Wealth Axis Wizards - MDA: MDA Account Details Report

Wealth Axis Wizards - MDA: MDA Account Details Report

MDA Account Details Report Overview

How is asset allocation information displayed for each MDA Portfolio Account?

For each MDA Portfolio Account, the following asset allocation information for each sector is displayed in the Report:

  • Target asset allocation for the client’s Risk Profile (as captured at Advice Process > Risk Profile)

  • Asset allocation bands (or ‘bandwidth’) as captured at MDA Portfolio Account level or at Practice level (see below for further information)

  • Actual (current) asset allocation of the client’s MDA Portfolio Account (as captured in Portfolios (IPS) at Portfolios > Portfolio > Position)

  • Variance of the current asset allocation to the target asset allocation

To enable you to easily identify MDA Portfolio Accounts that may require your attention, any asset allocations outside of a sector’s bandwidth will be displayed in bold red:

The bandwidths displayed for each MDA Portfolio Account are sourced as follows:

  • Asset Allocation Bands as captured for the MDA Portfolio Account in the MDA Register (at Advice Process > MDA > MDA Register); or

  • If Asset Allocation Bands are not recorded in the MDA Register for the MDA Portfolio Account (in other words, the bands are left blank), your Practice’s MDA Asset Allocation Bands based on the client’s Risk Profile will be displayed.

 

Merge the MDA Account Details Report

To merge (or generate) the MDA Account Details Report:

  1. Click List and then Entire List in the search area of the Title Bar (at the top right-hand corner of the screen):
     
    • Alternatively, to generate a list of targeted clients click Advanced in the search area of the Title Bar (at the top right-hand corner of the screen), and select the required Saved Search or create a new Advanced Search.



  2. The client list to be reported on will be displayed in the Search Result panel.

    • Select the clients to be included the MDA Account Details Report, if required.

    • If no clients are selected (ticked), all clients with MDA Portfolio Accounts will be displayed in the Report

  3. If some clients are selected, only those selected (ticked) with MDA Portfolio Account will be displayed in the Report

  4. From the menu on the left-hand side, go to Reports > Merge Report.

  5. From the Report Category dropdown list, select BTGL - MDA Reports:



  6. Select MDA Account Details Report by clicking on the arrow icon:



  7. Click Execute.

  8. The MDA Account Details Report will be merged in the background. Click Ok.

  9. When the MDA Account Details Report has been merged, click letter icon to display the new system message.

  10. Click Download Report to download the file (it will be an Excel spreadsheet).

 

Troubleshooting Tips

Why is my client’s MDA Portfolio Account not displayed in the Report?

Your client’s MDA Portfolio Account will be only displayed in the Report if all three of the following conditions are met:

  1. MDA Established = Yes (at Advice Process > MDA > MDA Register):



  2. The MDA Portfolio Account in Client Focus (at Financial Details > Assets / Superannuation) is linked to the corresponding account in Portfolios (IPS) (at Portfolios > Portfolio > Position).

  3. For Assets (Investments) accounts, Status = Existing:



    For Superannuation and Retirement Income accounts, Status = Active:

 

Why can’t I see the MDA menu in my login?

The MDA menu (at Advice Process > MDA) is only displayed in XPLAN for advisers authorised by their Licensee to provide MDA Services. If you require access to this menu, please contact your Wealth Axis Adviser

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