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Feed Type |
Cash Movements (Bank Transactions) |
Investment Movements (Buys & Sells) |
Income Movements (Dividends & Distributions) |
Historical Data |
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| Automated |
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Overview
Simple Fund 360 has direct integration available with Mason Stevens, importing the following data via the Wrap Feed:
- Investment movements (purchases and disposals)
- Income transactions (dividends, distributions and bank interest)
- Bank transactions
- Foreign market trades and foreign currency bank transactions.
Authority Process
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Email
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Text
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Dear Mason Stevens, Can you please setup the following accounts, including historical data, for the BGL SF360 feed.
Kind regards, |
You can request activation for multiple accounts in the one email. Historical data will be requested as well.
Setup in Simple Fund 360
To set up a Mason Stevens data feed within Simple Fund 360, please navigate to the Feed Management screen and follow the below instructions.
Note
A separate data feed will need to be set up in the Feed Management screen for each portfolio. As such, please follow the below steps for each portfolio.
| From the Main Toolbar, go to Connect. |  |
| Select Feed Management from the list. |
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Select the Wraps and Platforms Global tab. |
Within the Feed Management screen, click the blue ( + ) Setup button to create a new feed.
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Entity Name - Ensure that the correct entity has been selected.
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Feed Provider - Select ‘Mason Stevens’.
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Account ID - Input the Account ID for the wrap account. For Mason Stevens, this is the Account ID followed by the relevant portfolio code.
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Take note of the ‘External account ID’.
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Navigate to the Product Details section > Portfolio ID column, and take note of the 3 digits portfolio. codes i.e. the values after the hyphen ‘-’ .
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Combine the ‘External account ID’ + ‘/’ + the portfolio code.
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You will need to create a separate Wrap Feed for each portfolio that you wish to receive data for.
Example: BGL12345/001, BGL12345/002
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Navigate to the Product Details section > Portfolio ID column
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You will need to create a separate Wrap Feed for each portfolio that you wish to receive data for.
Example: MS1000002-001, MS1000002-002
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Bank Account - Select a Bank/Cash Account to link to this feed.
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Do Not Import Data Before - Users can restrict the data that is imported by the feed by inputting a date. Clicking on the three dots will allow you to also enter a Do Not Import Data After date. If data has already been manually entered, this step will be necessary to prevent any duplication with manual work.
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Account Mapping - Users are required to link asset accounts to the feed to ensure that data is allocated to the desired asset accounts. If this step is not completed, the system will create new accounts to allocate the data to. If this results in duplicate asset accounts, please refer to our help article Wrap Feed has created duplicate accounts?
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Save - Click this button to ensure that any changes made are saved.
FAQ
The turnaround time will differ for each wrap and investment platform. If you do not receive a response within a week, please follow-up directly with the relevant wrap or investment platform.
No, historical data is not provided by Mason Stevens for wrap accounts.
Historical transactions can be imported through one of the following methods:
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Bank CSV Import - Can import AUD cash movements.
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Broker CSV Import - Can import investment movements (buys/sells) in listed companies Australia.
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BGL Excel XML File - Can import cash movements in numerous currencies, investment movements for all investment types, as well as income movements (dividends and distributions).
The system can automatically match the following types of transactions provided that the debits and credits reconcile between the transactions and that the transactions are recorded within a similar date range.
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Investment movements (Buys and Sells) and the corresponding cash movement(s).
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Income movements (Dividends and Distributions) and the corresponding cash movement(s).
Any transactions which have not been automatically matched or coded by the system will need to be actioned manually.
If the Account Mapping process had not been completed when setting up the data feed within Simple Fund 360, then the system will create new accounts to allocate the data to.
If this results in duplicate asset accounts being created, please refer to our help article Wrap Feed has created duplicate accounts?
Simple Fund 360 automatically updates wrap feed distribution transactions with their respective final tax components when the annual statement is made available.
For more information, please refer to Distribution transactions and tax components.
Post 30 Apr 2022 Migration
Effective 1st of May, Mason Stevens have migrated all accounts from their old platform to their new platform, Mason Stevens Global Investment Service.
As a result of this migration, the Account IDs for Mason Stevens accounts have also changed format.
For example:
Before the migration, the Mason Steven external account ID was BGL12345/SELF-DIRECTED - STD
After the migration on 30/04, the new external account ID is BGL12345/001.
Important: There are some data feed limitations that arise from the new platform for migrated accounts:
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If your Mason Stevens holds external Banking Product providers such as Macquarie and ANZ, the data will no longer be made available to you from Mason Stevens.
To resolve this:
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Set up a direct Bank Feed with the banking providers. Please refer to BGL Bank Data Service help page for detailed instructions (recommended).
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To fill in any data gap before the new bank feed is activated, please use the following instructions to export a bank CSV file from the Mason Stevens platform.
On the Mason Stevens platform, clients should navigate to Cash hub > Banking transactions, select the linked CMAs from Banking product provider and there is an ‘Export to CSV’ feature allowing clients to download the cash transactions.
Please refer to Bank CSV Import for CSV import instructions.