Getting Started
Save time and money with investment portfolio solutions in Australia
Here at Financial Shoebox
we aim to make the process of working with us and organising your investment portfolio as easy as possible. For your convenience, our services are available anywhere in Australia. Feel free to read about the set up process.
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Providing the data
The acquisition costs and dates of all investments in your portfolio will need to be forwarded to us, preferably in electronic format, such as Excel spreadsheet.
This data needs to cover all investments either currently held or disposed of after the start of the first year for which tax or performance reports will be required. For example, if tax information is needed for the past two tax years, then we will need to know both the purchase and sale details for all investments sold in that period and net of brokerage costs, as well as for current holdings.
If the data is not available
If good information is not available, we may be able to closely reconstruct the portfolio. For example, the system holds historical closing prices and details of corporate actions like share splits, mergers and bonus issues.
This means quite accurate reconstruction is possible, even if the only data available is a purchase date and current holding.
Dividend information
Please note that dividend information will not be required, as the system holds historical dividend information and will correctly calculate and reconstruct the entire history of dividends, including tax components such as franking credits.
Contact details
A letter will be emailed to you asking for contact details, broker links and so on. A second letter will be sent for the purposes of your broker, who will need to complete it. It will instruct them to send, each day, all contract notes relating to all your future purchases and sales.
These details will be entered automatically into the system and included in your portfolio reports overnight, with no action required from you.
Final steps
After these steps are completed, you will be assigned login details to this website. From there, details of your portfolio will be available 24/7, with current valuations and complete histories of transactions, corporate actions and income receipts. A full set of reports will enable you to see your tax position.