Providers

Stockspot is fortunate to have strong providers to help us deliver our service. Here we explain our relationship with various companies and the services they provide our clients.

Macquarie is a provider of banking, financial, advisory, investment and funds management services with more than 70 offices in 28 countries.

Services providedMacquarie provides the Cash Management Accounts (CMA) that form part of the Stockspot investment service. Each Stockspot investment portfolio is linked to a Macquarie CMA. All dividends and distributions are paid into the CMA and fees are withdrawn from the CMA.
Why they were selectedThe Macquarie CMA is the most popular Cash Management Account in Australia for investors and Self Managed Super Funds (SMSFs). Macquarie CMAs have no account keeping fees, a competitive interest rate, and the ability to make deposits via BPay, Electronic Funds Transfer (EFT) or over the counter at NAB branches. This enables Stockspot clients to easily add to their portfolios at any time.
FAQs

Do Macquarie CMAs have a minimum investment of $5,000?

No. The minimum investment is $2,000 for all Stockspot accounts.

Does Stockspot receive any commissions from my CMA?

No. We refund all adviser commissions so you receive the best possible interest rate.

Can I use an existing Macquarie CMA for my Stockspot portfolio?

No. The Stockspot investment service is independently audited so all clients need a separate CMA attached to their Stockspot portfolio.

Macquarie Bank have emailed me to say that my identity has not been verified yet. What do I need to do?

Nothing. We will let you know if further identification is required.

Can I set up a bank transfer into my Macquarie Bank account?

Yes. You can set up a regular funds transfer online from your regular bank account so that we can make ongoing investments for you.

Why does Sanlam need a general authority on my CMA?

This enables the MDA Operator (Sanlam) to transfer funds to your linked bank account when you want to withdraw from your Stockspot investments. It also enables fees to be deducted monthly.

Why does Sharesight need an enquiry authority on my CMA?

This enables our administration provider to capture your cash balance which is used to calculate your total portfolio value each day.

How they are paidMacquarie CMAs have no account keeping fees. We do not pay Macquarie or receive any payment from them. Trailing commissions are rebated to you, the client, in line with the Future of Advice Reforms (FoFA) to enable you to receive the best possible interest rates available.

Sanlam Private Wealth provides integrated wealth management solutions for individuals and their families, trusts, charities and corporates in the UK, South Africa, Western Europe and Australia.

Services providedSanlam Private Wealth Pty Ltd (formerly Calibre Investments) is the Operator of the Stockspot investment service and is regulated by ASIC. Sanlam oversees the Stockspot service, and also provides Stockspot with compliance and business infrastructure.
Why they were selectedSanlam are an experienced MDA Operator and manager of investment services in Australia, led by Werner Stals. Werner was the former CEO of investment bank ABN Amro in South Africa.
FAQs

Why does Sanlam need a general authority on my CMA?

This enables the MDA Operator (Sanlam) to transfer funds to your linked bank account when you want to withdraw from your Stockspot investments. It also enables fees to be deducted monthly.

How they are paidSanlam receive a share of Stockspot fee revenue for their services.

Desktop Broker is one of Australia’s largest online share brokers.

Services providedDesktop Broker provides the Execution and Account Clearing function that form part of the Stockspot investment service.
Why they were selectedDesktop Broker is a reliable trading platform, purpose built for advice businesses like Stockspot. Their platform enables us to invest for our clients each day and manage communications with the ETF registries.
FAQs

Does Desktop Broker charge brokerage fees?

No. Brokerage and execution charges are included as part of the Stockpot service.

In the Broker Agreement there are some other fees outlined. What do these relate to?

These fees are not relevant to the Stockspot service and relate to other services Desktop Broker provides, like stock transfers.

Can I use a HIN (“Holder Identification Number”) that I already have?

No. The Stockspot investment service is independently audited so all clients need a separate HIN for their Stockspot portfolios. Clients remain the beneficial owners of all investments utilising their own individual HIN.

How they are paidDesktop Broker is paid directly for execution and clearing. This is included as part of the Stockspot service.

Class provides online portfolio management and administration software for individual investors and Self Managed Super Funds (SMSFs)

Services providedClass provides portfolio administration software to Stockspot.
Why they were selectedClass Super is the leading cloud software for administration of SMSFs. Thousands of accountants across Australia rely on Class Super to quickly and efficiently administer over 100,000 SMSFs. We partnered with Class to enable a wide range of Stockspot partners (including accountants, administrators, financial advisers and auditors) to manage their clients' SMSF portfolio administration and reporting needs from a single system.
FAQs

I am already a Class user. How can I recommend Stockspot to my clients?

Please contact us at enquiries@stockspot.com.au for more information about the Stockspot Partners Programme.

How can I view my client portfolios via the Class app?

If you are an accountant or financial adviser, your Stockspot clients can request for us to give you to have access to their portfolio in Class. This will enable to you seamlessly manage their tax and reporting needs.

How they are paidClass is paid directly for portfolio administration. This is included as part of the Stockspot service.