Opening an InvestSMART PMA with Fundlater
Yes, you can change to any of the five investment models. But please note, brokerage is charged when switching.
- InvestSMART Conservative
- InvestSMART Balanced
- InvestSMART Growth
- InvestSMART High Growth
- InvestSMART Ethical Growth
To do this, see How do I change the model I am invested in? in the Help Centre.
Not at the moment however, we may look to add this feature in the future.
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.
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.