How does the portfolio work?

Within Invest Direct, you manage your own portfolio. Although, it is managed yourself, any transactions you make through us will be recorded.
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​Is a position missing from your Portfolio?
You may need to manually update your Portfolio if you have purchased shares through a New Issue, or were subject to a Bonus Issue, Rights Issue or share split/consolidation, or if you have received a Cash Dividend.
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Why isn't the portfolio updated for you automatically? This is because with us, your shares are directly registered with the share registries, and we only check your balance when you are transacting.
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If you want us to do a portfolio reconciliation for you, feel free to give us and email and ask. This could happen if you've been a customer for a very long time through ANZ Securities/Direct Broking and have had historic incorrect balances or are a brand new customer and want to see your existing holdings.
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​How to adjust your portfolio
To make amendments to your portfolio, enter the portfolio, select movements and then choose new movement.
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​To add an company, type in the stock code, select the movement type (e.g. Buy), record the date you were allocated your shares, and the quantity you were provided. If you can recall the brokerage and other fess you may have been charged at the time you can record these too, though they are not compulsory. When you're done, click submit.
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​Portfolio Cost Price Calculation Method
​Our running cost price approach to determining the cost price involves maintaining a dynamic weighted average cost per share. Here's how it works:
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​Buy Transactions:
​When you buy, we calculate the weighted average cost per share by considering both the existing shares in your portfolio and the newly purchased shares. This means that with each buy transaction, we update the weighted average cost per share based on the total cost of all shares owned after the transaction.
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​Sell transactions:
When you sell, we reduce the quantity of shares sold from the total shares bought, but we maintain the cost per share constant. This implies that although the number of shares decreases upon selling, the cost per share remains unchanged from the time of purchase. We do not recalculate the cost per share when selling shares; instead, we utilise the original weighted average cost per share determined at the time of purchase.
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The running cost price method provides transparency and accuracy in monitoring your investment's performance by accounting for historical purchase costs.