How to buy and sell funds

Each fund on the AJ Bell platform has a research page which includes essential information about the ongoing charges, dividend frequency and daily cut-off time for pricing. It is important you visit this page before buying a fund and you must also make sure you read the Key Investor Information Document. You will need to decide whether you would like to buy income or accumulation units during your research.

You can buy and sell funds by clicking the buy and sell buttons on the fund page,

or by visiting the ‘Buy and sell’ page from within your account. Here you can search for funds before clicking ‘deal’. You will then be asked to enter the details of your order. Orders in funds are not executed immediately but at the next valuation point. Each fund will have a cut-off time for dealing that day, and after that time, deals are executed the following day. First, select which AJ Bell account you would like to place this deal from. This will bring up your available cash balance. Then, choose if you are buying or selling.  

First we are going to look at buying a fund. Enter the amount of money to invest, and then choose whether you would like to include or exclude the dealing charges within this amount. You must confirm that you have read the Key investor information document and, where available, the supplementary information document. This document sets out the aims and risks of the fund as well as any initial and the ongoing charges payable. Clicking review order will give you a summary of your order, which shows the fund, the order type, and the price, consideration and the dealing charge. The price is indicative, based on the last known price, and the order will be placed at the next valuation point. The price you will pay will be confirmed on your contract note.

If you are happy with your order, click ‘submit order. You will then see an on-screen confirmation of your order.

Clicking ‘view active orders’ will show the current orders on your account, and you will be able to see the status of your order. The fund holding will appear in your portfolio when we receive confirmation of the price; this is normally the day after the deal has been executed.

If you wish to sell a fund, click ‘deal’ on the holding in your portfolio. You can then select ‘Sell’ or ‘Sell all’ in the buy/sell screen. If you select ‘Sell’, you can enter an amount of money you wish to raise, and you must specify whether you want this to include or exclude the dealing charge. You can also choose to sell an amount of units. Your current holding will be shown under the ‘Quantity’ box. Once you have entered all the details, click ‘Review order’. Review the information, and if you are happy with the fund details, consideration and dealing charge, click ‘Submit order.’

You will see a confirmation of your order, and by clicking ‘View active orders’ you can see the status of your order. Details of your fund sale will appear in your portfolio once we have received confirmation of the price, this is normally at the start of the next business day. Alternatively, you can select ‘sell all’ in the order screen, which will sell all of your current holding of that fund. You will see your current holding on screen.

Once we have received confirmation of the price, you will receive a secure message letting you know your contract note is available. The contract note shows the details of your purchase or sale, including the quantity, price and dealing charges.

If you have any problems placing your order, you can give dealing services a call on 0345 37 33 479, and they will be able to help you with your deal.