When a trade is placed on platform, it will show on the transactions list and this will have the status of Pending, which means the order has been placed, and at this point it is not possible to reverse it. ETI's/ETF trades are aggregated; Sell orders are placed at 3pm and Buy orders are placed at 3:15pm.

All other fund types are traded throughout the day - the valuation point will vary from fund to fund, as will the cut off point for the order. The most frequent VP we see is 12pm, with the cut off being 1 hour prior to this. If you require information about a specific fund, please get in touch with us at servicecentre@soderbergpartners.com.

Where you are conducting a switch between two funds or a rebalance, the linked trades i.e. the buys, will generate in the transactions list with a ‘waiting’ status. It is possible to delete the trades at this point.

We operate contractual settlement, which means the system will match the settlement date of the buys and sells to minimize the client’s time out of the market. Traditionally, for a switch or rebalance, you would have to wait for all of the sales to settle before the buys can commence. On our platform, once we have the contract notes back from the fund manager for the sales, we can trigger the buys before we have received the sale proceeds. Dependent on the funds, we would expect a buy or a sell to take approximately 4/5 working days, and a switch or a rebalance to take approximately 5/6 working days.