Feed Type |
Cash Movements (Bank Transactions) |
Investment Movements (Buys & Sells) | Income Movements (Dividends & Distributions) | Historical Data |
| Automated |
Overview:
BGL has integrated with LGT Wealth Management to provide users with an automated, daily data feed.
The following information is imported through the data feed:
Investment movements (purchases and disposals).
Income transactions (dividends, distributions and bank interest).
Bank transactions.
Foreign holdings and foreign currency data.
Authority Process
To authorise a data feed from LGT Wealth Management into Simple Fund 360, an authority form will need to be completed.
The authority form can be obtained via the Wrap Feed Setup screen (see below). Please email the completed authority form to lgt.au.clientservices@lgt.com. A copy of the authority form is also available here
Setup
To set up an LGT Wealth Management Limited data feed within Simple Fund 360, please navigate to the Feed Management screen and follow the below instructions.
| From the Main Toolbar, hover the cursor over Connect. |  |
| Select Feed Management from the list. | |
| Select the Wraps and Platforms Global tab. |
Within the Feed Management screen, click the blue ( + ) Setup button.
Entity - Ensure that the correct entity has been selected.
Feed Provider -Select ‘LGT Wealth Management Limited’.
Account ID - Input the Account ID for the wrap account.
Bank Account - Select a Bank/Cash Account to link to this feed.
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 - Clicking on ‘Download Form’ will generate an authority form which needs to be completed for BGL to receive a data feed (see ‘Authority Process’ tab).
Holding Accounts Report - Once BGL has begun receiving a data feed for the account, users can generate an excel report which displays all asset accounts and corresponding Security Codes and Portfolio Codes. This can assist with the Account Mapping process.
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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. If this results in duplicate asset accounts, please refer to our help article Wrap Feed has created duplicate accounts?
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Security Code (cash accounts): The security code will be one of the following…
Non-Margin Lending AUD cash accounts use the code MACC.CMA.AUD
Margin Lending AUD cash accounts use the code MACC.CA.AUD
Foreign Currency cash accounts use one of the code formats above, however replace ‘AUD’ with the relevant foreign currency (e.g. MACC.CMA.USD, MACC.CA.HKD, MACC.CMA.GBP).
Portfolio Code: Enter the LGT Crestone Portfolio Number within the Portfolio Code field for any bank and investment accounts that is associated with the wrap portfolio.
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Save - Click this button to ensure that any changes made are saved.
Frequently Asked Questions
Yes, historical transactions and balances are also requested provided upon the inception of the feed.
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.
How will the 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.
For purchases of new investments not previously held by the fund, new accounts will be created and transactions will be automatically allocated. This is provided that the user hasn’t already created a sub-account for the investment and mapped it to the feed.
Dividends and distributions will be coded to the accounts 23900 and 23800 respectively using the ASX codes. Interest income will be coded to the linked 25000 interest account.
In Account Mapping, what is the Security Code and Portfolio Code?
Security Code (cash accounts): The security code will be one of the following…
Non-Margin Lending AUD cash accounts use the code MACC.CMA.AUD
Margin Lending AUD cash accounts use the code MACC.CA.AUD
Foreign Currency cash accounts use one of the code formats above, however replace ‘AUD’ with the relevant foreign currency (e.g. a USD non-margin lending account would be MACC.CMA.USD).
Portfolio Code: Enter the LGT Crestone Portfolio Number within the Portfolio Code field for any bank and investment accounts that is associated with the wrap portfolio.
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?
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).
Income movements (Dividends and Distributions) and the corresponding Bank movement(s).
Any transactions which have not been automatically matched or coded by the system will need to be actioned manually.
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.