Cash Movements (Bank Transactions
|Investment Movements (Buys & Sells)
|Income Movements (Dividends & Distributions)
BGL has integrated with Ord Minnet, providing users with a daily, automated feed.
The following information is provided through the feed:
Investment Movements (Buys & Sells).
Cash balances and investment holding balances.
*Simple Fund/Invest 360 will still be able to automatically code dividend transactions using it's inbuilt ASX data feed provided that the cash movement has been recorded.
To authorise a data feed from Ord Minnet into Simple Fund 360, an authority form will need to be completed and returned to the Ord Minnet adviser.
The authority form is available on Simple Fund 360 within the Wrap Feed Setup page (see ‘Setup in SF360’ tab for more information) by clicking on the ‘Download Form’ button.
Alternatively, a copy of the authority form is linked here
Bank Account Requirement
Ensure that the bank account associated with your Ord Minnett portfolio has been set up in the Chart of Accounts in Simple Fund 360 prior to setting up the feed.
Please refer to Add a Bank Account for more details on how to do this.
Within the Feed Management screen, click the blue ( + ) Setup button to create a new feed.
Entity - After clicking on Setup, the fund name will appear.
Feed Provider - Select ‘Ord Minnett’ as the Feed Provider.
Account ID - Input wrap account number / ID.
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.
Authority Form - Download a PDF copy of the Ord Minnet authority form.
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?
Save - Click this button to ensure that any changes made are saved.
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.
If a bank account is already linked to a bank feed being received through the BGL Bank Data Service or through BankStatements.com.au, the system will not allow the user to also link this bank account to the wrap feed.
The user will need to change the Feed Provider of the bank feed to ‘None’, save these changes, and then link the bank account to the wrap feed.
Yes, historical transactions and balances are also requested provided upon the inception of the feed.
How can I import the historical data?
The historical data will automatically import when the feed begins operating. If the historical data had not automatically imported, please perform a re-request on the data feed.
How will transactions and balances be allocated?
Transactions and balances will be posted to the asset accounts that are linked to the data feed as per the Account Mapping.
Can transactions from the feed be automatically matched and coded by the system?
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.
Investment movements (Buys and Sells) and the corresponding Bank movement(s).
Simple Fund/Invest 360 will be able to automatically code dividend transactions using it's inbuilt ASX data feed provided that the cash movement has been recorded by the feed.
Any transactions which have not been automatically matched or coded by the system will need to be actioned manually.
The data feed has created duplicate accounts?
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?
How do I cancel the data feed?