The Investment Library can be accessed from your dashboard by clicking on libraries>investment library. It's within the Investment Library that you should save details of the underlying investments that you frequently recommend to your clients. So in this sense we're not referring to an ISA, investment bond, personal pension plan or SIPP etc, but the underlying investment(s) you might recommend your clients invest into via one of these plans. The Investment Library caters for all kinds of investments from funds, ETFs, DFMs, structured products and model portfolios; and it's a great place to save details of your company's Centralised Investment Proposition, should they have one.
By adding an investment to your Investment Library, you can then add it to a current investment strategy in the review sections or a recommended investment strategy in the Recommended Investment Strategy section of your reports with just a couple of clicks. This will save you considerable time when building a report as you wont need to re-key the information about the investment each time.
A number of example investments have been added to the Investment Library to aid your understanding of the kind of information you may wish to include here, and you can also use these as templates when creating your own investments.
For each investment you'll be prompted to provide the investment's:
1. ID (e.g SEDOL, ISIN or your own descriptive name)
5. Risk Rating (this can be a number or a descriptive word e.g. medium)
6. Initial Charge
7. Annual Management Charge
8. Total Expense Ratio
9. Ongoing Charges Fee
10. DFM Charge
11. Transaction Costs
12. Incidental Costs
13. Any Further Investment Info (This is a catch-all field where you can add any additional information about the investment e.g. background info about the investment company or a table showing the underlying funds that make up the model portfolio.)
It is important to note that you do not have to complete all fields. Certain fields may not relevant for certain types of investment. Moreover empty fields will not be included in the investment strategy table that's automatically generated in your report.