, daily and non-daily priced managed funds, term deposits)
as per the below as per the below:
A
B
A If there are errors or warnings, then these will display alongside the corresponding transaction. Open each transaction for
details of the error or warning. All errors must be corrected to continue.
If there are no errors then the orders will be generated and the pending orders screen will display.
B 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
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.
A
B
C
D
A To view the orders generated in a document select Confirmation.
B To return to your clients’ accounts without authorising the orders generated, select the Back button. 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 Edit orders. This will display the
Work in progress screen.
D To authorise orders, enter your password and select Authorise. This will authorise orders and display an Order confirmation
screen.
13
SECTION 3: WORK IN PROGRESS
HOW DO I VIEW THE STATUS OF THE ORDERS CREATED?
All transactions placed via the Portfolio transacting screen can be viewed within Work in progress, accessed via the top navigation
menu on the Grow Wrap AdviserView homepage.
A
A Select ‘view orders’ to see the status of orders created via the Portfolio transacting screen
A
C
D
B
E
F
A Searching by account number or clicking the an account number from and adviser level search will will display all orders
awaiting authorisation, execution, settlement or recently settled orders for that account.
B Searching by adviser code will so all recent orders under that adviser code split up in 3 categories Orders, Awaiting settlement
and Complete.
C Orders awaiting authorisation will be displayed
D Orders awaiting execution or settlement will be displayed
E Recently completed orders will be displayed
F Option to print order details
14
A Details of account searched
B Complete fields and click update search to refine results
C Click on each investment to display or hide summary of the order
D Click on the reference number to display or hide further details of the order
E Option to print order details
15
TRANSFER FUNDS FROM CASH (INVESTMENT SERVICE 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 Grow Wrap AdviserView homepage
A select clients and accounts and search for the client you wish to transact on
B 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.
A
B
IF YOU REQUIRE FURTHER ASSISTANCE PLEASE CALL
GROW WRAP ADVISER SERVICES ON 1800 095 825 OR CONTACT
YOUR ANZ WEALTH BUSINESS DEVELOPMENT MANAGER
We’re ready to help, whenever you need us
For more support on how to maximise Grow Wrap’s features and benefits, please contact your ANZ Wealth Business Development
Manager. Alternatively, please:
Call
1800 095 825
Email
[email protected]
Visit
anz.com/wrapadviser
This information is issued by OnePath Custodians Pty Limited (ABN 12 008 508 496, RSE L0000673, AFSL 238346) (OPC). This information is current as at May 2017 but
may be subject to change. It is for the use of advisers only and may not be reproduced without the prior written permission of OPC. It has been prepared without taking
into account a potential investor’s objectives, financial situation and needs. Before making a decision based on this information, a potential investor should consider the
appropriateness of the information, having regard to his or her objectives, financial situation and needs.
Full details about Grow Wrap are set out in the relevant Grow Wrap Super and Pension Service Product Disclosure Statement (PDS) or Grow Wrap Investment Service
Investor Directed Portfolio Service Guide (Guide). For a copy of the PDS and/or Guide please email [email protected] or contact your ANZ Wealth Business
Development Manager.
OPC is a subsidiary of Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (ANZ) an authorised deposit taking institution (ADI) under the Banking Act
1959. OPC is not an ADI and an investment via Grow Wrap is neither a deposit nor liability of ANZ or any other member of the ANZ Group, other than OnePath Life Limited
ABN 33 009 657 176 for any insurance product it issues or ANZ in relation to any ANZ bank account. Neither ANZ nor any member of the ANZ Group stands behind or
guarantees OPC or the capital or performance of any securities issued to, or assets held by or on behalf of, investors. An investment is subject to investment risk, including
possibly delays in repayment and loss. 370661_A4311 053/17