Training Part IV
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Individual Household Functions
Reports
Errors
Individual Household Functions:
Once logged in, the advisor will immediately see the Dashboard screen, where all critical information
related to clients’ portfolios is displayed.
On the left hand side you can view Household information, showing total AUM and number of
households in addition to households requiring review based on type of issue identified (out of balance,
cash needs or tax loss harvesting). In the demo data below, we can see that the advisor manages 34
households and the total AUM. Of these 34 households, 9 require review; while 1 has cash needs and no
tax loss harvest opportunities.
Prior to looking at household information, the advisor can filter which households are viewed on the
Household Portfolio Analysis (Analysis Expert©) screen. For example, the advisor can choose to only
view those households with Cash Needs.
Household Portfolio Analysis
Advisors can search by Household, Advisor Set, Rebalancing Set and Model type. Search results may be
filtered by Advisor Set, Rebalance Set, OOB % and Model. Each of the columns are sortable as well.
When you select a HH it will take you to the individual HH screen:
On the individual Household screen you will have a choice of actions to perform; OOB for rebalancing
function, CASH to satisfy cash needs, TLH for tax loss harvesting opportunities. (Tip: when an icon is red
it means there is an opportunity for action, when green it means no action)
Below OOB, CASH, and TLH there is a drop down menu for “Fast Transactions.”
Available fast transactions include TLH (which provides a summary view of the TLH functionality above),
Withdrawal, Invest (deposit), and a create Manual Trade option.
Fast TLH
Simple Tax Loss Harvesting provides a summary description of available tax loss harvesting
opportunities. The fast TLH screen doesn’t provide lot detail TLH minimums, or other related settings.
Fast Cash Invest/Withdrawal
The Fast withdrawal function is used when you want to quickly withdrawal or invest cash from a specific
account. This fast transaction allows you to withdraw cash from a specific account without leaving the
HH page. You have a choice to create a trade proposal which will take care of your cash need
immediately from this screen, or update the account cash. Updating the account cash will allow for a
proposal to be created that includes the updated cash amount by then performing the OOB rebalancing
function. This will rebalance the rest of your portfolio and satisfy your cash need simultaneously.
Tip: as of now you can only select one account at a time when withdrawing or investing.
Manual Trade
This will allow user to create a trade bypassing any TRX recommendations. When you choose Manual
Trade a trade proposal will be created with no trades. Then you will use Edit Proposal screen to define
trades you want. Standard Proposal workflow will apply after you create your trades
Reports:
Edge also has numerous report options that can be printed, converted to PDF or automatically placed in
the tPortal client portal. Examples of reports available include:
Errors:
You will find Errors on the main dashboard. Errors are first divided into critical and non-critical errors (if
there is a critical error effecting your household TRX will prevent any action on it), and then, errors are
divided based on where they need to be fixed (tRx or PAS-portfolio accounting system)
Homework assignment:
1. Go to Households and choose one of your clients:
a. Go to Fast Transaction and choose Withdrawal-hit Go, specify the amount and the
account and chose to update account cash-hit Go. When back choose OOB.
2. When on Trade Proposal Management screen
a. Review trades with/without Location Optimization.
b. Review View Summary.
c. Review Rebalance Allocation for before/after trade allocations.
d. Under Select Action Review Cash, Notes, Workflow history.
e. Under Select Report choose all three options and choose which one you like the best.
f. Review if any Trading constraints.
g. Move several of your reviews to LV1Review, then to Hold, then to Trades. Once trade
file is generated TRX writes it to History.
h. REPEAT with another HH and other choice of actions.
3. Review your errors and fix.