denis.heenan's avatar
denis.heenan
Social Sightseer
2 months ago

Hi Courtney,

we are having a problem with SMAs from some major platforms coming through as unbundled in IPS, where we want them to show as a single line entry for the purposes of simple client reviews (we use more detailed reports from the platforms)

Is there a toggle somewhere to change this and is it done by us or the platform? Platforms say XPlan but previous enquires to XPlan have said it is done by the platforms!

Thanks in advance

Denis

  • courtney.youngblutt's avatar
    courtney.youngblutt
    Icon for Xplan Expert rankXplan Expert
    2 months ago

    Hi Denis! 

    There’s no ‘toggle’ as such to only show a rolled up version of the SMA however, you can “group by SMA instrument, “ which allows you to collapse the underlying SMA holdings into a single line in the position screen.

     

    Iress have done alot work around enhancing how SMAs are displayed in Portfolios then subsequently used in WealthSolver. This is a great article that helps explain what we’ve done and how to use some of the enhanced functions that exist on the Portfolio (Beta) pages - https://community.iress.com/t5/Help-Guide-Xplan/Enhanced-SMA-Capabilities-in-Xplan-WealthSolver-amp-IressNet/ta-p/58890.

    How Iress displays SMAs in Portfolio is dependent on what information the providers send to IressNet. All providers send us the underlying holdings in the SMA, (except Hub24 who used to allow the adviser to choose when they set up the datafeed - but I am not sure if they still allow that - I think they also send the SMA underlying holdings unbundled now too).

    Rolling up of an SMA product generally only occurs when modelling/making recommendations, as you model/recommend the SMA product as a whole, and not by underlying assets.


    Re: the simple client reviews, being able to group by SMA Instrument should give you what you need.

    There are also new reports called “Portfolio Valuation - SMA” and “Portfolio Valuation - Simple, SMA” that can be accessed via Client > Portfolios > Reports > Reports. These new portfolio reports support grouping by SMA via the  Report Options as well.


    I hope that helps!

     

    • denis.heenan's avatar
      denis.heenan
      Social Sightseer
      2 months ago

      Thanks Courtney - I will have a look at the info and have a play around 

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