The Rask Invest account opening process is 100% online and (unless you are investing via a family trust) you do not need to send through or attach any paperwork. Let's get going.
Information you need to invest
Please select the entity type you wish to open a Rask Invest account under.
Getting the right holding structure is really important. That's why Rask Invest has been created to handle all of the common investor types. This article helps you understand what information you'll need.
Confused about how to apply as a company, trust, SMSF or minor account? Follow the Rask Invest guide for different investor types.
Individual
Individual
Joint
Joint
SMSF
SMSF
Trusts (family trust, discretionary trust, etc.)
Trusts (family trust, discretionary trust, etc.)
Children (minor's) account
Children (minor's) account
How to invest via a company (Pty Ltd), SMSF, Minor or Trust
Investing via a company or SMSF can be set-up online in Step 2 of the onboarding process.
Steps:
Select the drop-down tab for "investor type"
Select your Rask Invest account type (note: some options like SMSF or minor accounts can be toggled at the top)
Select "update"
Continue your application
Select Dropdown
Toggle for extra Investor types
Depending on the type of account, you will require different types of information to verify your account. It can take a few days from application to being fully invested.
Setting up an automated regular contribution via direct debit
This can be done via the application form or when your account is up and running via the Investment Preferences section. From the application, under your bank details click the + sign to open the direct debit request form and type in the amount you wish to contribute each month.
Can I save my application and resume it later?
Yes you can! Your application will be automatically saved. Next time you login to Rask Invest you'll see the application progress bar and you'll be able to jump right back in.
How do I set up my dividend preferences?
The default for your account is to have the dividends reinvested. To have the dividends paid out head to the Investment Preference section when your account is open and turn on the Income Sweep. Make sure you scroll down and click save!
I've submitted my application but I need to change some of the information
To submit a change you will need to email us at invest@rask.com.au.
There will be some instances where we will need you to complete a new application. This is most common when investors select the wrong trustee type for an SMSF or other trust. E.g. an investor selects individuals as trustee rather than a company as trustee. Our team will let you know if you need to complete a new application.