If you are an existing investor you would open a new InvestSMART Professionally Managed Account (PMA) is if you are investing via a different entity, for example you have a personal account but also wish to invest in joint names or an in your self-managed super fund, or if you are wanting to invest in multiple diversified portfolios.
As an existing investor you can add funds to your existing PMA or add a new investment portfolio to your PMA via the Add Funds feature in My Account.
Here are some examples of when you would open a new account:
You're a new client with no account
You want to change or open an account under a different legal entity like a company, trust, or SMSF
You want to add your partner as a legal owner
You want to invest in multiple diversified portfolios
You previously closed your account