Use this strategy to rebalance your client’s non-super investment portfolio.
STEP 1 – Go to Digital Advice -> Scenarios
On the scenarios landing screen, click on the ‘+’ icon to add a new scenario.
Select who the advice is for, client, partner or joint and then click Proceed to Scope.
STEP 2 - On the select Strategies screen, scroll down to the Investment strategies, and select Rebalance Portfolio strategy and proceed to Goal/Strategy Linking.
Select the relevant goals set and then click Proceed.
STEP 3 – Rebalance Portfolio Screen
This screen is like the super rebalance strategy, yet there are a few changes.
Asset Allocation Graph – The graph on the right-hand side will show three types of bar style comparison – Existing (blue bars), Recommended (Red bars) and Strategic (Yellow bars)
As you can observe, existing asset allocation graph is an addition in comparison to the Super rebalance.
You can select any investment graph on the right hand side panel and the graph will change according to the composition of the particular investment.
Select the Investment card you want to rebalance.
Case 1 - Rebalancing an investment portfolio without additional funds to the portfolio
If you want to add a new model portfolio, click on Model Portfolio/SMA dropdown
Rebalance Total Available Amount toggle will by default be switched to Yes. This button will distribute the total amount proportionately over the investments under the selected model portfolio. Any existing investments outside the model portfolio will be deleted. Click on Add to add this to the portfolio –
You will see the changed allocation graph and the new underlying investments based on the model portfolio you selected. The existing underlying investments will show a negative transaction in red under the transaction column.
The Asset allocation graph will reflect the new recommended allocations. Click on save to save the new portfolio and click on proceed to Fees
If you do not want to add a model portfolio, and remove one of the underlying investments, adjust either the Transaction column or the Proportions column to create a balance and add a new underlying investment using the ‘+’ button-
Note – Existing Investments from the Underlying Investments screen cannot be deleted
Case 2 – Adding a new source fund
You can use existing investment or another source of funds, such as a bank account.
On the investment Card, click on Addition to Portfolio
Select the source funds and add the amount in the transaction field and click on Add
The addition of new balance($10,000 in our example) will also be reflected in the available Amount heading(as can be seen above)
Once done, proceed as shown in Step 1 to add a model portfolio or a new underlying investment.
Note – If you select any source funds, the same transaction will also be visible on the investment cards under the existing columns
On the rebalance portfolio screen, next to the available amount button, you will see a small ‘i’ information icon which will give a summary of the amounts and the source funds used for the portfolio
If you want to bring the portfolio back to the default, click on the reset button to restore the portfolio balances
The fees screen will show the Recommended rebalance platforms first and then the rest of the platforms and other direct investments -
The screen as you can see is similar to the super ICR comparison screen.
From the dropdown next to ICR Comparison, you can select the portfolio ICRs you wish to look at, thus allowing you to filter managed funds, ETFs, SMAs.
Then you can click on Proceed to Review to complete the strategy recommendation.