Tax reporting and general reports
You can view and manage your InvestSMART PMA online.
If you are already invested, visit the My Account section of the website and select My Investments to view:
- Investment Summary
- Current Holdings
- Dividends & Interest
- Deposits & Withdrawals
- InvestSMART Fees
- Allocation Preferences
- Investment Preferences
Your portfolio data is updated daily. Please note, you will always see the previous days closing values.
You can switch between Model Portfolios or alter the combination of Model Portfolios on which your portfolio is constructed at any time. Your instruction will generally be acted upon during the next rebalancing date after receiving your request online.
You can submit this request by taking the following steps:
- Click My Account and My Investments
- Select Modify Allocations
- Click Adjust My Allocation
- Provide New Allocation Breakdown by Percentage (%) and then select Next
- Select Verification and use preferred option - Email or SMS
- Complete Verification
If your request requires additional funds to be transferred then the details will be shown in accordance with what you need to contribute along with the BPAY details unique to your investment account.
If you require assistance, please contact our friendly team via the chat function in the bottom right corner.
We are commonly asked by new clients browsing their holdings in the Portfolio Manager why they have physical cash sitting in their investment portfolio. Surely it should be invested in more shares?
There are four reasons why this may be occurring:
As referenced in our Product Disclosure Statement, every Professionally Managed Account (PMA) will hold, at the very least, 1% of the total account value in a cash component at all times.
InvestSMART draws upon this cash component to cover management fees and brokerage costs (if required), removing the need to unnecessarily sell down investments to cover the aforementioned expenses, which would be counterproductive to the progress of your investment.
Portfolio Manager Discretion
At any point in time, the Portfolio Manager of any Model Portfolio has the discretion to adjust the holdings and weightings held, including physical cash. While this is more likely to impact active stock-picking portfolios rather than our capped-fee investment portfolios, it's not unusual to see 5% physical cash held by some models.
Contributions or Income
Over time your investments will pay dividends or distributions with the proceeds deposited into your cash component, and dependent on your income setting, it will either be accumulated and paid to your nominated bank account or held for reinvestment at the next rebalance.
Contributions are also held similarly. They will be initially deposited into the cash component until there are enough available funds to trigger a rebalance of your holdings.
The myth of "Full Investment"
Lastly, there is a common-sense reason why there might be a little more physical cash in your account. We aren't able to necessarily deploy every cent we'd like to due to the fluctuations in the price of underlying holdings on any one day, i.e. if we want to purchase $500 of ABC to rebalance your portfolio but only have $100 available, then we will have to hold fast for the time being.
This is a Professionally Managed Account (PMA), meaning that we manage this for you. Any trading, readjusting, rebalancing is done automatically by InvestSMART.
If you have any further questions or want clarification on the above topics, then please feel free to email us at firstname.lastname@example.org
We review our model portfolios on a daily basis. In addition to this, our investment committee formally meets every quarter to review the models and decide if a rebalance is required. For instance, once a quarter we may need to re-weight the allocations to the benchmark. This may involve selling or buying holdings to bring your portfolio(s) into line with the benchmark.
On the rare occasion, we may rebalance ad hoc in an instance where we have elected to introduce or remove a holding from a model. Historically speaking, this has only occurred a maximum of once or twice in a year. More commonly, portfolios are also rebalanced whenever funds are added or removed from a portfolio.
New holdings may be introduced where a new ETF becomes available that better serves our portfolio management purposes. This circles back to maintaining low costs for investors by seeking lower costs and spreads.