Step 1: Super Rollover - Fund Selection
Super rollover for Client
For joint client scenarios, you will see both the client and partner names at the top of the screen. You will start on the client and be viewing their existing superannuation funds as entered from your fact find.
Selecting funds to rollover
You can choose to do a Complete or Partial Rollover by left mouse click on the selection buttons. The selection will change to blue and the value will be displayed immediately under this.
Any super fund where it is noted as the owner from your fact find data entry, will be shown on this screen to warn you that fully rolling over this fund may impact the clients insurance needs..
When you select Partial rollover, a pop up screen will display. From this you will see the clients underlying investment assets. Change the fund you wish to not fully redeem and then click the Save button.
Super rollover for Partner
By clicking on the partner name, you will be shown the existing super funds for the partner and can make the necessary selections.
Recommending the New Fund
If you have setup default funds in Digital Advice settings, these will be shown here and any rollover amount will be defaulted to the applicable fund.
This will show you all the client current funds to allow you to select and do a consolidation strategy.
🔷 New Funds
A full list of funds, including industry, for you to select from. As soon as you start typing the name, the list will dynamically update to show you search results. Alternatively you can scroll through the list.
If you have recommended the establishment of a new SMSF, you will have already been taken through the screens to set this up. A 4th option will appear and your default is auto setup to the recommended SMSF.
To select a fund, click anywhere along on the row. The blue tick will display.
Step 2: Super Rollover - Contribution (if selected)
Super Contribution offers multiple contribution types
You can select client or partner from the top buttons.
Type of contribution
This is driving the recommendation mechanics so if you are doing a strategy that uses one of these types, you use these to create the investment transaction.
Contributions Data Screen
The left panel allows you to select the fund you will make the contribution into. It will default to the recommended fund when you are doing super rollover strategy in the same scenario. You can select another fund by clicking into this.
Enter a Lumpsum, the default option, or click on Regular in the right screen, to add a regular amount and details.
Contributions Amount Source
The next step is to elect where the contribution is coming from. A balancing transaction. If you have selected a smaller regular amount, it will only be looking to take the first frequency amount. In the above example, it will be looking to source the monthly amount of $1,000.
Select the source by clicking on an existing asset in the left screen. The source will then be shown in the right panel and default to 100% of the amount. You can click into the Transaction value and edit this to a lower amount and then select another asset to split this into more than one source fund.
Step 3: Super Rollover - Investment Portfolio
Super Investment Portfolio Screen
Moving from left to right, the first panel shows Recommended and Existing Super funds for Client and Partner. You can select any of these to change the underlying investment assets by left mouse click over the fund.
The middle panel is where you can view for each fund, the existing and / or recommended investment mix. The right panel shows the client's strategic risk profile from their fact find.
Recommending Investment Assets
Select from the Underlying Investments option by clicking the blue plus icon. From here you can select by asset type or approved product list. You can also select from the Model Portfolio / SMA menu.
Enter Managed Funds by their APIR code is the most efficient way to ensure the correct option is selected.
Recommending a Model Portfolio
Once you have selected a model portfolio, you will see the screen set to apply to full amount being rolled over into this. You can adjust the rollover amount or any of the underlying funds on this screen or the main screen. Once any changes (if any) are made, select Save.
Saving and Applying Investment Recommendations
Once you have selected the new investments, you can modify these by clicking into the Recommended, Transaction or Proportion cells. This allows you to make changes to dollar or percentage amounts. When all funds are allocated, the blue plus icon disappears. By changing any investment to a smaller amount, you will be making funds available again, and the option will reappear. You need to fully allocate 100% of funds in order to proceed. Click Save under the Underlying Investment list.
The Asset Allocation graph will update to show in light blue bars, the recommended investments against the strategic risk profile.
Once any changes are made, select "Proceed to Research" from the bottom right navigation button.
Step 4: Super Rollover - Research
The research screen allows comparison across a clients existing and recommended funds on qualitative data including contribution types, services, fund status, pension details, investment options and other fund details.
You can add alternative funds to also compare by clicking on the New Funds icon. A column on the right will appear, search and select your comparison fund. You can select multiple comparison funds.
Under each fund name, when you mouse hover over these, you will see the option to Download. This will download the fund Product Disclosure Statement (PDS).
If you believe this is out of date and you have a newer version, please email this to AdviserLogicSupport@morningstar.com who will update this for you.
Once you have finished your comparison, please Proceed to Fees .
Step 5: Super Rollover - Super Fees
Super Fees - Compare using Existing Balances
The first screen compares existing funds and fees (shown on the right in the green section) to the recommended funds (shown in blue). This screen shows what the client is currently paying compared to what they will be paying after implementing the recommendations.
Easy Inline editing
Each line allows for inline editing to enable you to quickly and easily make any changes. If you use standard fees and you believe these are incorrect, please email support who will review, confirm and update these for next time this product is used. In the meantime, you are able to correct and produce your advice. Every effort is made to ensure all fees are up to date and correct however we appreciate your support in letting us know when and if you do find any errors.
Super Fees - Compare all Superfunds Individually
The second screen can be selected via the drop-down menu next to the client / partner name. This allows comparison of the client / partners total superannuation balance if it was invested in any of the existing or recommended funds. Alternative funds can also be added and the Comparison amount can be changed to a different amount.
To change the Comparison Amount, click the pencil next to the amount.
Fees can be edited, new fees added using the blue plus option for both Ongoing and Transactional Fees. ICR fees can be edited by selecting Details.
Super Fees - ICR Comparison
The third screen allows comparison of ICR fees, pre and post recommendations. Inline editing of the percentages and values shown in blue can be made.