13th March AMA: I'm Jason Zhang, Xplan Portfolio expert and product manager, Ask Me Anything!

Hi Felicity,

Unfortunately at the moment where a provider is unable to separate multiple SMA's held within the same account, there is no easy way to use Portfolio Recommendations.

With that said, I know Netwealth is actively working on this at present so we should hopefully see this resolved in the near future.

Thanks,

Marc

Hi Mark.San Giorgio59138,

Thanks for submitting your question.

To obtain a report of clients that contains their archived date, entity ID and name, you have a couple of options.

• Xport
• Export Client Data
• Xmerge – a csv Xmerge report can be run based on a client search/list

For the report showing all products a client has, I’ve assumed that you’re referring to this for a single client and not a report listing all clients. Please let me know if this isn’t the case.

The easiest way to achieve this is to use the existing code from your fact find template and pull out the syntax relating to products to create a one-pager. If you don’t have access to your templates to do this yourself, your site administrator should be able to assist.

Regards,

Zita White

Hi Michael,

We have published a set of new standard reports specifically for SMA, these should be in the Reports screen under the Valuation category:
- Portfolio Valuation - SMA
- Portfolio Valuation - Simple, SMA
- Valuation - Proposed Changes (SMA)

We've also made sample code available via the Community in relation to SMA instrument grouping, please note there is still outstanding a performance data source with a corresponding standard report and sample code that will be coming very soon, which will be added to the existing article. 

https://community.iress.com/t5/Help-Guide-Xplan/Enhanced-SMA-Capabilities-in-Xplan-WealthSolver-amp-IressNet/ta-p/58890

Thanks,
Marc

Hi Michael,

Thank you for your detailed feedback on the new Portfolio screens. We really appreciate your insights, as they help us improve the experience for you and other users.

We understand that transitioning to a new screen can take some time, and we would like to ensure the new screen meets your needs. Your feedback on filtering, portfolio, transactions and report is valuable, and we have recorded these points for review. Also, we are happy to let you know that we will be working on edit holding details soon and will keep you updated as they progress. 

Thanks again for sharing your thoughts. 

Best regards,
Jason

Ditto to all of these comments from Michael. ☝️☝️

Hi Kerri,

Thanks for reaching out!

To help you get started, I recommend checking out the Practice Management eLearning course, which includes a section on ‘Alerts.’ This provides a step-by-step guide on creating alerts for various scenarios with examples.

Additionally, we have helpful community articles that outline best practices and common alert setups. You can access these resources here:

• Alerts Management
• Example Alert Rules

If you need further assistance, please feel free to reach out. We’re happy to help!

Best regards,
Jason

Hi Jackie,

Great questions, best practice when it comes to target sets and modelling will depend heavily on the business and how they choose to implement modelling for their customers. We built target sets and modelling with flexibility in mind, this often means there is more than one way to achieve the same or similar outcome. e.g. Managing a single mutli-asset class target set vs managing a target set per asset class and adjusting the ratio of each linked to a client to deliver the desired investment profile.

What I can say about best practice here is to ensure you keep it as simple as possible, an easy trap to fall into is to start with a basic target set, then as some clients require slight variations on this, create a modified version of that basic target set. Over time you will accrue many similar versions of the same target set, which can lead to a confusing user experience, complicated permissions and potential errors if a client happens to be linked to the incorrect version of the basic target set.

This does join nicely into point 2, a potentially underutilised function is the "Advanced" settings when linking a target set or sets to an account (see section F.3 in the Target Set Overview on Community https://community.iress.com/t5/Help-Guide-Xplan/Target-Set-Overview-and-Key-Features/ta-p/54566). This function allows a user to make adjustments, exclusions or substitutions when linking a target set to an account, ensuring you can add these slight variations to a target set without needing to maintain multiple similar versions of the same.

In relation to the 3rd point, I'll need to come back to you, as modelling is an active process I don't believe there is a standard report that can produce this output, there may however be a datasource that allows this.

Thanks,

Marc