Australian Equities and Cash
The Selfwealth Adviser Platform is a non-custodial direct equities HIN-based solution, with holdings held in the client account holder's name on their unique individual HIN. An ANZ trust account is used as a settlement account, which is linked up to a nominated withdrawal account of the investor’s choice. There are no fees and currently no interest payable on the ANZ trust account.
The account holder is the legal and beneficial owner of all Australian assets held on the platform. For more information, please click here.
International Equities and Cash
If international trading is activated, international assets are held in a custodial account with Phillip Capital Pte Ltd. Cash in currencies other than Australian Dollars is held in a Phillip Capital trust account with Standard Chartered. The account holder is the beneficial owner of all international holdings purchased through the Selfwealth platform.
For more information on how international assets with Selfwealth are held, please click here.