Q: What happens when I purchase an ETF or portfolio?

When you purchase an ETF through BIgwig you are buying a "security" (like a share) on the Australian Stock Exchange. The ETF belongs to you. To ensure we know who owns this ETF you are issued with a "HIN", a Holder Identification Number. This HIN will allow you to sell the ETF through any stock broker if that is what you want. When you tell us you want to buy the ETF we will purchase it on the market at the best available price (See Best Execution) and then debit your linked Cash Management Account by the value of the purchase plus the brokerage fee and any applicable duties.