Hub24

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From the Main Toolbar, go to Connect.
Select Manage data feeds from the list.

Under the Wraps and Platforms section, select Start Using.

 

Hub24 Activation


  1. Authority process: For HUB24 feed authorisation, please email admin@hub24.com.au asking for a data feed for BGL Simple Fund 360. HUB24 will send you an authorisation form to fill out, sign and return back to HUB24.
  2. In Simple Fund 360, the adviser details will need to be recorded in your firm's Adviser Management screen. These will then be linked to the feed setup in the next tab.

Setup Hub24 in Simple Fund 360


  1. From the Wrap and Platform Feed Management screen, select Add Feed.

  2. The Setup Wrap and Platform Feed screen will appear. Begin typing the fund name into the field and select it from the drop-down list below.

  3. Select Hub24 as the Feed Provider.

  4. Input the External Reference/Account ID.

    Input the 8 digit Account iD.

    Note: If data has been entered manually for this feed prior to its activation, input a Do not import data before date in the relevant field to the last date of manual data entry. 

     

  5. Select the Bank Account for the fund the authority is being granted for (authority will need to be granted for each bank account).


    If there is no bank account linked to Hub24. A Dummy Account can be entered into SF 360 for the wrap to be set up - as this is a dummy account, no actual bank accounts will be involved, and no transactions should be pulled through and the account should remain null. 
  6. Import Distribution Components. Select Screen_Shot_2019-05-29_at_3.26.27_pm.pngto have the distribution tax components imported into Simple Fund 360. Users can turn this function off to allow flexibility to have all distributions imported with zero tax components and for users to enter in the tax figures at year-end
  7. Select Save.


     

Feed Commencement


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.

SF360 will automatically load transactions from the date of activation. Activation can take up to one business day for data to be uploaded into Simple Fund 360. Historical data can be imported via a re-request.

What is Imported?


The following information is imported through the data feed:

  • Investment movements (purchases and disposals)
  • Investment income (dividends, distributions and franking credits)
  • Cash transactions

How will transactions be coded?

All cash, income, 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 and Income transactions will be automatically matched to their corresponding Cash transactions by Simple Fund 360.

Investment transactions will also match with their corresponding income transactions (for example, Dividend/Distribution Reinvestment Plans).

Any Cash transaction that is not investment related (e.g. an expense) will be automatically matched once a Transaction Matching Rule has been set up.

Which transactions will not be matched?

Transactions such as expenses will not be automatically matched by Simple Fund 360 unless you have Transaction Matching Rules set up. You can match those transactions through the Transaction Matching screen and create Transaction Matching Rules if applicable.

Re-Request


  1. Under the Tools column, select the fund(s) to complete the re-request for.
  2. Select the  button.
  3. 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.

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

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