Who is eligible?
You must hold an approved individual account. Joint, company, and SMSF accounts are coming in the near future.
How do I open a Managed Investment?
If you’re new to Selfwealth: open your Selfwealth account first on the web at selfwealth.com.au, then download the Selfwealth mobile app and log in. Managed Investments are set up in the app: go to the Wealth tab and select Set Up.
If you already have a Selfwealth account: open the Selfwealth mobile app, go to the Wealth tab, and select Set Up.
From there:
- Complete the digital advice journey. Answer questions about your financial situation, investment goals, risk tolerance, and time horizon. This is required under Australian regulations to ensure the portfolios recommended to you are appropriate.
- Receive your Statement of Advice (SOA). A personalised SOA detailing which portfolios are suitable for you, the basis for the recommendation, key risks, and your Investment Program.
- Sign your MDA Contract. This authorises Selfwealth to manage your portfolio.
- Fund your portfolio. Transfer funds from your Selfwealth wallet.
- We invest on your behalf. Selfwealth executes your Investment Program and manages your portfolio from there.