Portfolio (IPS) - IPS Portfolio: Portfolio Custom Products
Portfolio Custom Products
Adding custom products into XPLAN is useful when you want to have full control over a particular asset a client may hold (for example: investment properties). When you create a custom product, you are able to edit the details that appear in the Portfolios section in XPLAN, such as the unit price and asset allocation.
How to add Custom Products for use in IPS
- To add a custom product, we need to go to the products menu with XPLAN. This can be found under the XPLAN > Portfolio Functions > Products menu
- In the top right of the screen, we click add.
- On the Edit Security Properties Page, you will need to fill in some basic details of the product. The main details are:
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Code: This is the APIR code you will use to search for the product in the Portfolio’s Pages of XPLAN
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Exchange: You can either type in the 3 letter Exchange Code, or select the exchange from the drop down list. The UNL or Unlisted Exchange should be used in most circumstances.
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The initial price: Even though we can adjust the price later on, it is best practice to commence the product with a price.
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Currency: Which currency is the asset in?On the Edit Security Properties Page, you will need to fill in some basic details of the product. The main details are:
Description: This is the description that will appear in the Portfolios Section in XPLAN, and how it will appear in any output (such as SoA’s) based on the Portfolios section.
Once filled out, Click ‘Save’ in the top right of the screen.
We suggest the establishment of practice wide conventions for how to add custom products, to ensure the consistent use and application for client situations.
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Code: This is the APIR code you will use to search for the product in the Portfolio’s Pages of XPLAN
- Once ‘Save’ has been clicked, it will bring you to the product details page. On this screen you are able to view the different tabs and make changes to various aspects of the product you have just created. You can also delete the product if needed.
You can edit each piece of information under each tab by clicking the edit (pencil icon) on each tab.
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