Trading in listed securities

Transcription

1 ADVISER USE ONLY Trading in listed securities Adviser user guide Contents Introduction 2 Setting up trading access 2 Accessing the online trading site 3 The trading home page 3 Client search 4 Available cash balance 6 Financial transactions 7 Placing an order 8 Price information 11 Managing orders 12 Confirmations 13 Cancelling orders 14 Making corporate action elections 17 How to log out 21 Trading through offline panel brokers 21 Can t access the system? 23 Who to contact 23 1

2 Introduction This user guide is designed to show you how to use this service and trade on behalf of your clients. The guide covers shares account establishment, trading and corporate action information. For more information on the share offering and its features, please refer to the relevant Product Disclosure Statement, Information and Financial Services Guide or contact Client Services. Setting up trading access MoneyOne adviser and share trading access Form updated 19 July 2010 Purpose of this Declaration The purpose of this declaration is to provide you with access to the online administration and share trading system provided by Oasis Asset Management Limited (Oasis) in relation to specific superannuation products and Investor Directed Portfolio Services (together Financial Products ) issued by Oasis Fund Management Limited (Trustee/Operator). This declaration also provides representations, warranties and indemnities from you to Oasis in relation to your conduct in using this online administration and share trading system, which should be read in line with the terms and conditions of access to the Website (Terms and Conditions), which can be accessed via or by contacting Client Services at contactus@oasisasset.com.au Further details on Oasis and the online administration and share trading system can be found in the relevant Financial Product s disclosure document. Please complete this form in BLOCK CAPITALS using dark ink. STEP 1. Primary adviser access request Include details of your adviser code and login code. Adviser name: Adviser code: Please tick one: New access request OR Update access Login code: Share trading # *: share trading access no trading access (view only) share # If you have multiple adviser codes linked to the one login code, share trading will apply to all adviser codes. STEP 2. Linked user access request Include details of any office staff or advisers to be linked to the adviser code at Step 1 and provided with MoneyOne access. Applicant 1 name: User type: office staff adviser (please provide login code) Share trading*: share trading access no share trading access (view only) (office staff only) Login code: Applicant 2 name: User type: office staff adviser (please provide login code) Share trading*: share trading access no share trading access (view only) (office staff only) Login code: Office use only adviser code: A Complete this form to establish or amend your access to the online administration system provided by Oasis Asset Management Limited and establish your access to share trading on behalf of your clients. Step 1 Ensure that you have MoneyOne Online access. If you do not, please contact Client Services who will arrange this. Step 2 Complete the MoneyOne adviser and share trading access form. This form not only allows you to establish share trading for yourself and/or office staff, but also to nominate your office staff to have trading or view only access to your clients accounts. If you have multiple adviser accounts with one log in code, share trading will be available on all adviser codes. If you have a corporate account you will need to provide the adviser name who will be using the corporate account log in code. All other advisers and office staff should have their details provided in Step 2 Linked user access request. Gaining access to share trading will take approximately three working days once we have received this form. * If you are requesting share trading access to multiple adviser codes please note that share trading or view only access must be identical across all codes. If conflicting information is received you will be granted view only access to all adviser codes. This step continues on the next page 1 Imagine Wealth Superannuation & Investment Share trading facility and adviser authority Form updated 17 June 2011 Questions? Call Client Services on Oasis Fund Management Ltd (Trustee/Operator) ABN: AFSL: RSE Licence: L Oasis Superannuation Master Trust (Trust) ABN: RSE Registration: R Oasis Investor Directed Portfolio Service (IDPS) Complete this form to establish a HIN and share trading facility for your account and authorise your adviser to transact in listed securities and managed investments on your behalf. Step 3 Complete the Share trading facility and adviser authority form for any existing clients for whom you wish to perform share trading. For new clients, complete the Listed securities nomination and dividend election section of the individual Application form. Please complete this form in BLOCK CAPITALS using dark ink. STEP 1. Investor s details Account number: (if known) Account type: Superannuation OR Pension OR Investment Service Account name: Residential address: (mandatory) State: Postcode: STEP 2. Dividend election When completing this step, note that the option you nominate (tick one box only) will apply to all your dividend paying listed securities. Cash Account All dividends from listed securities will be deposited in your Cash Account (default)* OR Dividend Reinvestment Plan All dividends from listed securities (where applicable), will be reinvested in the relevant listed security ** * If you have not provided any instructions or provided conflicting instructions, the Trustee/Operator will apply the default and deposit all dividends in your Cash Account. ** Dividends will be reinvested for those listed securities where a dividend reinvestment plan is available. Where this is not the case, dividends will be deposited in your Cash Account. STEP 3. Investor declaration and authorisation I acknowledge that I have received and read: (for members of the Trust) Part 1 of the current Product Disclosure Statement, or (for investors in the Investment Service) the Information and Financial Services Guide, which discloses the fees and features associated with the shares service and trading online. Where I have an adviser, I authorise my adviser to transact on my behalf in relation to the Trust or Investment Service product, including transacting in listed securities and managed investments. I acknowledge that where my adviser provides instructions to the Trustee/Operator, the Trustee/Operator will act on those instructions without consulting me. Signatory 1: Date: / / Signatory 2: (where applicable) Date: / / STEP 4. Postage, fax and details Please post this form to: Imagine Wealth, Locked Bag 1000, Wollongong DC NSW 2500 or fax: (02) or contactus@imaginewealthsolutions.com.au 1 2

3 Accessing the online trading site Login to MoneyOne Online using your adviser login code and password. If you have been set up for share trading, you will be presented with a Share Trading link in the menu options on the left-hand side of the screen. Once you click this link, you will automatically be directed to the trading portal. No separate login code or password is required. The trading home page From the trading home page (below), you can choose from a range of different tasks, such as selecting clients for trading, participating in certain corporate actions, obtaining market commentaries and reviewing a selection of stock and market-related information. 3

4 Client search The Find Client option under My Clients enables you to search for a client either by: account number account name, or selecting their name from the client list. Only those clients who have an individual HIN established against their account will appear on this screen. Advisers have the option of scrolling through the lists available or alternatively clicking on All. To establish a HIN against an existing member account that is not already invested in listed securities, you will be required to complete a Share Trading and Adviser Authority form. New members can establish a HIN by completing Step 4 of the Application form. Tip alternative client search You can also select a particular client by entering their member number in the search field at the top right hand side of the screen. 4

5 After selecting a client you will be directed to the Holdings screen. This screen displays a client s current holdings including outstanding trades (refer BDR example below). Portfolio screen A clients holdings can also be viewed via the Portfolio screen. This screen displays the value of a clients share holdings on the platform. 5

6 Available cash balance The Account Summary screen will display a client s available cash balance to trade. Before placing a trade, it is important to ensure that your client has enough available cash in their existing Cash Account to place a trade. The available cash amount includes the following: the standard Cash Account minimum plus three months insurance premium (super) plus three months pension payments (pension) plus three months regular withdrawals (IDPS). You can also view a client s beginning-of-the-day available cash balance via the Cash Liquidity Report, available on MoneyOne. 6

7 Financial transactions On the Financial Transactions screen you are able to view your clients historical transactions. Date range fields are also available to narrow down your search. 7

8 Placing an order To place an order for a specific client, select the Trading option from the left hand side of the screen. This will automatically take you to the Place Order screen. To buy stock you will need to use the below screen. Input your order details including: Order type select Buy or Sell ASX code (or select search option) Quantity Price ($) enter Limit Price or accept the Market Price by ticking the At Market checkbox (refer page 11 for more information about At Market orders). To continue, click on the Proceed button at the bottom of the page. 8

9 You will then be directed to a summary screen for your order. Clicking on the Submit Order button will issue your order with the Online Broker. To sell stock you will need to use the below screen. Please ensure that CHESS Sponsored is selected when selling a stock. 9

10 In the situation where Issuer Sponsored SRN is selected from the previous screen, the error below will appear. Tip non-approved securities For superannuation and pension clients, only approved securities can be purchased. Trades through the trading interface do not allow the purchase of non-approved securities. The full list of approved securities is available on the Investment Authority, which is available on MoneyOne. Tip diversification guidelines (super and pension clients) Please refer to the below table for diversification guidelines information with respect to listed securities. Category S&P ASX 200 (index) Preference shares and listed interest rate securities (LIRs) Listed investment companies (LICs) Exchange traded commodities (ETCs) or single sector/industry exchange traded fund (ETFs) e.g. gold and property Guidelines No more than 20% of your account should be invested in any one share No more than 20% of your account should be invested in any one listed security of this type No more than 20% of your account should be invested in any one LIC No more than 20% of your account should be invested in any one listed security of this type 10

11 Price information You can select from two options, these being At Market or At Limit. 'At Market' orders may only be placed while the market is open. It is important to note that there is a slightly different method of placing market orders than what some advisers may be used to. The Online Broker processes requests as Market at Limit orders where the market order converts to a Limit order at the current market price. Example Market at Limit order An adviser, Steven Stevenson, wants to place an order for his client, Bob Brown, to purchase 500 CBA shares at market. Market depth is as follows: Price Sell (offer) Quantity $ $ $ Once Steven selects the Submit Order button, the system will locate the lowest price at which someone is willing to sell. In this example, it is 250 shares at $ At this point, the system will convert the Market order to a Limit order, based on the price that the initial purchase was transacted, being $ If there are no other shares trading at $38.35, the transaction is only partially filled and an open order for 250 shares at $38.35 would remain. Another alternative for advisers is to check the market depth prior to placing the order and selecting an At Limit order for an alternative amount to ensure the trade is completed immediately. For example, in the above case, you could select an At Limit order of $ This would enable the client to receive the first 250 shares at $38.35 and the remaining 250 shares at $ Example At Market order 'At Limit' orders can be placed at any time and limit the highest price that the clients will pay to buy or lowest price the clients will accept to sell. Example At Limit order Tip If you wish to sell a client's entire holding in a particular stock, click on the Holdings screen instead of going direct to the Order screen. Once there, click on the quantity held and you will be taken to the Order Entry screen, with the Buy/Sell flag defaulted to Sell and the quantity to the client s full holding. 11

12 Managing orders From the 'Manage Orders' screen you can view cancelled, outstanding and executed orders. 12

13 Confirmations The 'Confirmations' screen displays a summary of both buy and sell transactions on the platform. You can also insert data ranges for a particular client if required. 13

14 Cancelling orders Pre-submission cancellations To cancel orders that have not been submitted to the market, select the Cancel option on the bottom of the Place Order screen. This will return you to a new Place Order screen. Cancelling submitted orders To cancel orders that have been submitted select the Outstanding Orders drop down from the Manage Orders screen. Cancellation of orders can only be actioned when the order status is 'open' or at 'review'. Orders that have executed (status closed) cannot be cancelled. For further information on cancellations contact Client Services. 14

15 You will then have the option to cancel an order from the Action menu as flagged below. When you select the Cancel option, a Cancel Order screen will appear. Clicking on the Cancel Order button will submit the cancellation to the Online Broker. 15

16 You will then receive a cancellation confirmation. 16

17 Making corporate action elections Advisers will receive notification of corporate actions that can be actioned on behalf of a client. Reminder s are also sent closer to corporate action close dates. To access the Corporate Actions page you will need to select the Portfolio Services section from the Home page. This will then direct you to the Corporate Actions Home page. To view all corporate actions held against your adviser account select Entitlement Lists from the Corporate Actions tab. Click on the stock in which you wish to participate. 17

18 From this screen, you can decline or accept rights followed by submit. When electing to participate in a corporate action, you have the option of either electing or rejecting on behalf of all clients or electing participation for individual clients. Where no election is made, the default action will apply. 18

19 To view corporate actions for a particular client click on Entitled Clients' from the corporate action opition. You will then be able to search corporate actions for a particular client. 19

20 You may make an election on behalf of all your clients by using the default selection option, as shown below. Reports You also have the option of reviewing historical corporate action data by selecting the reports tab and entering the date range required. 20

21 How to log out You can exit from the online share trading website by selecting Log Out from the menu at the top of the screen. Trading through offline panel brokers In addition to online trades through the Online Broker, trades may be actioned through the approved offline panel brokers: JB Were RBS Morgans Lonsec Bell Potter Shaw Stockbroking Morgan Stanley Smith Barney EL & C Baillieu Stockbroking Ltd E*TRADE Please see the following page for details of the contact person at the approved offline broker firms. If you would like to use a broker other than the contacts named on page 19, please contact the broker firm to organise this. Points to note when using offline panel brokers End-of-day data feeds will be sent to the Administrator by the offline panel broker to update client accounts and confirm trades, where required. There are no approved security checks when trading with an offline panel broker. Please note that you may be liable for any trade not considered an allowable security. Purchases of non-approved securities will necessitate a reversing trade at the earliest opportunity to dispose of the non-approved securities. Any brokerage payable or losses stemming from the reversing trade will be charged to the client or adviser. Only the above broker firms can be used. You need to ensure that sufficient funds are available in your clients Cash Accounts to settle any trades otherwise failed trade fees may apply. All transactions executed through an offline panel broker are subject to a third party settlement fee of $20.50 on top of any negotiated brokerage with the broker. Each offline panel broker must ensure trade details are sent to the Administrator in the approved format on trade date in order to update client accounts and confirm trades. If this is not done, we cannot guarantee settlement of the trade/s. Fees associated with any manual intervention required by us to settle trades will be charged to the adviser who may choose to pass the charge on to the client. 21

22 A snapshot of the broker firms Bell Potter Contact: Nick Kelso on or Bell Potter Intermediary Services (BPIS) provides a specialist service to financial planners whose clients wish to undertake direct equity investments. BPIS can draw on a wealth of resources to deliver the highest level of service possible. They have access to a team of professionals who are specialists in their fields, including their highly regarded strategist, economist and research analysts, as well as administration experts. EL & C Baillieu Stockbroking Ltd Contact: Ben Ellwood or bellwood@baillieu.com.au EL & C Baillieu Stockbroking Ltd is a participating organisation of the Australian Securities Exchange Limited. The firm commenced business in 1889, some five years after The Stock Exchange of Melbourne was founded, and traded as a partnership until March On 1 April 1986, the partnership of EL & C Baillieu Stockbroking ceased trading and was succeeded by EL & C Baillieu Limited, which subsequently changed its name to EL & C Baillieu Stockbroking Ltd on 12 January In December 2002, EL & C Baillieu Stockbroking merged with Sydney stockbroker KJ Polkinghorne (established in 1945). In October 2006, the firm entered into a strategic alliance with global investment bank, Credit Suisse. This arrangement will enhance Baillieu s offering to clients through access to corporate issues and equities research. E*TRADE Contact the E*TRADE Service and relationship team on In 1998, E*TRADE helped pioneer online trading, with the first straight-through online trade in Australia. They have won the AFR Smart Investor Blue Ribbon award Fully Featured Online Broker for 2010 and the Best Feature-Packed Online Broker award from Money magazine in four consecutive years 2004, 2005, 2006 and 2007 and numerous awards for Innovation. In 2010, their free Tax Tools product won Best Innovative Feature in Money magazine s Best of the Best award, and Innovation Excellence in the CANSTAR CANNEX Star Ratings. They were awarded Money magazine s 2011 Best of the Best award for Best Innovative Feature for Global Shares. Lonsec Contact: David Wylie on or david.wylie@lonsec.com.au Lonsec started out as part of a licensed financial planning dealer group, therefore, understand advisers changing needs. Now a stand-alone business, they maintain close links to financial advisers to ensure they continue to deliver relevant services. Their research teams work in a collaborative, open-plan environment that promotes discussion between teams and the sharing of ideas and information a set up that sets Lonsec apart from its competitors. Lonsec is a client-centric organisation that prides itself on being professional, approachable and responsive. Morgan Stanley Smith Barney Contact: Martyn Rose on or martyn.rose@citi.com Morgan Stanley Smith Barney, through its adviser services group, brings award winning global research through their affiliate companies, leading capital markets capabilities and a broader range of support to help financial advisers rethink investment strategies for their clients in this new financial era. RBS Morgans Contact: Justin Sharples on or justin.sharples@rbsmorgans.com RBS Morgans (RBSM), Balmain office, have a dedicated team of five who service the specific needs of financial intermediaries. RBSM Balmain offer advisers full service stockbroking to their end clients. Their partnership provides advisers with specialised service, support and expertise to help advisers service their clients. Shaw Stockbroking Contact: Adam Dawes on or adawes@shawstock.com.au Established in 1987, Shaw Stockbroking is one of Australia s largest independently-owned full service stockbroking firms with private client and institutional advisers, supported by staff and management, including an in-house research department. They have a long history of providing high quality professional advice to institutional and private clients. JBWere Contact: Sophia Todd on or sophia.todd@jbwere.com JBWere has developed a range of specialist services specifically for financial planners which is focused on helping their business keep pace with the changing world market. By drawing on the global resources of JBWere, advisers can offer their clients a fully integrated investment service to differentiate their business from their competitors and maximising wealth creation opportunities for their clients. 22

23 Can t access the system? In the situation where you are unable to access the trading site via MoneyOne Online, please contact Client Services on Who to contact For more information on the share offering and its features please refer to the relevant Product Disclosure Statement, Information and Financial Services Guide or contact Client Services on Disclaimer The issuer of this information is Oasis Fund Management Limited (ABN , AFSL , RSE L ) ( OFM ). OFM is the trustee of the Imagine Wealth Superannuation Master Trust and issuer of the Imagine Wealth Investment Service. This information, as part of the MoneyOne webpage (the "site") is maintained by Oasis Asset Management Ltd (ACN ) ( Oasis ) on its own behalf and on behalf of MoneyOne.Com.Au Limited (ACN ) ( M1 ) and OFM. The use of the site is subject to the terms and conditions therein. This information is current as at 21 May 2012 but may be subject to change. The information is of a general nature and does not take into account an investor's personal needs, financial circumstances or objectives. Before acting on this information, an investor should consider the appropriateness of the information, having regard to their needs, financial circumstances and objectives. An investment is subject to investment risk, including possible repayment delays and loss of income and principal invested. The future value of investments may rise and fall with changes in the market. An investor should read the relevant disclosure documents available on the site or from the contact details listed therein and consider whether that particular product is right for them before making a decision to acquire or continue to hold the product. OFM also recommends you read the terms and conditions of MoneyOne Online available at or by calling Client Services. MoneyOne is a registered trade mark of M1. Past performance is not indicative of future performance. The issuer does not promise any rate of return or that there will be no capital loss or taxation consequences from investment. Any examples or case studies used here are for illustrative purposes only. While the sources for the material are considered reliable, no responsibility is accepted for any inaccuracies, errors or omissions. 23