What is Stockspot?
Stockspot is Australia's largest and fastest growing digital investment adviser and fund manager (also known as robo advice). We were founded in 2013 with a mission to help more Australians access expert investment advice and portfolio management. We’re helping thousands of Australians to grow their savings with our personalised investment advice and portfolio management.
How does Stockspot work?
Our investment process is fully online. We ask a few questions about your financial situation when you sign-up to determine if investing is the right strategy for you. If it is, we will match you with an investment strategy that’s consistent with your goals and risk capacity and then manage the investment process for you.
Once you provide your personal details, complete the online ID check as required by law and sign off on your agreements, we will establish all the necessary accounts for you. You will receive details of your new accounts and you are ready to invest. You’ll be able to view your portfolio online, and we will provide ongoing monitoring and rebalancing of your portfolio.
Read more: Stockspot: Explaining how it works
What is the minimum amount that I can invest via Stockspot?
Our minimum investment amount is $2,000 and our service is free for the first 6 months if you invest $10,000 or less.
Portfolios over $50,000 benefit from a reduction in fees, as well as the ability to personalise your portfolio with a range of investment themes.
How does Stockspot compare to traditional fund managers?
We are less risky than the average active fund manager as we don’t try to beat the market. Traditional advisers and active fund managers will claim that their unique skill allows them to beat the market. In reality, close to 90% of fund managers have underperformed over 10 years after fees1.
Instead we keep costs low and our investment strategies track a broad range of global assets to generate long term returns and reduce risk via diversification. Our clients get access to a broad range of investments to help smooth returns and avoid the temptation to chase markets when they are at the top of their cycle and most risky. We methodically rebalance portfolios to keep risk consistent and help take the emotion out of investing.
Read more: The Paradox of Skill: Why active funds underperform
1 Source: Standard & Poor’s (S&P) SPIVA report 2015
Are the Stockspot portfolios available via other WRAP or SMA platforms?
No. We believe that one of the biggest drags on investment performance is the layers of fees levied by platforms. These include adviser fees, establishment fees, contribution fees, administration fees, execution fees and commissions charged on trades and cash balances.
We’ve designed Stockspot to remove as many of these fees as possible so our clients end up with a portfolio that can deliver better after-fee performance. As a result we are unable to offer the Stockspot portfolios on platforms as this would result in higher costs to clients.
Why would I use Stockspot versus doing it myself via an online broker?
Stockspot offers the following benefits:
- No brokerage costs – we don’t charge brokerage and as such are often a more cost effective solution.
- Re-balancing – we automatically rebalance your portfolio without charging brokerage. Over time your portfolio will ‘drift’ away from its target mix when some investments perform better than others. We continuously monitor the performance of assets in your portfolio and periodically rebalance them back to your target mix when this occurs.
- Personalised advice – we continually monitor clients' financial objectives, liquidity needs and risk tolerance to ensure that the portfolio they own is the most appropriate one.
- Portfolio construction and asset allocation – our chosen asset classes and ETFs are not static so you get access to our expertise on investment selection which can make a big difference to your long-term portfolio performance.
- Reporting and administration – we provide a range of different reports which are available online to help you complete your tax. Our service is also audited annually.
- Tax – we help ensure that you are set-up to access the tax benefits of the Double Tax Agreement between Australia and the United States for your overseas investments.
Is Stockspot regulated by the government?
We are a licensed financial service provider and regulated by ASIC.
Does Stockspot operate under an Australian Financial Services License (AFSL)?
Yes, Stockspot Pty Ltd (ACN 163 214 319) operates as an Authorised Representative (AR No. 453421) of Sanlam Private Wealth Pty Ltd (ABN 18 136 960 775) AFSL Number: 337927.
What happens in the unlikely event that Stockspot stops operating?
If Stockspot stops operating, you simply keep holding your cash and investments. All assets are held in your own name when you invest via Stockspot. Cash is held in an individual Cash Management Account (CMA) at Macquarie Bank (in your name) and all ETFs are held on an individual client Holder Identification Number (HIN) at Desktop Broker.
Is my money safe?
Yes. All of your investments - cash and ETFs - are always held in your own name.
Does Stockspot offer a superannuation product?
Stockspot is only available to Self-Managed Super Funds (SMSFs) at this stage.
Does Stockspot have a mobile app?
You can view your portfolio using our investment dashboard which has been optimised for mobile. We also have a native mobile app currently in development.
How do I contact Stockspot?
You can contact us via email or phone. We are also on Facebook, Twitter, Instagram and LinkedIn.
How are the portfolios built?
Stockspot believes that the most important investment decision is choosing how much to put in each asset class, rather than trying to pick winners within an asset. As a general rule, more assets in your portfolio will reduce the amount of risk you need to take to achieve higher returns.
The 5 asset classes in our model portfolios have different risk profiles. Share prices can be volatile but when the economy grows shares may outperform other asset classes in the long run. Investing overseas means that your investments are not just exposed to the Australian economy. On the other hand government and corporate bonds provide safe and steady income while investing in gold helps to cushion the impact of sharemarket volatility.
We help you build a portfolio with a blend of these asset classes which best corresponds to your goals and personal financial situation. We use Mean-Variance Optimisation, the foundation of Modern Portfolio Theory, to allocate the percentage of each asset class in your portfolio. The economists who developed this, Harry Markowitz and William Sharpe, received the Nobel Prize in Economics in 1990. Today it is the most widely accepted framework for managing diversified investment portfolios.
What is my money invested in when I invest via Stockspot?
We only invest in Exchange Traded Funds (ETFs) which are listed on the Australian Stock Exchange (ASX). ETFs is a low cost way to get exposure to lots of different markets and assets across the world.
What is an Exchange Traded Fund (ETF)?
An exchange traded fund (or ETF) is an investment fund that is traded on Australian Securities Exchange (ASX). Instead of buying a small handful of companies on a stock exchange, ETFs track an asset class such as Australian shares, international shares, bonds or metals. They provide direct exposure to a wide range of investments in their asset class. For example, an Australian share ETF holds a wide range of shares in the same proportion as each company’s value on the ASX. It gives investors access to a broad range of securities through a single trade.
Do I directly own the underlying ETF securities?
Yes. All ETF securities are held in your name via a unique HIN (Holder Identification Number) that identifies you as the holder of the securities on the CHESS subregister.
How diversified is my portfolio?
The ETFs that Stockspot invests in own more than 1,400 investment holdings from around the world. For more details, please refer to our portfolios page and what's in the Stockspot portfolios.
How do I view my Stockspot portfolio?
Once your account has been set-up and we've made your first investment, you will receive an email with instructions on how to view your portfolio through the investment dashboard. After this you'll be able to access your investment dashboard via the 'View portfolio' link on our homepage.
The investment dashboard has been optimised for both desktop and mobile. We also have a native mobile app currently in development.
How often do you rebalance my portfolio?
Over time your portfolio will ‘drift’ away from its target mix when some investments perform better than others. We continuously monitor the performance of assets in your portfolio and periodically rebalance them back to your target mix when this occurs to help reduce your risk over time. We are not able to predict when we are likely to rebalance because it depends on the performance of each of the assets.
Rebalancing in this way was developed by Nobel Prize winning economists and is now the most widely accepted framework for managing diversified portfolios. We also use deposits, withdrawals and reinvestment of distributions as opportunities for rebalancing your portfolio.
Read more: How portfolio rebalancing works
How will you notify me of changes to my portfolio?
We will notify you by email whenever your portfolio is rebalanced or there is a change in your investment strategy.
How can I choose a different investment strategy if my situation changes?
You can make the change by logging into your investment dashboard and selecting a different investment strategy under ‘Portfolio’ section in the top left menu.
Once you update and confirm the investment strategy, you will need to review and sign your new investment agreement. We recommend that you review your investment profile before making major changes.
Our team will also review the new investment strategy before we implement any portfolio changes for you to ensure it is suitable based on your investment horizon and risk profile. There are no fees associated chancing your investment strategy.
If I want to invest in more than one Stockspot portfolio, do I need to open separate accounts?
To open another Stockspot portfolio with a different risk profile, you will need to complete a separate application. Your new application will need to be under an unique email address.
So that your investments can be separately managed and audited, a new Stockspot cash account will be opened so we can map where deposits should be invested and from which account distributions have been received.
Can I add to or replace any of the ETFs Stockspot recommends?
We have made the decision to limit investments to what we believe are the most efficient portfolio allocations for our clients based on different risk profiles. We chose each of the ETFs because we believe they represent the best way to invest in each respective asset class.
The assets we have included work together to provide the best risk versus reward payoff based on our rigorous analysis. Removing assets would change the risk profile of the portfolios and could negatively impact client returns and risk over time. However clients in the gold and platinum tiers can access Stockspot Themes which allows you to personalise your portfolio.
Can I move my other shares into Stockspot (known as an in specie transfer)?
At this stage Stockspot is limited to the ETF investments that we recommend for the portfolios. This helps to reduce the cost to you and ensures you have the best mix of investments.
Is there a portfolio focused on dividend stocks or global shares?
Stockspot’s investment methodology is based on Modern Portfolio Theory. It states that returns are best maximised for any level of risk through the optimal mix of asset classes. Clients in the gold and platinum fee tiers have the option to add Stockspot Themes to their portfolio which include a dividend shares theme and several global share themes.
Why do Stockspot portfolios include gold?
Gold is an excellent portfolio risk reduction tool. During times where assets like shares are falling, gold often rises, which helps to cushion the impact of sharemarket volatility.
Read more: How gold helps your portfolio.
Will Stockspot invest all of my money in one go, or will it be invested over a period of time?
Stockspot will invest your money all at once. The benefit of investing in a portfolio of relatively uncorrelated asset classes is that when one asset class is down, it’s likely others may be up to help offset it. Therefore, timing is less important when you invest in a diversified portfolio.
If you would rather spread when you invest over a period of time, you can set up a regular transfer or payment into your Stockspot account so you can dollar cost average.
Can I choose when to rebalance my portfolio to manage capital gains?
We manage the rebalancing process to maximise return versus risk over the long term. Clients are able to chose from 3 different rebalancing settings which are suited to different life stages (such as retirement).
Read more: How portfolio rebalancing works
Why am I not invested in all of the ETFs in the Stockspot portfolio?
For portfolios less than $10,000, we phase-in each asset class instead of buying all of the ETFs with each investment you make. This helps to ensure that all investments are made in ‘marketable’ denominations under ASX rules. During the phase-in period, our investment engine combines assets to balance the risk vs return according to your investment profile. By the time your portfolio reaches $10,000, you will own all of the ETFs as part of your Stockspot portfolio.
The portfolios are constructed in a way that aims to maximise returns vs risk, and your portfolio is still benefiting from exposure to the most important assets like shares and bonds.
Can I trade my funds myself?
Stockspot’s investment methodology is based on Modern Portfolio Theory. It states that returns are best maximised for any level of risk through the optimal mix of asset classes. Our chosen asset classes and ETFs are not static so you get access to our expertise on investment selection which can make a big difference to your long-term portfolio performance. Clients in the gold and platinum fee tiers also have the option to add Stockspot Themes to their portfolio.
Note that Stockspot is not intended to be used as trading platform by clients.
Does Stockspot offer margin lending?
We don't offer margin lending since borrowing to invest increases the risk that you will sell your portfolio when the market becomes volatile. Instead we encourage clients to consider dollar cost averaging for the best long term investment results.
How were the Stockspot Themes selected?
Each investment theme has been selected based on our investment criteria. We have selected funds which offer low-cost, transparent and liquid exposure to asset classes, sectors and market factors that compliment the Stockspot Model Portfolios.
For more information, see Our chosen ETFs.
Why might I add a theme to my portfolio?
Stockspot Themes enable you to choose areas of the market you want a greater focus on in your portfolio. For example you might want additional exposure to certain geographic regions (such as Japan or the U.S.), asset classes (global property or bonds), or market factors (small companies, dividend shares or socially responsible shares).
Stockspot Themes let you tilt your portfolio to your chosen areas of interest while still ensuring that your portfolio remains consistent with your investment goals and risk profile.
Do I need themes in my portfolio?
The Stockspot Model Portfolios are already diversified across thousands of companies, sectors, regions and industries. Stockspot Themes can offer additional exposure to a select area of the market, but aren't necessary for broad diversification benefits.
How do I personalise my portfolio by adding or changing a theme?
You’re able to personalise their portfolio with a range of investment themes during the sign-up process provided you qualify for the gold or platinum fee tiers.
Qualifying clients can access Stockspot Themes in the ‘Portfolio’ section of your investment dashboard under ‘Change your investment strategy’. Once you’ve updated your themes, you will need to sign your new investment agreement.
How many themes can I add to my portfolio and how often can I change them?
Similar to the Stockspot Model Portfolios, themes should be part of your long-term investment plan and are not suitable to be frequently changed. We encourage clients to consider each theme as a 3 to 10 year investment as this will reduce the impact of short-term market moves and improve the probability of a positive return.
Clients can have up to 3 themes in their portfolio at any one time including a maximum number of growth and defensive themes based on your investment strategy. The number of theme changes, which includes adding or removing a theme from your portfolio, is dependent on your fee tier.
||Up to 4 theme changes per year.
||Up to 5 theme changes per year.
How much of my portfolio will be invested in each theme?
Themes are optimised for each client’s portfolio based on their goals, risk profile and core investment strategy. Each theme will typically contribute between 5% and 10% of your overall portfolio value once fully implemented.
Why are Stockspot Themes only available for gold and platinum tier clients?
Stockspot Themes only make up a small part of each portfolio so in order to meet our minimum trade size requirements they can only be offered for portfolios over $50,000. Bronze and silver tier clients continue to have access to the full benefits of the Stockspot Model Portfolios and are eligible for themes once their portfolio reaches $50,000.
Do you offer smart beta themes?
Smart beta relates to investing in well-known market 'factors' in a transparent and low-cost way. The following Stockspot Themes offer focused exposure to specific market factors: Australian large companies, Australian small companies, Australian dividend shares, Australian socially responsible shares.
For more information, see our views on smart beta.
How do I sign-up to Stockspot?
You can sign-up by creating your investment profile on our home page. We use this information to work out if investing is a good option for you and what type of investment strategy you should consider. Confirm your investment strategy and complete your application to get started.
Why do you need details about my income and assets?
Stockspot gives each client personalised advice and we aim to offer you the most appropriate investment strategy for your circumstances. In order to do this we need to know a bit about your financial situation. We also need to ensure that a Stockspot investment is in your best interest as investing isn’t suitable for everyone.
Why do you ask for my Tax File Number (TFN) and linked bank account details?
Providing your Tax File Number is not compulsory, but withholding tax may be deducted from your interest earnings if you do not provide your Tax File Number or a TFN exemption code.
We ask for your linked bank account details to allow us to transfer funds back to you when you decide to sell your investments. The account holder name must match with your Stockspot account name. Please note that this does not enable Stockspot to direct debit from your bank account and to invest, you can deposit money to Stockspot via EFT or BPAY.
Can I invest as a SMSF trustee?
Yes - you will need to have the following details handy:
- Front and Execution Pages of the Trust Deed
- Schedule A of the Trust Deed, if one was created
- A company extract if the Trustee of the SMSF Trust is a company
- All relevant Tax File Numbers (TFN)
Our portfolios integrate with Class Super who help with tax reporting and administration for our SMSF clients.
What are my options if I have failed the online ID verification process?
If you fail the online ID check process we will contact you with a list of documents we require to identify you. Please contact us at email@example.com if you need any further assistance.
What’s the MDA Agreement?
A MDA is a Managed Discretionary Account. It is a financial product that means you as the client always maintains ownership and control of your investments while you give Stockspot as the MDA Manager the right to manage your investments on your behalf. The MDA Agreement allows Stockspot to recommend and build a personalised portfolio for you.
Read more: What is a MDA Service and how does it work?
Do I need to open the new account request email I received from Macquarie Bank?
Yes, you will need to open this email to approve your new Cash Management Account (CMA).
- Click on the “Review and submit application” link in the email and validate your ID.
- Resume your application and submit. We have entered the personal details you’ve provided us. If you notice any errors, please contact us at firstname.lastname@example.org rather than editing the application. This will ensure that there are no discrepancies and avoid delays in setting up your account.
- Enter the 4-digit PIN supplied in the email to approve the CMA.
Please note that:
i) The minimum investment amount listed in Macquarie’s Product Disclosure Statement is not relevant to Stockspot accounts and our minimum investment is $2,000.
ii) The MDA Operator (Sanlam) has general withdrawal authority on your CMA to transfer funds into the account when you decide to sell your investments. It also enables any Stockspot fees, if applicable, to be deducted each month.
Why is ‘General withdrawal authority’ ticked on the Macquarie CMA?
The MDA Operator (Sanlam) has general withdrawal authority on your CMA to transfer funds into the account when you decide to sell your investments. It also enables any Stockspot fees, if applicable, to be deducted each month.
What types of account does Stockspot support?
Stockspot currently supports individual, joint, company, trust and SMSF accounts. You can also invest for your children or grandchildren.
Where are the assets in my Stockspot portfolio held?
All assets are held in your own name when you invest via Stockspot. Cash is held in an individual Cash Management Account (CMA) at Macquarie Bank in your name, and all ETFs are held on individual client HINs at Desktop Broker.
Can I open multiple accounts?
Yes, provided each investment account meets the minimum investment requirement of $2,000. For each account you should submit a separate application using a unique email address.
What if I already have a Macquarie Bank account? Do I need to open another one?
Yes, all clients need to have a separate Macquarie cash management account (CMA) attached to their Stockspot portfolio. This allows deposits, withdrawals, portfolio distributions and fees to be monitored as well as audited each year as part of our service.
Can I invest with Stockspot if I live outside Australia?
You may be eligible to invest with us if you are an Australian citizen currently living outside of Australia. Please email email@example.com with information on your citizenship and current residency status and we will let you know if you’re eligible.
Can I invest with Stockspot if I am an overseas citizen living in Australia?
Yes, conditional on passing our ID check process including a copy of your passport and proof of your residential address.
Can I invest with Stockspot if I am an overseas citizen living outside Australia?
Unfortunately Stockspot is not currently available for non Australian citizens who also live outside of Australia.
Can I invest with Stockspot for my child or grandchild?
There are several options to open an account under your child's or grandchild’s name. However, to make investments it’s an Australian legal requirement to be 18 years or over.
There are 2 main options to invest for kids:
- A parent or relative signs up as an individual client. The portfolio is legally held in your name but we can add a child’s designation to the account which acts as an identifier. For example if your child’s name is Emily we call it ‘Emily’s Account’.
- Family Trust. A discretionary family trust can invest in Stockspot where the child is a beneficiary. From a legal perspective the assets are held in the trust.
Please speak to your tax adviser or accountant regarding any advantages and disadvantages of different options from a tax perspective as Stockspot is unable to provide tax advice.
Read more: How can I save and invest for my kids?
How do I close my account?
You can close your account by requesting a full withdrawal under ‘Transfer money’ in your investment dashboard. The process typically takes 5 business days in accordance with the ASX’s standard settlement timeline.
How do I deposit into my Stockspot account?
Once you are fully set-up, you will receive details of your Stockspot Cash Management Account (CMA). You can deposit money into your CMA either via BPAY or electronic funds transfer (EFT) from your bank account.
I've opened my Stockspot account and transferred my money into my Stockspot cash account. What happens now?
We'll let you know by email when your money reaches your Stockspot cash account. This can take up to 2 business days - your bank should be able to tell you how long the transfer will take.
Our system will automatically invest the funds into your Stockspot portfolio. We'll confirm by email when this has been completed and ready to view in your investment dashboard.
What is the minimum investment amount?
Why does Macquarie list a minimum investment amount of $5,000 in their product document?
This amount does not apply to Stockspot clients. The minimum investment amount for Stockspot clients is $2,000.
How do I top-up my investments?
You can deposit money into your Stockspot cash account at any time via BPAY or electronic funds transfer (EFT) from your bank account. Our system will automatically invest the funds into your portfolio when your bank has processed the transfer. The transfer of funds can take up to 2 business days to clear - your bank should be able to tell you how long the transfer will take.
Once the funds have been cleared they will be invested within 3 business days as long as the balance of your cash account is more than the minimum amount required for portfolio top-ups. Smaller deposits will continue to earn interest in the bank account until the minimum balance is reached.
||Minimum cash balance required for portfolio top-ups
|$0 to $50,000
The minimum amount helps ensure we maintain a small percentage of your investment balance in cash, and all investments are made in ‘marketable’ denominations under ASX rules.
Do I need to let you know once I've made a transfer or deposit?
There is no need to notify us as our system will automatically invest the funds into your portfolio once your bank has processed the transfer. The transfer of funds can take up to 2 business days to clear - your bank should be able to tell you how long the transfer will take.
Once the funds have been cleared they will be invested within 3 business days as long as the balance of your cash account is more than the minimum amount required for portfolio top-ups.
||Minimum cash balance required for portfolio top-ups
|$0 to $50,000
The minimum amount helps ensure we maintain a small percentage of your investment balance in cash, and all investments are made in ‘marketable’ denominations under ASX rules.
How do I set-up a regular investment plan to transfer money into Stockspot?
You can set-up a regular investment plan by creating a periodic transfer or scheduled payment from your bank account to your Stockspot cash account.
Will I receive a confirmation when I've transferred money for Stockspot to invest?
You’ll be able to see the deposited amount in your investment dashboard once your bank has processed the transfer. We will then send you an email confirmation once the funds have been invested.
Is there a minimum amount required for each top-up?
You can top-up with as little or as much as you like. However the balance in your cash account needs to be greater than the amounts below before we make new investments. Smaller deposits will continue to earn interest in the bank account until the minimum balance is reached.
||Minimum cash balance required for portfolio top-ups
|$0 to $50,000
This helps ensure we maintain a small percentage of your investment balance in cash, and all investments are made in ‘marketable’ denominations under ASX rules.
How regularly should I top-up?
There is no limit to the number of top-up times or a requirement to make any at all. There are also no fees for topping-up. Dollar-cost averaging is a strategy to invest gradually over a few days, weeks or months. This helps reduce the impact of short-term moves in the market because you invest at an ‘average’ price over a period of time.
Where can I find my Stockspot cash account details?
You would have originally received this in an email titled "You're set up and ready to go". You can also find this in your investment dashboard under ‘Transfer money’ section.
Can I choose to leave a larger amount of cash in my Stockspot-linked cash management account (CMA)?
Typically we leave 0.5% to 1.5% of your investment balance in cash. Please contact us if you would like to keep a larger amount of funds in cash.
What’s the process for withdrawing my Stockspot investments?
You can withdraw your investments by requesting a withdrawal under ‘Transfer money’ in your investment dashboard. The process typically takes 5 business days in accordance with the ASX’s standard settlement timeline.
Can I request a partial withdrawal?
You can request a partial withdrawal as long as it’s for more than $2,000 and the remaining balance of your portfolio is also more than $2,000.
What fees will I be charged by Stockspot?
The fees charged will be dependent on your fee tier. Please refer to our fees page for more details.
Are there any other fees that I will need to pay?
Each ETF issuer charges a management fee which comes out of the unit price. The average ETF fees across the Stockspot Model Portfolios are 0.26% to 0.28% per year. These are indirect costs, which come out of the ETF unit price and are not charged by Stockspot. At approximately 0.3%, that’s about $30 per year for a $10,000 portfolio.
Will I pay additional fees if I invest more regularly?
No, all brokerage and execution charges are covered by our service. Our fees are calculated monthly based your average investment balance over the month.
Do you charge exit fees?
We never charge entry or exit fees.
Do you pay commissions to advisers?
No. We don’t believe kickbacks or commissions are in the best interest of clients as these cause a conflict of interest.
Will I receive dividends from my Stockspot investments?
Yes. The Stockspot portfolios accrue dividends and distributions which are paid quarterly. Please refer to our portfolios page for the estimated distributions paid by the Stockspot portfolios. Please note that past returns are no assurance of future performance as distribution income varies each year.
Are dividends reinvested or paid out?
Dividends are automatically reinvested and used to rebalance your portfolio. You can elect to receive your distributions as income rather than have them re-invested by changing your rebalancing setting to ‘Pause rebalancing’ under 'Portfolio' > 'Update investment strategy' in your investment dashboard, and then making withdrawals when income is received.
Can I elect to receive dividends as cash rather than re-invest them?
You can elect to receive your distributions as income rather than have them re-invested by changing your rebalancing setting to ‘Pause rebalancing’ under 'Portfolio' > 'Update investment strategy' in your investment dashboard, and then making withdrawals when income is received.
Do I receive franking credits?
Yes. The level of franking credits will be indicated in your annual tax statements from us.
Can I elect to participate in a Dividend Reinvestment Plan (DRP) if one is offered by the ETFs I am invested in?
Since dividends are used to rebalance your portfolio we do not allow participation in DRPs.
Where can I see my latest dividends and distributions?
They will be visible in the ‘Transactions’ section of your investment dashboard. They are updated in the dashboard as part of our administration and tax reconciliation process each month.
Does Stockspot provide administration and reporting?
Yes - Stockspot provides several reports that are available online in the 'Documents' section of your investment dashboard.
What reports are available?
The following reports are available in the 'Documents' section of your investment dashboard:
- Annual investor statement (for preparing your tax)
- Investment holdings report
- Capital gains report
- Investment income report
What do the reports show?
The reports show important information including income received for the year, a summary of the performance of your portfolio, distributions received and capital gains.
Does Stockspot provide tax advice?
Stockspot does not provide tax advice. We have explained some tax considerations and lodging your tax return as general information. Please speak with your accountant or tax adviser about the tax implications before deciding whether to sell your existing portfolio or using a specific account type.
What is the W-8BEN US tax form?
Stockspot clients own investments in exchange traded funds (ETFs) that derive their income from the United States (US). These ETFs are subject to US withholding tax. For investors who are non-US residents, the good news is that the US withholding tax rate is typically reduced from 30% to 15% under the Australia/US Double Tax Agreement.
Read more: How to complete a W-8BEN in Australia
Can my accountant or adviser have view access to my portfolio?
You can give access to your accountant or adviser during the sign-up process, as well as via the ‘Manage access’ section of your investment dashboard. Your accountant or adviser will get view-only access to your portfolio to help with the preparation of your tax statements and any other financial advice.
Who are Stockspot’s service providers?
We are fortunate to have strong providers to help us deliver our service. You can find out more about them on our providers page.
Does Stockspot receive any kick-backs or commissions from our service providers?
We strongly advocate against receiving payments from product providers as we believe it causes major conflicts of interest in the industry and is bad for consumers. Our relationships with the service providers we use are clearly explained on our providers page.
Stockspot Partner Program
Who can join the Stockspot Partner Program?
If you are an accountant, financial adviser, planner or other provider of professional financial services approved by Stockspot you can become a Stockspot Partner and receive the benefits of the Stockspot Partner Program for you and your clients.
What's in it for my clients?
Your clients will get access to Australia's most sophisticated robo-advice software, education and support. We'll help manage their portfolio, educate them about investing and streamline their reporting to make tax time easier. Clients investing over $50k will get access to Stockspot Themes (tailored portfolios) and your clients can also access discounts based on your Partner tier.
What's in it for me?
Stockspot can help you have more meaningful conversations with your clients about their finances. You’ll see all of your clients in one place including their investments and personal profile. This enables you to watch them grow, track their goals and reach out when it's time to add value. You get a free subscription to our newsletter and research so you can discuss relevant topics with your clients. We give you access to your clients' tax reports which have franking credits and withholding tax already calculated to make tax time easier. You can pass on discounts and other benefits to build on your relationship with them.
What do I need to do?
We want to make your life easier so you can focus on building a more meaningful relationship with your clients. Stockspot manages all onboarding, AML/KYC, compliance, upfront and ongoing investment advice, the investment process, rebalancing and annual portfolio reviews.
How can my clients add me as their professional?
Your clients can add you when they join Stocksport, or if they are already a Stockspot client in the 'manage access' section of their investment dashboard. You will receive an access request notification in your professional dashboard when a client has added you. Remember to give them your registered email address so your clients are linked to the correct professional account.