What should be entered as Shares/Managed fund
The following should be added under Shares/Managed fund:
International and Australian Shares
Managed funds - you can choose from a variety of investment profiles (e.g. Balanced, Growth) with pre-filled assumptions for the returns and fees
Exchange traded funds (ETFs)
Shares and managed funds can be owned by:
an individual or individuals
a Trust (Optimo Financial SDS only)
Do not enter under Shares/Managed fund:
Superannuation investment options - This should be entered as Superannuation (a.k.a Super), on the Super & Trusts step.
How to add Shares/Managed fund
To add shares/managed fund owned by an Individual or Individuals:
If it's already owned - Go to the Current situation step (top menu) and then choose the Assets & Loans sub-step. Then click the Add assets button (on the left) and choose Shares/Managed fund
If it's recommended or new - Go to the Cashflows & Goals step (top menu) and then choose the Review assets & loans sub-step. Then click the Add new assets & loans button (end of the page) and choose Invest in shares/Managed fund
To add shares/managed funds owned by an SMSF or Trust:
If it's already owned - Go to the Current situation step (top menu) and then choose the Super & Trusts step
Add the SMSF or Trust, then click the Add investment to SMSF or Add investment to Trust button
Modelling options for Shares/Managed fund
Take out a new investment in directly owned shares or a managed fund
Make deposits or withdrawals from a directly owned managed fund
Reinvesting dividends (or not)
You can specify what percentage of the dividends must be invested using the % income reinvested field, which is on the Shares/Managed fund form.
If you have a dividend reinvestment plan (DRP), then for the % income reinvested field, put '100'.
Franking credits are included in the assumptions for the Investment profile you have chosen. For more information see Understanding franking credits for shares/managed funds.
To find out what default returns are being used (i.e. dividends, growth, franking credits), go to the Results > Strategy summary. (for more information see How to see and edit the assumptions). If you would like to use different assumptions, please contact Optimo Financial.
If several packets of shares have been purchased, and you don't mind a less precise CGT calculation if they're sold, it's not necessary to enter each packet separately, you can work out the total balance, and then enter a single Shares/managed fund item.
Results for Shares/Managed fund
For directly-owned shares/managed fund see Shares/managed fund results.
Strategy Development Service (SDS) and Background adjustment options
If the case includes complex analysis that you are not able to do in Pathfinder yourself, Optimo Support may be able to do some background adjustments to help you get the results you need. Depending on the complexity, this may be included as part of the standard support or additional charges may apply. For more details, please see Modelling outside the scope of Pathfinders' standard modelling.
Some examples of things that are outside the scope of Pathfinder's modelling and how Optimo support can help, are listed below:
What to tell support
Situations where additional charges may apply
Adjust assumptions (e.g. income, growth, fees)
By default, Pathfinder fills in assumptions for shares/manged funds based on your selected profile.
We can typically do this adjustment as part of support as a one-off, for a trial case or as part of a workaround.
If you regularly want to use different assumptions from the Optimo defaults, then you can contact support and request to set up custom assumptions (where additional charges may apply).
Options for borrowing (including margin loans)
You can add loans to shares/managed funds, however, the borrowing may not be what you expect (too high or too low)
More precise controls of deposits, withdrawals and balances
There are many options available in Pathfinder to control dposits, withdrawals and balances for shares/managed funds, however, if you are not able to get the results you are looking for, then support can apply a background constraint.
Keeping the balance of directly held shares/managed funds in proportion with another investment
For example, 40% international shares, 40% Australian shares, 20% cash.
Additional charges may apply depending on how mcuh work it is to implement (e.g. if they are several investments)