Client account data

You can view details of the underlying accounts within your model portfolios. A separate account is created per client, per tax wrapper and per model.

Example: If a client invested in the same model portfolio across four Wrap products, they would have four accounts in that model portfolio.

Please note: Each account created is given a unique DM prefix account number.

No action is required to invest or authorise new accounts, additional payments, withdrawals or closed client accounts. We’ll process these automatically and the underlying trades placed by the platform (depending on the strategy you select for additional payments and withdrawals at model set up)

You can access MI on the details of new client accounts created in your model portfolios by simply running a ‘New Accounts Report’. Find out about client reports.

Individual payments ‘in and out’ can be viewed under the ‘Accounts’ menu and also via a ‘Model Cashflow Report to see an overall view of total money in and out of the model portfolio. Find out how to run a model cashflow report.

You can search for accounts using different fields and results are returned in the table on the accounts main menu.

This gives you a summary view of the client’s account with the account details on the right of the screen giving you some limited personal information. The summary page shows the client’s holdings by asset class, sector, geographical location as well as their top 10 holdings.

You can access further details of the client’s holdings and performance by selecting the ‘Portfolio’ tab where you can view the following:

*as per the summary page.

The cash statement page allows you to see all cash transactions that have completed on the model account for a selected period.

Account Details

This gives you some basic model portfolio account details and where you can confirm that an Investment Management Agreement (IMA) is received for your client or prevent a client from being rebalanced.

Please ensure that you have the appropriate agreements in place to allow you to manage assets on a discretionary basis. If you require an agreement at individual client level, you can check this box to confirm when that agreement is received.

If your agreements are at an adviser firm level, you will permission your model portfolios by adviser firm. This means that only clients of those advisers you have an agreement with can invest in your model portfolios.

If, for any reason, you need to exclude a client from a rebalance you can check this box and that client will be excluded from all rebalances – automatic or manual. They will appear on the ‘excluded clients list’ when instructing a manual rebalance.

You can access details of all transactions across an account invested in a model portfolio.

You can view deals both’ in progress’ and ‘completed’ for an individual account.

On the investments page you can see all investment transactions that have completed on the model account for a given period.

You’ll be able to view instructions for payments in or out of the account that have not yet been completed or have been cancelled. You can also check any pending instructions on an individual account. You do not need to take any action, but you can view these details if you want to. To review completed payments and withdrawals you should go to the cash account statement page.

You can search for and view any corporate actions ‘in progress’ or ‘completed’ on any of the investments within the model account. You can search by investment, corporate action ID and type.

The type of corporate actions you can search by are: Buy Back; Capital Change; Conversion; Coupon; Dividend; Other Extinctions; Rights Issue; Takeover and Warrants.