Switching

3 minute read

Full control over your clients’ investments

Our switching and portfolio rebalancing options give you full control over your clients’ investments.

Options for switching on a client by client basis

Why would I use it?

You would use this option if you wanted to sell a specific fund and buy another.

This option should only be used if selling and buying loose assets, outside of a model portfolio. An example of a situation this would be used, is looking to switch one fund to another for CGT purposes.

What happens if I choose this option?

All the assets will be sold and repurchased, no net trading will take place. It is key you understand that this option will sell all assets that you specify to sell before repurchasing, which is why you are asked to confirm which assets are to be sold.

Why would I use it?

Use this option if you want to switch a client who currently has loose assets (assets that are not invested inside a model portfolio) into new loose assets, or if you have a client with multiple investment strategies and you wish to switch all assets in one instruction. This option will only ask you what you are buying, it then calculates the most efficient way to get to that position for the client.

What happens if I use this option?

We will only sell and purchase the minimum number of units required to achieve your desired outcome.

If your client has cash within their account, then this will be switched into your chosen assets, therefore if you require a cash holding please specify this when choosing your assets to ‘buy’.

IMPORTANT

If you are running model portfolios, you should use the model portfolio switch out option because the single switch by account option will include all assets held by a client, so if they hold a model portfolio and loose assets, all assets will be included in the calculations.

Discover smarter switching for your clients’ investments

Our platform helps you switch with fewer trades, potentially lower costs, and less time out of the market for your clients.

The summary table below gives you a quick overview of our switching options.

Switch journey	What does this switch journey allow me to do?	How does it trade?
Switch by account (selected at client level)	Choose the accounts you want to switch for an individual client	Net trades - Only sells required units to achieve desired outcome. The whole account will be switched, including cash.
Switch by assets (selected at client level)	Choose up to 5 assets (funds or exchange traded investments) to switch. *Then choose the relevant tax wrapper for the assets you wish to switch.	Sells 100% of chosen assets, net trading does not apply. Can be specified as £ or % options. If specified as £ the sell and buy will take place on the same day. If specified as a % the buy will take place after the sale trades have been confirmed.
Switch by account (selected at account level)	Choose the account you want to switch for an individual client	Net trades - only sells required units to achieve desired outcome. The whole account will be switched, including cash.
Switch by assets (selected at account level)	Choose assets (funds or exchange traded investments) to switch	Sells a selected percentage of chosen assets, net trading does not apply. Can be specified as £ or % options, if specified as £ the sell and buy will take place on the same day. If specified as % the buy will take place after the sale trades have been confirmed.
Switch by account - multiple clients	Select multiple clients and choose which accounts to switch for each client.	Net trades - Only sells required units to achieve desired outcome. The whole account will be switched, including cash.
Switch by assets - multiple clients	Choose up to 5 assets (Funds or ETIs) Then choose relevant sub-accounts currently holding the assets that you wish to switch	Sells 100% of chosen assets, net trading does not apply. Can be specified as £ or % options, if specified as £ the sell and buy will take place on the same day. If specified as % the buy will take place after the sale trades have been confirmed.

Managing model portfolios

If you manage assets using model portfolios then you should use the model portfolio switching options that are outlined on our managing model portfolios 'how do I' page.

How do I set up a model portfolio?

Further support

Flexible model portfolios

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Published 16 August 2022

Full control over your clients’ investments

Options for switching on a client by client basis

Single switch by asset

Why would I use it?

What happens if I choose this option?

Single switch by account

Why would I use it?

What happens if I use this option?

IMPORTANT

Bulk switching

Discover smarter switching for your clients’ investments

Managing model portfolios

Further support

Related articles

Flexible model portfolios

Flexible withdrawals

Registered office

Full control over your clients’ investments

Prefunding and net trading

Options for switching on a client by client basis

Single switch by asset

Single switch by account

Bulk switching

Discover smarter switching for your clients’ investments

Managing model portfolios

Next steps

Further support

Step-by-step training

Platform support

Related articles

Flexible model portfolios

Flexible withdrawals

Registered office