Our platforms offer pre-funding

We believe that clients don’t want to wait for funds to be cleared before they’re invested - that’s why we pre-fund new investments, fund switches, tax relief and rebalancing to ensure your clients are invested faster and for longer.

All products benefit from pre-funding to ensure we invest your clients’ money without delay meaning their money is in the market for longer. Your clients have certainty and consistency regarding when rebates are paid and tax due.

New investments
For purchases linked to cheque and direct debit payments, abrdn places the deals immediately, rather than waiting for confirmation of cleared cash and it sweeps cash to ensure that there is sufficient money to pay for the purchases on the settlement date.

Regular contributions
Wrap and Elevate will make investment trades requested on the date each regular contribution is expected. By pre-funding investment purchases, there is no need to wait while money clears and clients are not disadvantaged if there is a delay with a direct debit payment being made to Wrap and Elevate.

Fund switches
Once we have the unit price we place the buy trade at the next valuation point after the sell trade has confirmed. We’ll pre-fund the buy trade if there’s non-receipt of funds from the sell trade or the buy trade has a shorter settlement cycle.

Rebalances
For on platform rebalances we place the sell trades and buy trades at the same pricing point meaning there’s no out of market time. We’ll prefund buy trades where the proceeds from the sell trades haven’t yet been received.

Tax relief on personal pension contribution
Tax relief on contributions made into the Wrap SIPP are pre-funded so relief is applied at the same time as the net contribution. We apply the tax relief at source and reclaim from HMRC later.

If you would like to know more on how Wrap and Elevate can support your business, visit our Why Wrap and Why Elevate or get in touch with your usual abrdn contacts.

The value of investments can go down as well as up, and may be worth less than originally invested.