Understanding asset transfers and timeframes

A smooth and seamless transition of assets is an essential element helping to form your clients’ Macquarie Wrap experience.

For instructions on how to request an asset transfer please refer to these Help Centre articles:

Transfer between Wrap accounts

• Making an internal transfer of Separately Managed Accounts (SMA) assets
• Transferring between Wrap IDPS accounts
• Transferring from Super to IDPS (SMSF) as a rollover
• Transferring from IDPS (SMSF) to Super or Pension as a rollover
• Transferring from IDPS (SMSF) to Super or Pension as a contribution
• Switching between super and pension accounts

Transfer into IDPS from an external source

• Transferring in Broker Sponsored securities (HIN) to IDPS
• Transferring in Issuer Sponsored securities (SRN) to IDPS
• Transferring in Broker Sponsored securities from an external platform or custodian to IDPS
• Transferring in managed funds from direct holdings into IDPS
• Transferring in assets and cash using a Limited Power of Attorney (LPOA)

Transfer into Super or Pension from an external source (rollover)

• Transferring in Broker Sponsored securities (HIN) as a rollover
• Transferring in Issuer Sponsored securities (SRN) as a rollover
• Transferring in equities or managed funds from an external platform or custodian as a rollover
• Transferring in managed funds as a rollover

Transfer into Super or Pension from an external source (contribution)

• Transferring in Broker Sponsored securities (HIN) as a contribution
• Transferring in Issuer Sponsored securities (SRN) as a contribution
• Transferring in equities or managed funds from an external platform or custodian as a contribution
• Transferring in managed funds as a contribution

Transfer out of IDPS, Super or Pension to an external source

• Transferring out managed funds or securities to an external custodian
• Transferring out managed funds to direct holdings
• Transferring out securities to Broker Sponsored holdings
• Transferring out securities to Issuer Sponsored holdings
• Transferring international listed securities off Wrap IDPS
  

Once we receive the required information from you on behalf of your client: 

1. We’ll contact each external provider on behalf of the client and arrange the transfer of assets with each one
2. Once the transfer has been arranged with the external provider, the assets are then transferred.

Processing times for asset transfers depend on the type of transfer:

• Domestic listed securities
• International listed securities
• Managed funds
• Domestic fixed income securities
  

You can track the progress of a transfer request via Request Centre.

As the transfer is dependent on third parties, it’s difficult to provide precise timeframes. Some of the third parties we need to engage when transferring assets include: 

• share registries
• broking institutions
• fund managers
• platform providers or custodians
• government departments (e.g. Office of State Revenue). 

The type of investments held, combined with where they are coming from or going to, may also have a significant impact on how long an asset transfer takes. Assuming all the paperwork received by us is correct and no further information is required, the timeframes above can be used as a guide.

When in-specie transferring assets into the Macquarie Wrap platform, the purchase price or consideration amount can be any amount that falls within 5% of the closing price on the elected date of purchase. 

The date of purchase must be within 60 days of when our team receives the transfer documents for processing and if this is a new account, the date of purchase must be a date on or after the account open date. 

Note, this isn’t the case for Super and Pension account contributions, or rollovers of assets, as the trustee determines the contribution date and closing market price for contributions/rollovers that occur via in-specie transfer. In this case, the consideration and date of purchase will be the date Macquarie Wrap receives all completed transfer paperwork.

You can’t transfer managed funds or securities out of:

• Macquarie Investment Accumulator accounts
• all Wrap Super and Pension accounts.

See Transferring Suspended, Delisted or Terminating assets.