Before you start
Have the following information ready:
- Order type: one-off or standing
- Start date: required for every trade
- For standing buy or sell orders: frequency and, if needed, an end date
Check existing standing sells
If your client has an existing standing sell and you are changing their investment strategy, cancel it before setting up a new standing sell instruction.
Place the trade
Step 1
Select Quick actions next to the product you want to trade.
Or go to Dynamic menu > Product actions, select the product, then select Trading.
Step 2
Select Buy, Sell or Switch.
If you used the Dynamic menu route, select the required action from Choose trade action
Step 3
Enter the trade details
The 95% rule
If a sell or switch-out cash value is equal to or greater than 95% of the current holding value, Wrap changes it to a proportion of units. This helps prevent the client selling more units than they own because of market movement. For example, selling £95 from a £100 holding updates to 100%
Step 4
Set up the order
For every trade, complete:
- Order Type (one-off or standing )
- Start Date
For standing buy and sell deals, also complete:
- Frequency — monthly, quarterly or yearly
- End date — if you choose an exact date, make sure it is at least 5 working days after the last trade.
Protected assets
A sell or switch instruction includes protected assets. Any protected assets are shown on screen for your information only.
Step 5
Review and confirm the trade
Complete the relevant fields, then proceed to review the trade. Continue to confirmation to place it.
Timescales
Aberdeen aggregates deals placed in a fund and sends the fund manager one instruction. This is known as pooling. Pooling timescales vary - it may happen the night before or as little as 15 minutes before.
| Authorised | Your request is submitted. You can still cancel at this point. |
| Pooled | Deals are aggregated and final checks carried out. You can no longer cancel. |
| Placed | The request is with the fund manager, awaiting price confirmation. |
| Settled | Price confirmation has been received from the fund manager. |
| Completed | The deal can still take 2–3 working days to fully settle. |
View the trade status at Dynamic menu > Orders >Deals/Switches
| Settlement timescales | |
|---|---|
| Mutual funds | Date placed + 4 working days |
| Insured funds | Date placed +2 working days |
For Mutual Funds, you can see the settlement date on the contract notes.
View or cancel your client's trades
If you cannot cancel a fund trade
This may be because the client no longer holds the fund. To have it removed, contact the Client Engagement Hub on 0345 279 1001 for Wrap or 0345 279 2002 for Fundzone.
