This is really easy. From your dashboard click investment & providers > investment library. The investment library looks like this.
There are two ways you can add a new investment to your Investment Library:
1. Create a brand new library investment, or
2. Clone an existing investment within your Investment Library *
* You'll notice that some example investments are included in your Investment Library to aid your understanding of the kind of information you may wish to include here for a variety of investment types.
To create a brand new investment from scratch, click add investment and you'll be directed to the add investment page where you'll be prompted to provide the following information about the investment.
1. Unique Identifier - This field wont come out in your reports but it does allow you to distinguish between funds / investments by adding the ISIN, SEDOL, or your own descriptive name to the investment. This could be particularly useful when you want to differentiate between multiple classes of the same fund, or the same fund held on different platforms.
2.Investment Name - This is the name of the investment
An example fund name could be "Fidelity UK Growth"
An example portfolio name could be "Acme Medium Risk Growth Portfolio"
An example DFM name could be "Brewin Dolphin Discretionary Managed Income Portfolio"
3. Objective - This is a brief objective of the investment e.g. "To provide capital growth...."
4. Sector - This will only be relevant for funds.
5. Risk Rating - This could be a number or a descriptive word e.g. medium.
6. Initial Charge % - This relates to any initial charge incurred on the investment.
7. AMC, TER, OCF - These relate to the ongoing investment management charges of the investment. It is unlikely that you will have a figure for all of these fields. It is not a test! If you don't have an OCF for example leave it blank and no mention of OCF will be included in the table rendered in your report.
8. DFM Charge % - If the underlying investment is a DFM, this is where you can include any additional charge specifically levied by the DFM manager. If there is no DFM Charge leave the field blank and it wont be included in your report when you download it to Word.
9. Transaction Costs - All costs and charges that are likely to be incurred as a result of the acquisition and disposal of the investment.
10. Incidental Costs - Any other investment-related costs and charges that aren’t covered by the other fields e.g. “incidental charges”.
11. Further Investment Info - This is a catch-all field where you can add any more information about the investment you wish to include in your reports. This information will be automatically inserted into your report whenever the investment is added to an investment strategy, and could take the form of an asset allocation chart, further background information regarding the investment manager, or a table of the underlying funds that make up a portfolio.
You do not have to enter information in all fields. Empty fields will not be included within your report.
Click save and there you go, you've added an investment to your investment library. You can now pull this information into a current investment strategy in a review section, or a recommended investment strategy in the Investment Strategy section with a couple of clicks.
1. Rather than creating each investment anew it may be quicker to clone an existing investment. Learn how here.
2. Once you've added an investment to your library you can share it with other users linked to your account. Learn how here.
3. To learn how to set up your account so an asset allocation pie chart and / or the funds that make up a model portfolio are automatically inserted into your report click here.