Investment Portfolio Management Questions
How often will I receive statements for my InvestNow account?
InvestNow is an online experience so we will not send you any statements in the mail. When we prepare statements for you, for example at the end of the tax period, we shall upload these into your “My Documents” page. Once there you can view any documents by clicking the download button. If you wish…
How do I see my InvestNow transactions?
Once logged into your Managed Funds account, go to the Transactions page and use the filters and display options to access the specific transactions you are looking for. You can also create an Investor Report, for the relevant period, by going to the Documents page and following the options/instructions there.
When I sell managed funds, how do I get the money?
When you sell any managed funds the net proceeds of the sale are deposited into your InvestNow Transaction Account. Once there, you can then withdraw those funds by transferring them to your nominated account, or reinvest the monies. To raise a Withdrawal instruction, once logged in click on the Withdrawal link on the Dashboard and follow…
How is any income or distributions from funds paid to me?
When you create your account you select if you want distributions to be paid in cash or have them reinvested. If you select cash, the distribution is credited to your InvestNow Transaction Account where it is available to be invested or withdrawn. If you select reinvesting, the distribution is reinvested into the same fund that…
Do I need any specific investment knowledge?
You do not need to be an investing expert, but you certainly need to understand some core principles and have the time to do your homework – ensuring that your investing suits your risk appetite, goals, knowledge etc. We do not provide personal financial advice, but we do provide heaps of content and resources that…
Do I need to invest a minimum initial amount?
There is no minimum amount for deposits into your InvestNow Transaction Account. Minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for one-off investments
How do I sell Managed Funds?
Once logged into your Managed Funds account, go to the Buy & Sell page. Scroll down to the list of funds you hold and click the Sell button. You can choose to sell: a set dollar amount or a specific number of units for a managed fund you hold or all the units you hold in a…
How do I buy managed funds?
To buy Managed Funds you need to have cleared funds in your InvestNow Transaction Account – you deposit money in your InvestNow Transaction Account from your nominated bank account (see FAQ for more details). Note that the minimum investment amount for Managed Funds purchases is $50, when part of a Regular Investment Plan, or $250 for…
How do I pay for my Managed Funds?
InvestNow provides each customer with a Transaction account. You transfer money from your nominated bank account, into your InvestNow Transaction account and then use this money, once cleared, to pay for managed funds. You will need the details of the bank account, into which you will make the deposit, and your unique reference, so we…
What are the fees and costs?
InvestNow does not charge any account or administration fees (we do receive a distribution fee on Term Deposits, see FAQ here, and interest held in Transaction Accounts, see FAQ here). Any funds you choose to invest in have fund charges associated with them that are levied by the fund manager. The fund charges for funds…
What are my responsibilities as a customer of InvestNow?
You should read the Client Agreement carefully to ensure that you understand all of the terms and conditions of your agreement with us. You should read the disclosure material for any fund before investing. We strongly recommend that you seek independent advice before making any investment.