Overview
Simple Fund 360 has direct integration available with Mason Stevens, importing the following data via the Wrap Feed:
- Investment movements (purchases and disposals)
- Income transactions (dividends, distributions and bank interest)
- Bank transactions
- Foreign market trades and foreign currency bank transactions.
Authority Process
Email
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Dear Mason Stevens, Can you please setup the following accounts, including historical data, for the BGL SF360 feed.
Kind regards, |
You can request activation for multiple accounts in the one email. Historical data will be requested as well.
Setup in Simple Fund 360
From the Main Toolbar, go to Connect. | |
Select Feed Management from the list. |
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Select the Wraps and Platforms Global tab. |
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- From the Wrap and Platform Global tab, select (+) Setup..
- The Setup Wrap and Platform Feed screen will appear. The fund name will appear in the Fund field.
- Select Mason Stevens as the Feed Provider.
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Input the Account ID.
The Account ID to input is the Mason Stevens’ Account ID followed by the Portfolio Code.
There are two account formats that Mason Stevens provide:
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- Migrated Account (ExternalAccountID/PortfolioCode)
- Native Account (AccountID-PortfolioCode)
To identify which type of account you are setting up, log in to Mason Stevens and navigate to the Account details screen and check if you have an ‘External account ID’ section:
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- Yes: The account is Migrated Account
- No: The account is Native Account
Then, follow below steps to obtain the correct Account ID to be entered into SF360.
- Take note of the ‘External account ID’
- Then navigate to the Product Details section > Portfolio ID column, and take note of the 3 digits portfolio codes i.e. the values after the hyphen ‘-’
- Combine the ‘External account ID’ + ‘/’ + the portfolio codes
- You will need to create a separate Wrap Feed for each portfolio that you wish to receive data for.
Example: BGL12345/001, BGL12345/002
- Navigate to the Product Details section > Portfolio ID column
- You will need to create a separate Wrap Feed for each portfolio that you wish to receive data for.
Example: MS1000002-001
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Select the Bank Account for the fund the authority is being granted for (authority will need to be granted for each bank account).
Potential Duplicate AccountsIf you do not set this up, the feed will automatically create new accounts and you might end up with duplicate accounts.
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Select Save. This step will need to be completed for each fund that will be using the Mason Stevens feed in Simple Fund 360.
Feed Activation
Once the feed has been saved, the feed will appear with the status Awaiting Transactions, with the toggle set to On. Do not switch this off.
Simple Fund 360 will automatically load transactions from the date of activation. Activation can take up to one month for data to be uploaded into Simple Fund 360, as Mason Stevens process accounts on a monthly basis. Note: If historical data has been requested this may also take up to 30 days to feed through.
Re-Request
- From within the Wraps and Platforms Global tab, select the fund(s) to complete the re-request for.
- Select the Re-request transactions button that has appeared at the top of the screen.
- From the Re-Request Transactions screen, input the dates Do Not Load Before (earliest import date) and Do Not Load After (last import date). Transactions within this date range will be requested and imported.
- Select Import.
Important
The re-request function can be used to import historical transactions.
Distribution transactions and tax components
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
FAQ
How will transactions be coded?
All cash and investment transactions will be allocated to the correct account in Simple Fund 360. For purchases of new investments not previously held by the fund, new accounts will be created and transactions will be automatically allocated.
Which transactions will be matched?
Investment transactions (purchases and disposals) will be automatically matched to their corresponding Cash transactions by Simple Fund 360. Dividends and distributions will be matched to account 23900 and 23800 respectively during upload using the ASX codes. Interest income will also be automatically coded to the linked 25000 interest account.
Can historical transactions prior to the feed activation be uploaded?
Yes. Historical transactions are requested upon feed activation for Simple Fund 360. Perform a transaction re-request to obtain historical data.
Post 30 Apr 2022 Migration
Effective 1st of May, Mason Stevens have migrated all accounts from their old platform to their new platform, Mason Stevens Global Investment Service.
BGL have been working closely with Mason Stevens to minimise disruption as much as possible and have taken the necessary steps to update the old external account IDs to the new external account IDs for our users in order for the data feed to function effectively.
For example:
Before the migration, the Mason Steven external account ID was BGL12345/SELF-DIRECTED - STD
After the migration on 30/04, the new external account ID is BGL12345/001.
Important
There are some data feed limitations that arise from the new platform for migrated accounts:
- If your Mason Stevens holds external Banking Product providers such as Macquarie and ANZ, the data will no longer be made available to you from Mason Stevens.
To handle this:
- Set up a direct Bank Feed with the banking providers. Please refer to BGL Bank Data Service page for detailed instructions (recommended)
- To fill in any data gap before the new bank feed is activated, please use the following instructions to export a bank CSV file from the Mason Stevens platform
On the Mason Stevens platform, clients should navigate to Cash hub > Banking transactions, select the linked CMAs from Banking product provider and there is an ‘Export to CSV’ feature allowing clients to download the cash transactions.
Please refer to Bank CSV Import for CSV import instructions.
NOTE: You will need to split the Debits and Credits into separate columns in order to import.
- Inception data is only available from 01/07/2021 onwards.
Data prior to 01/07/2021 will be posted as an ‘Opening Balance’ on 30/06/2021.