To keep buying US shares after our upgrade, you'll need to complete a short, one-time setup in the Selfwealth app. You can do it on the web or on your phone, and it only takes a few minutes.
Before you start
- Your US shares are safe. Until you finish setup, you keep all your US holdings and can still sell them. You just won't be able to buy US shares.
- Company, trust and SMSF accounts: every authorised signatory needs to log in and complete the setup on their own.
- You can stop and come back. If you need to take some time to review your responses, each step has a “Complete Later” option.
Where to find it
On the web: go to Portfolio and click Complete setup in the banner at the top.
In the mobile app: on the Home screen, tap Complete setup on the card at the top.
Step by step
If you have an individual account, you can skip steps 2 and 3. They only apply to company, trust and SMSF accounts.
Step 1: Get started
Tap Get started to begin.
Step 2: Entity details (company, trust and SMSF accounts only)
Select the industry, funding source, investment objective, annual income and net worth for your entity.
Step 3: Your details (company, trust and SMSF accounts only)
Your details as an authorised signatory are already filled in. Check they're correct and tap Next.
Step 4: Financial details
Tell us about your employment, annual income and net liquid assets.
Why we ask for this: These questions are more detailed than you may be used to when buying Australian shares, and they're a requirement of US regulation. Our new US broker is a registered broker-dealer in the United States, and US securities rules set by the SEC and FINRA require it to collect each customer's employment details, income, assets and investment objectives before it can open an account and accept trades. Every customer who buys US shares through Selfwealth is asked the same questions.
We don't use your answers to give you personal financial advice, and this isn't a credit check. Your details are kept secure and handled in line with our Privacy Policy.
Step 5: Regulatory questions
Answer three quick yes or no questions.
Step 6: Tax file number
Enter your Tax File Number (TFN). This is your personal TFN.
Step 7: Agree and submit
Read the agreements, tick the three declarations, then tap Sign and proceed. That's it, you're all set to buy US shares again.
Need help?
If you get stuck or have a question, our Customer Support team is here to help, reach out on live chat by clicking the chat box at the bottom right of the page, or give us a call on 1800 577 502 between 9am and 6pm AEDT.
This material has been prepared by SelfWealth Pty Ltd (ABN 52 154 324 428, AFSL 421789) and is general information only. It does not take into account your objectives, financial situation or needs. Screens are illustrative and show sample data.