Macquarie Wrap

You can buy, sell and manage assets for your clients through Adviser Online. You can also check the status of existing and previous transactions. These transactions can be placed through Portfolio Transacting on Adviser Online.

Transacting in Adviser Online

1. Log in to Adviser Online
2. Click Transacting on the Adviser Online menu beneath the Macquarie icon and select Portfolio transacting
3. Search for an account in the search bar by typing either an account number or name
4. Click the account you want to transact on
5. Select New Transaction and select the transaction type you want from the dropdown list
6. Enter in the trade details and select continue
   1. When purchasing a new managed investment or Separately Managed Account (SMA) for a retail client, you'll be required to answer questions relating to design and distribution obligations, asking you to confirm whether personal advice been provided recommending that the account holder(s) proceed with the new transaction
   2. If personal advice hasn't been provided, you’ll be required to confirm that the distribution conduct is consistent with the product’s Target Market Determination(s) (TMDs)
7. Select Generate Orders
8. Authorise the trade.

Please note: if you’d like to place buy orders that will use available cash rather than using the funds from a sell down, please place the buy and sell orders in two different transactions. This involves placing either the buy or sell, authorising the transaction, and then placing the other buy or sell in the following transaction.

Where personal advice hasn't been provided and the distribution conduct isn't within the TMD, the transaction won't be able to proceed on a retail account.

For more information about switching logic, please see How does portfolio transacting switching logic work when a buy and sell order is placed in the same transaction online?

Can’t authorise?

If you don’t see an option to continue and can’t generate and authorise the trade, you may not have the appropriate level of authority to transact on that client’s account.

For more information about authority levels and how to change your level of authority see How do I register for full transact access instead of enquiry only?

Sell orders funding buy orders

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.

For more information regarding this, see What Wrap transactions require sufficient available cash prior to the order being placed through the portfolio transacting screen?

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 may 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.

Trustee Limits on SMAs

For SMA Models, investment limit checks will be treated like managed funds and applied at the SMA Model level.

Adviser Initiated Payments

Adviser Initiated Payments (AIP) allow your clients to consent to trades over the phone. This speeds up the advice process while keeping a high level of client control.

For more information see How can I make Adviser Initiated Payments (AIP) from the cash account?

Bulk Transacting

Bulk transacting helps you to collect fees and make bulk payments efficiently.

Read more about bulk transacting here.

Macquarie Online Trading

Macquarie Online Trading provides you and your client with more direct access over your investments.

For more information about Macquarie Online Trading see here.

Investment Menu

The Investment Menu shows you information about eligible investments.

For more information about how to use and access the Investment Menu see How do I check which investments are available for the Wrap products?

You can transfer assets into your client’s account through Macquarie Wrap or Macquarie Online Trading.

Macquarie Wrap

We can facilitate the following types of transfers into your client’s Wrap account:
 

• Shares from Issuer Sponsored Holdings (SRN)
• Shares from Broker Sponsored Holdings (HIN)
• Managed funds from direct holdings (held directly with fund manager)
• Both shares and managed fund from an external platform custodian.

Generally, your client will have to complete and sign a specific type of transfer form depending on the type of transfer.

The following steps should then be followed to process a transfer:
 

1. The form should be sent to us to arrange the transfer on behalf of the client
2. We’ll contact each external provider on behalf of the client and arrange the transfer of assets with each one
3. Once the transfer has been arranged with the external provider, the assets are then transferred.

Please refer to the Asset Transfers Guide  or Asset Transfers Wizard for more information.

Macquarie Online Trading

 

To transfer shares to your client’s Macquarie Online Trading account, please complete the relevant form below. If we don’t already have your client’s ID on file, please provide a copy when submitting your request to help speed up the process.

Moving shares from another broker
 

1. Please complete the Broker to Broker Transfer Request form
2. Your client’s details at the other broker must match the exact details your client has with us to allow the transfer. If the shares are currently held in a different name, you’ll need to complete an Off Market Transfer Request form  (at a cost of $55 per line).

Moving shares from a share registry
 

1. All new Macquarie Online Trading accounts need a Holder Identification Number (HIN). If your client only has Issuer sponsored holdings your client must complete the Issuer Sponsored Conversion Request form
2. Your client’s details at the share registry must match the exact details they have with us to allow the transfer. If shares are currently held in a different name, your client will need to contact the share registry to change the details before submitting the Issuer Sponsored Conversion Request form or complete an off market transfer
3. Return the completed forms to support@trading.macquarie.com
4. If your client is in the process of opening a new account with us, you’ll have the option to create a new HIN as part of account opening. You can also transfer a HIN during the online account setup process as long as it’s in the same name as the new account
5. Once we've received your request, we'll transfer the shares into your client’s Macquarie Online Trading account.

Super and pension

When contributing into a superannuation account by in specie transfer, the consideration and date of purchase will be the date that we receive all completed transfer paperwork, and also a date after the account is opened.

For more information please see What transfer amount do I need to put on an Australian Standard Transfer form?

Macquarie Consolidator II – Engage is a cost-effective solution with a limited menu of products. It’s designed to suit clients with less complex investment needs.

You can access the Investment Menu through Adviser Online.

1. Log in to Adviser Online
2. Click the Investment menu button on the right hand side of Adviser Online home page
3. Select either Macquarie Wrap IDPS Investment Menu or Super and Pension Investment Menu.

You can learn more about Macquarie Consolidator II here.