In the compare investments section you have two types of search comparisons for investments.
1. Watch list Investments to be considered by the client
2. Current Investments used by the client
You can now select an unlimited number of funds and ASX stocks to compare and have the funds instantly loaded into a performance and forecast calculator for comparison and inclusion within your SOA.
The process is quite simple to compare investment offerings.
You start with the Compare Investment tab
Step 1. Search for or create a collection of investments you wish to compare.
Step 2. Assign the new investment considerations to the client.
Step 3. If the client already has investments you can compare those investments to the proposed investments.
Step 4. Click compare investments - this will activate a new screen showing the following information;
- Find Name and APIR code
- Performance chart
- Asset Allocation
- Fees per fund - editable
- Custom fee option - editable
Step 5. Calculations- all the funds you have selected will be made available to be included in the calculation.
The calculator determines based on current and past performance what the likelihood of forward calculations can be done to determine from a pure numbers position which fund would most likely be the more appropriate fund to use.
It uses;
- Asset Allocation;Fees,Charges;Actual returns over 1-3-5 years to determine the outcome.
You can also add contribution considerations and include all outcomes as part of your Statement of Advice.
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