Interesting use of the term "rightfully". With FUA of $10B or so client cash of around $400m that's a relatively modest 4% or so of FUA.
You must be a pretty entitled soul to believe that SelfWealth should pool that up and give you a slice at something above the cash rate. There's nothing stopping you withdrawing your own cash you know. I'm around 20% cash at the moment. Much of that is in high interest but I have no problems whatsoever leaving 5% or so on platform as I progressively tip it into the market as we get closer to EOFY.
That's my decision. To the extent that SelfWealth can make a few dollars on that to support the platform and keep brokerage low I'm more than happy for them to do so.
Why you leave your cash there (or are concerned about others doing so) and then choose to come here and complain about it and suggest the interest should go elsewhere is a question only you can answer.
Interesting use of the term "rightfully". With FUA of $10B or so...
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| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
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| 2 | 77858 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 13.0¢ | 136144 | 7 |
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| Last trade - 16.12pm 14/06/2024 (20 minute delay) ? |
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| 12.5¢ | 12.5¢ | 12.5¢ | 5797 | ||
| Last updated 12.33pm 14/06/2024 ? | |||||
| SWF (ASX) Chart |
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