Total Portfolio Analysis (TPA) is a tool you can use to obtain a consolidated view of your clients existing and recommended investments. Other functionalities include the use of alternatives for comparison capabilities, the ability to transact and utilize investment reports.

Put simply TPA allows you to perform comprehensive like for like comparisons and projections of Superannuation, Pension and Investment portfolios all in the one place.

Features include

1.      Perform comparison analysis across all your clients portfolios, including entities (SMSF’s, Trusts, Companies)

1.      Product comparisons and projections across Super, Pension and Investments platforms.

1.      Add and delete platforms and options

1.      Delete platforms in bulk and copy options

1.      Select model portfolios

1.      Show all assets or filter by platform

1.      Filter to show all asset owners or specific owners

1.      Display an overview of the platform changes and fees applied (e.g. existing vs recommended)

1.      Select trade restrictions- shares and investments that can be preferred or restricted for each client)

1.      Select relevant features

1.      Compare fees between platforms

1.      View the ‘gained’ and lost features based on the existing and recommended scenarios

1.      Include multiple scenarios within one analysis and multiple alternative product recommendations.

1.      Produce and export portfolio reports showing an overview of platform changes and fees applied

1.      Produce and export a report of the analysis of the portfolio based on a rebalance or a no change strategy
   

 Accessing Total Portfolio Analysis

Overviews

Platforms and Investments

To filter based on what platforms you want to see:

To filter based on members of the client group or entity (SMSF, Company, Trust):

To filter based on View-

A standard view will bring through Existing and Recommended Platforms and Underlying Investments.

Selecting Alternatives will allow you to view existing, recommended and alternatives all at once:

Current holding will allow you to view only your clients existing holdings.

To add multiple alternative options select (1) then ‘alternatives to show’:

Then select from the drop down the amount of Alternative you wish to show: (As you can see there are only up to 3 alternative fields able to be added).

Note: When adding Super, Pension or Investments through our Fact Find, this information will flow through to TPA once saved. A platform created within Total Portfolio Analysis in the Existing Field (in Red) will also flow back through to the Super, Pension and Investments tab in the Fact Find.

To add a platform in Total Portfolio Analysis simply select +Add Platform on the far-right hand corner of your screen:

Then select your platform (super, pension or investment) from the dropdown ‘select base platform’:

If you are adding an existing/recommended super pension or investment- toggle between existing/recommended and input the balance:

If your Dealer Group have set up model portfolios you can also select model portfolios to bring through your underlying investments immediately:

When adding a platform and you haven’t yet included the balance, but you have also got the below field unticked: ‘Show Platforms and Options with Zero Balance’- it will not appear in your list of platforms within platforms and investments.

To show platforms with zero-dollar balances, you must ensure that this box is ticked.

Use the below functionality to include customised fee structures.

Examples include; portfolio rebates, custom admin fees & family fee rebates (known also as fee aggregation).

After adding your platform it will appear like this:

To add your investment holding select the three dots and three lines tab next to the field you have put your balance in (whether that be existing recommended or alternative):

Your Investment Builder Box will appear and you can search (by typing in the name of the investment holding or APIR code), select from List[1], or choose model portfolios (if your Dealer Group have set up model portfolios):

Once you have selected, choose your allocation method- Amount, Percentage or Number of Units and click add option.

You are also able to edit information (in yellow square below) for each of your investment holdings by selecting the pencil (in red square) after allocation:

This is handy functionality as it allows you to edit if information is correct for you underlying holding and you would like to customise for your client slightly.

At the top of your portfolio builder you also have a list of tabs that allow you to view more information relating to your platform.

Fees and settings: Will give you a weighted average of the investment management fee.

Strategic Asset Allocation: Displays the overall asset allocation (based on the investment holdings you have selected) including how your client is tracking on their risk profile and any variance.

For reporting purposes you can also put on filters to prevent or include platforms or investments appearing in your reports (this includes ROA/SOA).

To prevent or include investment options appearing (this can only be done for the existing field- in red):

1.      Select platform builder icon
   
2. 
   

1.      Then select ‘Additional’ tab (1) and then from the dropdown on the right you will choose Mgt. reporting (2)

1.      Now you can select or de-select the option you do or don’t want to appear in your reports (inc. ROA/SOA):

To prevent entire platforms from appearing in your reports (inc. ROA/SOA) you can also put on holding filters. To do this you will select the 3 vertical dots to the right:

The following window will appear and again, you can select or deselect the options you would like to appear in your report (inc. ROA/SOA):

To specify within your reports (inc. SOA/ROA) the risk profile for each of your platforms select 3 vertical dots on the top right of your screen and choose Manage scenario risk profiles:

In the bottom left corner of your Platforms and Investments tab you will notice a small summary:

It looks like this:

Existing- Is the total balance of all existing platforms (in red column)

Recommended- Is the total balance of all recommended platforms (in blue)

Left to allocate- Is the difference between recommended and existing (this includes earnings and fees). A negative amount means that there is less money in recommended platforms as compared to existing (suggesting a withdrawal to bank). A positive amount means there is more money within the recommended than existing (suggesting that there are contributions to super or managed fund from the bank account).

There is functionality in place to allow for you to add investments under different platforms to your clients Super, Pension or Investment. For they purpose of this training I will us a direct share:

To add a direct share click on the + sign next to your clients Platform:

Then select the platform where your direct share is located by choosing the ‘Select Base Platform’ drop down.

Then select change and you will be able to search for your investment.

NOTE: This will not permanently change the name of your platform.

Next to each of your platforms there is a tab with three vertical dots:

Copy existing to recommended: allows you to arrange a no change SOA- where by your client can continue to be invested in the same way.

Copy recommended to existing: allows you to arrange transfer of Asset allocation within the recommended to existing. This is useful for updating after a review has been held and your client is back for their next review and you are hoping to make a new recommendation for the next review period.

Copy options to: This allows you to copy the investment holdings under one platform over to another (Note- it has to be under the same tax structure- Super, Pension or Investment) [2].

Example: Transferring investment options found under ‘AMP Flexible Super- Employer Sponsored’ to ‘Rest Super’.

The investment holdings will then be transferred across and appear in the recommended field as displayed below:

To delete platforms: allows you to delete platforms and their underlying investments (not to be confused with deleting investments only.

Deleting platform select from the dropdown:

To delete investment options only select the bin next to the investment option you wish to remove:

To delete all platforms within Total Portfolio Analysis: in the top right corner of your computer select the 3 vertical dots (1) and choose ‘delete all platforms’ (2):

You can also copy all platforms with existing balances to recommended by clicking on the 3 vertical dots in the top right of your computer:

The same can be done in reverse within the same dropdown: Copy Recommended to Existing.

 

If you have datafeeds turned on for your Dealer Group/Practice, to insert your already mapped datafeeds into total portfolio analysis you simply need to select the datafeeds tab:

As you can see in my screenshot I do not have datafeeds flowing for my login. If you do it will look something like this:

Setting up Shares and Ensuring Unit Prices Update

Add in your platform as per the procedure shown above. Then add in your underlying investments- Shares. Change view to ‘Datafeed Info’ (1) and tick the ‘Auto’ tickbox under datafeed (2). You will also noticed that it is set to No (3)- we will need to change this.

Next click on the portfolio builder () and select the additional tab (1) and change all Datafeed info to manual (2):

The datafeed column will now look like this and the unit-prices will now auto-update:

Portfolio Details

This page provides a summary of your asset allocation and risk profile based on the inputs you have provided in Platforms and Investments. It looks at the asset allocation and fund allocations of your existing and recommended portfolios only.

It also allows you to compare between your recommended and existing based on:

1.      Asset Allocation vs Risk Profile

1.      Income and Growth Split

1.      Investment Options (including Investment Fees)
   

After inputting details into platforms and investments, the portfolio details page will look like this:

The pie charts (1) that appear in this section is made up of all existing platforms (left pie chart) and all recommended platforms (right pie chart) from platforms and investments (2).

(1)     

(2)                                                                                                                                                                        

Summary and Reporting

Trade Restrictions

For example: Your client says that he/she doesn’t wish to invest in Aristocrat Leisure because they produce poker machines.

To ensure that this doesn’t happen click add:

As you can see there is also a comments section above if you wish to provide a reason as to why they do not wish to invest in the option.

Once you click save on this window the trade restriction is in place.

To remove select the bin (2). To edit them select the pencil (1).

Defined Benefit Consequences

Each Paragraph field is editable also, meaning that you can add or adjust the text.

Fees and Features

Product Replacement Statement

This tab can be found under the heading Product replacement statement:

Product replacement statement, displays a side by side analysis of the fees based on the existing and recommended you have built in platforms and investments above. 

After completion of platforms and investments your product replacement statement will look like this:

If you have any alternative investment platforms you can also compare these options with the existing platforms. Simply select the dropdown next to scenario 2 and choose Alternative:

PDS Fees

Features- Super, Pension and Investments

Transactions and Returns

Transactions.

Returns

This section will record the performance of all your datafeed and manually input investment options, that have transactions against them.

As you can see it will record, from 1month up to 5yrs of performance outcomes for each investment within your datafeed.

When looking to access this information you need to firstly set your start date (2) and then your end date (3), and finally select Update (4):

I have highlighted in blue the outcome- as you can see I had input transaction for Aberdeen Standard Australian Small Companies investment and this had therefore updated the Returns page.

You are also able to access the transaction menu by selecting the below:

Research and Analysis

This tab will provide information on any of the investments your client is invested in.

To obtain this information select platform (1) and then select the investment option (2):

Once you have done this the result will look something like this:

You can then print a report for all investment options for a particular platform:

Then choose which options you would like a report for and press ok:

If you would like the Morning Star Product Profile, simply select ‘Create Product Profile Report’:

Portfolio Review

Buy and Sell Instructions

This tab allows you to view buy and sell instructions for all your clients investments.

It allows you to view buy and sell information for recommended platforms as well as alternatives.

To toggle based on what information you wish to view, simply toggle using the dropdown:

It will also provided details of the outcome based on your recommendation or alternative in the action and instruction rows. This will look something like this:

Review Report

The final tab of TPA is review report which looks like this:

It allows you to print reports that are similar to ROAs- no change or rebalance ROAs. Put simply it allows you analyse the portfolio based on a rebalance or no change strategy.

Ticking the options below to be included in your review will bring through information from the Fact Find that you have already completed (assumed).

For any further questions on this module please contact support:

Call-on 1300 882 938.

Email- info@midwinter.com.au