05-Sep-2010 12:14 AEST

Open an Account

JBWere offers clients three different types of accounts:

  • trading accounts
  • Goldman Sachs cash accounts
  • Goldman Sachs managed funds

Trading accounts

If you want to trade on the stockmarket, you need two accounts:


The share investment account is not a bank account as such; it's merely a formal record of your relationship with JBWere. To set it up, please call 1300 366 790.

The cash account exists so that you can deposit funds into it to pay for stock, or so we can pay the proceeds of any sales. To set up a cash account, refer to the instructions above.


Cash accounts

Cash accounts at Goldman Sachs are similar to bank accounts in that you deposit and withdraw cash, and earn interest.

Goldman Sachs offers two types of cash accounts:


To apply to open a:


Trading accounts

If you want to trade on the stockmarket, you need two accounts:


The share investment account is not a bank account as such; it's merely a formal record of your relationship with JBWere. To set it up, please call 1300 366 790.

The cash account exists so that you can deposit funds into it to pay for stock, or so we can pay the proceeds of any sales. To set up a cash account, refer to the instructions above.


Managed funds

Goldman Sachs Managed funds are investment accounts that allow you to buy units in a unit trust. The money you invest purchases units at the current unit entry price in the fund of your choice. Your money is pooled with that of other investors and used to acquire assets relevant to your chosen fund's investment policy.

To apply to invest in a managed fund, download the Goldman Sachs Funds Product Disclosure Statement and complete the enclosed application form.