This step-by-step summary explains how to create a model investment portfolio.
What you’ll need to get started
- A name for the model portfolio (this name is visible to clients).
- The funds and proportions you would like to hold within the model portfolio.
- Which products you’d like to invest in via the model portfolio.
- Which members of your firm you’d like to be able to access and edit the portfolio.
- Which rebalancing options you’d like to apply – you can read about these on our Adviser Support Hub.
Creating a new model portfolio
① From the homepage, click on the ‘Portfolios’ tab.
② Click on ‘Add new portfolio’ at the top of the screen.
③ Enter the model portfolio name, remembering the name will be visible on client documentation. You can also add a description for the portfolio if you wish.
④ On the next screen:
- Select which charge basis you want the model portfolio to be available on.
- Select ‘Create my own asset allocation’. (Alternatively, you can select ‘Base on optimised portfolio modelling’ whereby an asset allocation will be created in line with the risk rating you enter).
- Confirm the objective of the model portfolio and which products you would like to use the model portfolio for.
- If you wish, select an option to set up automatic rebalancing (more information can be found on our Adviser Support Hub).
- The align to target function allows future payments and withdrawals, including fees and charges, to be used to move the account back in line with the desired asset allocation. When adding new money it would look to buy underweight assets first and then when withdrawing any money it would look to sell overweight assets first. Using a current model portfolio asset allocation means payments and withdrawals will be made using the chosen asset allocation.
⑤ Use the search function to locate and select assets (including funds, exchange traded investments and cash) to add to the model portfolio.
- Enter the asset allocation or choose to split the asset allocation equally.
- The model portfolio’s expected risk score will be generated.
⑥ Select which members of your firm can access the model portfolio (they’ll be able to view details of the portfolio and use it in transactions such as new business and switching).
- In the ‘Users with editing permissions’ section, confirm who within your firm can edit the model portfolio (including making changes and amending user/editing permissions).
⑦ Check through the information you have entered.
- Use the ‘Edit’ options to make any amendments.
- Click ‘Confirm’ to create and save your new model portfolio.