When you add a plan to the Plan Summary step of a review section, you'll be prompted to create or select the Current Investment Strategy (CIS) for that plan.
You don’t have to include details of the underlying investments / funds that make up the CIS. And if you leave the 'Current Investment Strategy' blank (i.e. --Please Select--), no information relating to the underlying investments / funds of the plan will be included in your report.
If you do wish to include details of the underlying investments / funds of the plan within your report, you can:
- Select an existing CIS you have previously created for another plan in a review section of this report from the 'Current Investment Strategy drop' down menu.
- Create a new CIS.
- Clone an existing CIS that shows in the the 'Current Investment Strategy drop' down menu.
How to create a Current Investment Strategy
To create a brand new CIS from scratch click Add IS. A new window will open where you'll be prompted to give the CIS a name. A name will be auto-generated for you based on the Provider, Product Type and Policy Number. However, you can edit it if required.
Click Save & next and you'll be directed to a new window where you'll be prompted to add the investments which make up the CIS.
To add an investment on the fly click Add new investment, and you’ll be prompted to complete the relevant fields and click Save.
However, within Genovo there is an Investment Library where you can save details of the investments that you frequently recommend to your clients. By having an investment saved in your Investment Library you can then click Add library investment and add an investment from your Investment Library to a Current (or Recommended) Investment Strategy with a couple of clicks.
Having added all of the investments to the CIS, you may also want to add an investment performance graph.
Once a CIS has been created, it can be selected / shared with other plans in all the review sections of that report. This not only saves time rekeying this information for each of the plans, but it also avoids any unnecessary repetition within your report.