What is a Phased Investment?

A ‘Phased Investment’ instruction enables cash to be invested over a period of between 3 and 12 months. This is an alternative to a ‘Single Investment' where all monies are invested into the market immediately.

The minimum monthly Phased Investment is £1,000.00

A lump sum, top-up or cash transfer contribution is keyed in via the portal, this creates an Expectation ready for bank matching and validation once the cash arrives. 

Upon arrival and successful matching of the full expectation, the Phased Instruction will commence 

The cash is held back from immediate investment and the amount of cash in the Phased Instruction will reduce every month as cash is invested.

Important Notes: 

The Phased Instruction only commences when ALL the expected cash has been received. Where the cash for phasing has NOT yet been received, other actions such as Regular Contributions and Transfers will not be invested. So wherever Phasing is being instructed it is best practice to ensure the expected cash is sent as soon as possible, thereby avoiding delays and impact on other.

The phase date will always be the date the account is created so if the cash arrives 2 weeks after the account is created, the first phase will invest an initial amount straight away, and then the next phase will invest at the next monthly date.

Example

• Account created 01/12/2025
• Cash arrived 16/12/2025
• Cash matched and first phase invests 17/12/2025
• Next phase date set to 01/12/2026

A ‘Phased Investment Style’ can be instructed for Lump Sum Contributions and CASH Transfers as part of any Account Opening journey or Top-Up in the Portal - using the dropdown menu in the Contributions Step:

Where there is no existing Phased Investment Instruction on the account, and the contribution is for a known value with no tax relief due, you can create a Phased Investment in the standard manner using Add/Amend Contributions. 

No Freshdesk contact or subsequent amendments will be required provided cash is received as expected. 

Please ensure you check carefully that the intended actions have taken place as expected.

Please note: For any SIPP personal contributions, phasing will only apply to the contribution amount and not tax relief.  Tax relief will be fully invested when it arrives.

Existing Accounts- Add/Amend Contributions & create a NEW Phased Investment Instruction (where there is an existing Phased Investment Instruction in place):

The platform only currently supports one Phasing Instruction.

If you require an additional contribution to be added to the existing Phase, then it must be amalgamated.

Input the contribution via the portal but still select phasing (the number of months you select will be ignored as the phases will amalgamate and the phasing will be based upon the existing phasing schedule). Upon receipt of money, use the Manage Phased Investment tool to increase the monthly values and remaining months as applicable.

Manage Phased Investment Functionality

If an account has an ongoing phased investment, it will state “Phased” in the Investor Global View and Manage Phased Investment will be available in the All-Account Actions drop down (Double cog icon)

Selecting this will allow amendments to the monthly investment values and number of months remaining:

If a phased investment is to be discontinued and all outstanding cash to be invested, use the Manage Phased Investment tool via the portal. See screenshots above.  Update the “Estimated Remaining” value to zero and select “Stop Phased Investment”. An additional window will appear with the option to instruct an ‘invest surplus cash’ or ‘Leave as Cash’:

1. Use the Manage Phased Investment tool on the GIA account to reduce the “Estimated Remaining” value by the amount you wish to Bed & ISA PLUS some additional cash to cover fee requirements (Buying Power will be running during this instruction and will top up the cash held back for fees). Portfolio Effect can be used to check the sum required.  
2. Reduce the number of remaining Phases as appropriate.
3. Submit the Bed & ISA instruction in the usual way 

REMINDER: The Manage Phased Investment tool will not display if there is no existing Phase in place. So, SS&C Hubwise will need to intervene at point 3) as follows:

1. IFA Firm should use the ‘Update Ring-fenced Cash’ function to protect the cash required.
2. IFA Firm to raise a Freshdesk ticket to request the Manage Phased Investment tool. 
3. SS&C Hubwise will then instruct a back-office Phased movement for the value of £0.01 so that the managed phased investment tool can be made available.
4. IFA Firm can then instruct as required via the Manage Phased Investment function AND reduce the ring-fenced cash to zero.