Automatic cash management
To help you manage your CMA balance, you and your adviser can select a minimum or minimum and maximum target cash balance. This can be either specific dollar amounts or a percentage of your portfolio. If your CMA balance exceeds your specified maximum, we will automatically invest the additional balance according to your instructions. If your CMA balance falls below your minimum target, we will redeem some of your investments and top up your CMA balance.
You can also set an investment limit so that application orders which exceed the maximum investment limit will not be automatically executed. These application orders will be automatically cancelled unless they are authorised by your adviser by the 28th of the month (or, if the 28th is a weekend or public holiday in Sydney, the last Business Day prior).
The automatic cash management process is run on or around the 20th of each month (this date may change without prior notice to you).
