When will cash be available?

Cash from a redemption won’t become available until after the trade has been finalised and the funds are moved into your client’s cash account. Redemptions will take place according to their pricing schedule. Your clients won’t receive the cash from the redemption until it has been priced and the funds received from the fund manager.

Turnaround times may vary

You can trade on a number of assets through Adviser Online. This means however that some orders may occur faster than others.  

For managed fund orders where the fund manager accepts daily applications and withdrawals, we generally send application and/or redemption orders to fund managers after 12pm (Sydney time). Orders placed online before this time will generally be sent to the fund manager that afternoon. 

The process of sending application and redemption orders for several hundred managed funds can mean that this process can take some time to finalise. As fund managers have varying cut-off times throughout the day, we can't provide assurance that we'll complete orders before a particular fund manager’s cut-off time. 

See indicative turnaround times

When placing a new transaction, indicative turnaround times can be shown to help you determine how long your order will take. For managed investments, the indicative trade time option will be shown in the new transaction window. 

You can see indicative turnaround times on Adviser Online by following these steps:
 

Daily priced managed funds

  1. Log in to Adviser Online
  2. Click Transacting in the menu under the Perpetual icon and select Portfolio transacting
  3. Go to the home page by clicking the home in the top banner
  4. Select Wholesale Fund Information from the Quick Links drop-down menu
  5. Enter the APIR code and press Continue. You can enter multiple codes separated by commas.
  6. The timeframe to apply in and redeem out will be shown in the Turnaround time column.

Non-daily priced managed funds 

  1. Log in to Adviser Online
  2. Select Investment menu on the right-hand side of the Adviser Online home page
  3. The non-daily pricing fund timetable will be available under Registers, Non-daily pricing fund timetable and ASX link
  4. Fund application and redemption information will be sorted by APIR code.

Non-daily pricing funds (NDPF) process orders on their own schedule. A NDPF may take over 30 days to settle.
 

Suspended/Terminating accounts funds

  1. Log in to Adviser Online
  2. Select Investment Menu from the Dashboard, then select Suspended & terminating funds register
  3. Fund application and redemption information will be sorted by APIR code. Any transfer information and latest updates will also be displayed.

Available cash balance vs Portfolio Valuation Report

The available cash balance may be different to the cash balance in the Portfolio Valuation Report because the available cash takes into account the minimum cash holding, which is excluded from the available cash. 

The portfolio valuation will show the total amount of cash held in the account as at the report run date. The available cash balance is adjusted to account for the minimum cash balance, outstanding orders/trades and unpaid adviser establishment fees.

Auto Cash Management

Our Auto Cash Management (ACM) plan allows you to manage a client’s cash balance by setting a target minimum and/or maximum cash balance. 

Once it’s created, this plan will run on the 20th of each month (or next business day if the 20th is not a business day) and managed fund orders will be generated to achieve the target cash balance, if the selected cash triggers are breached.  

If an asset was a standard trade, it may be placed at a later date due to the order being placed as ‘market-to-limit’. When an order is placed as ‘market-to-limit’, the order will stay active in the market for 22 business days with any unfilled portion of the order being purged from the market.

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If you have any feedback on this article or need additional support, please contact us via live chat or email wrap@perpetual.com.au.

Perpetual Private Wrap is the marketing name for the Perpetual Private Investment Wrap (Investment Wrap) an Investor Directed Portfolio Service (IDPS) operated by Perpetual Trustee Company Limited (PTCo), ABN 42 000 001 007, AFSL 236643, Perpetual Private Super Wrap (Super Wrap) and Perpetual Private Pension Wrap (Pension Wrap) that are part of the Perpetual Super Wrap (RSE R1074406),ABN 22 897 174 641) (the Fund), as superannuation fund established by way of a trust deed. The trustee of the Fund is Equity Trustees Superannuation Limited (ETSL) ABN 50 055 641 757, AFSL 229757, RSE L0001458. The Perpetual Cash Account is a wholesale deposit with Macquarie Bank Limited ABN 46 008 583 542, AFSL 237502. Perpetual Private advice and services are provided by PTCo. This information has been prepared by PTCo and contains general information only and is not intended to provide you with advice or take into account your objectives, financial situation or needs. You should consider the Investor Services Guide and Product Disclosure Statement as applicable, and whether the information is suitable for your circumstances, we recommend that you seek professional financial, tax and/or legal advice. BPAY is a registered trademark of BPAY Pty Ltd ABN 69 079 137 518.

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