InvestSMART
InvestSMART Fundlater

Fundlater account management

InvestSMART Professionally Managed Accounts using a Fundlater non-recourse loan can invest in the following InvestSMART Diversified Portfolios:

Yes, you can change to any of the five investment models. But please note, brokerage is charged when switching.

To do this, see How do I change the model I am invested in? in the Help Centre. 

No, only payment instalments go towards paying off the loan.

Yes, you can close your InvestSMART PMA at any time.

InvestSMART will sell down your portfolio and deduct any outstanding instalments. Once this is completed, we will return the remaining amount to you.

InvestSMART bears the risk. If the sum of remaining instalments is greater than the portfolio's value, the investor will receive no money but will not owe InvestSMART either.

See How do I close my account?

No, a Fundlater non-recourse loan is not a margin loan. As long as you can continue to make the repayments your account will continue to operate no matter the market movements.

Not at the moment however, we may look to add this feature in the future.

No, you cannot make partial withdrawals if you are a using a Fundlater non-recourse loan. If you require funds you will need to withdraw the full amount. When requesting a full withdrawal InvestSMART will sell down the portfolio and deduct any outstanding instalments left and return the remaining funds to you.

Related topics

No.

There is a maximum of one Fundlater non-recourse loan per investor.

You can either have an InvestSMART Professionally Managed Account using a Fundlater non-recourse loan in your name as an individual or an account in joint names.

You cannot have multiple accounts in your own name.

An InvestSMART Professionally Managed Account using a Fundlater non-recourse loan is only available for individual and joint accounts.

Yes. 

Investors must be over the age of 18. However, there is no maximum age limit. 

Currently, the account type where adults can be a trustee for a minor is not available for Fundlater. 

Adults can open a standard InvestSMART Professionally Managed Account as trustee for a minor.

No, there are no credit checks. Investors will need to invest a minimum of $4,000 to fund their InvestSMART Professionally Managed Account and InvestSMART will credit their account with a further $6,000 via a Fundlater non-recourse loan.

Key Points:

  • The minimum amount you need to provide is $4,000.

  • The maximum amount InvestSMART will loan is $6,000.

Explanation:

Yes, you can fund with any amount, minimum $4,000, and still be credited $6,000 or less if you desire.

Each investment portfolio requires $10,000 so as long as this total is met, you can alter the amounts.

For example, you can fund with $5,000 and be credited $5,000 or fund with $7,000 and be credited $6,000.