This is my first post and I'm very new to the share market. I tried searching for my answers but I couldn't find anything that hit the nail on the head.
Here is my situation:
I have a company that was set up so that it could be licensed to operate another business. The profits this company generated got distributed through a discretionary family trust. (At the time it was just myself and my wife). I have since moved on to more satisfying work where I am director of another company with a partner.
So my original company and family trust have not been used in over a year (though I have paid the fees to keep them open). It seems like the expense to set them up would be best not wasted so I was looking at using at the very least the Family Trust to invest in shares for my children.
My plan would be to buy a balanced portfolio of ETFs and A-REITs and regularly contribute to that for my kids (maybe once a year). The dividends would be reinvested and the investment income would be distributed amongst my family. I'm pretty sure that's all fairly simply and it should work (though I'm happy to hear of other methods).
My issues is that for the life of me I'm not sure how to actually buy shares through the family trust. I have an account with CMC Markets that is in my name and my wife's but I'm not sure I can use that. If this is something that I have to set up using a lawyer or accountant then I guess that's what I have to do but if it's simple I'd rather just get it done and start investing. Can anyone point me in the right direction?