Adviser Guide to Models
2 | Adviser Guide to Models
Through your Alliance Trust
Savings platform, you can
access a range of Model
Portfolios from Discretionary
Fund Managers (DFMs) on
the Alliance Trust Savings
Platform, or build your own.
We also offer comprehensive
investment research, client
risk assessment and portfolio
rebalancing tools to help make
your decision-making easier.
Adviser Guide to Models | 3
GETTING STARTED
After you have logged in, the first screen
you will see is the Home page. It is from
here that you will be able to access the
Model Portfolio manager along with our
research and analysis tools.
At a glance – who can do what
When it comes to Model Portfolios, your permission level determines what you can do.
Role
Create
firm’s own
Model
Portfolios
View firm’s
own
and DFM
Model
Portfolios*
Assign
clients to
firm’s own
and DFM
Model
Portfolios*
Rebalance
firm’s own
Model
Portfolios
Make
changes
to firm’s
own Model
Portfolios
Administrator
7
✓
7
7
7
Adviser
✓
✓
✓
✓
✓
Paraplanner
✓
✓
✓
✓
✓
Owner
7
✓
7
7
7
* You need to agree directly with a DFM that you can access their Model Portfolios. More
information can be found in the Questions and Answers section at the end of this document.
4 | Adviser Guide to Models
HOW IT WORKS
1. Creating a Model Portfolio
You can quickly create a bespoke Model
Portfolio for your firm through the
Manage Model Portfolios function.
– Name your Model Portfolio
– Specify the account types that you
would like your Model Portfolio to
be enabled for (for example,
Stocks and Shares ISA or General
Investment Account)
– Select the investments by Fund
manager, Name, ISIN, SEDOL,
TIDM or MEX
– Confirm the investment allocation
percentages (which must add up
to 100%) and your tolerance levels
for rebalancing, and save.
Adviser Guide to Models | 5
2. Allocating clients’ to Model Portfolios
You can allocate clients to Model Portfolios through the Investor Model Portfolios
maintenance screen. From this screen you can:
– See all of the Model Portfolios available for your use – bespoke Model Portfolios
that your firm has created and any Discretionary Fund Manager (DFM) Model
Portfolios that a DFM has linked you to.
– Allocate clients to, or remove them from, Model Portfolios
– Trigger ad-hoc rebalances for your firm’s bespoke Model Portfolios and activate
or deactivate regular rebalances. You can give these instructions at individual
client level too, through the client wrapper summary screen
Important – if a client’s Account is still unfunded (because, for example, you are
waiting for a transfer in) please do not allocate them to a Model Portfolio. If you
do they will not be included in any subsequent changes to that Model Portfolio.
You should wait until the Account is funded.
3. Maintaining a Model Portfolio
You maintain your firm’s bespoke Model Portfolios through the Manage Model
Portfolios function. You can choose to activate, modify or deactivate an existing
Model Portfolio you have saved on the platform.
For DFM Model Portfolios, all maintenance options will be disabled as only the DFM
can make changes to these.
Rebalance
request
Sales will be
processed in line
with our Order
Handling Policy
Buy instruction
actioned on
confirmation
of sale
6 | Adviser Guide to Models
Adviser Guide to Models | 7
HOW IT WORKS (CONTINUED)
4. Changing a client’s Model Portfolio
You can do this through your client’s account.
–Select Client Search from the top navigation bar to find your client
– Once you have your client’s details on screen, choose the product (Account type)
you want to make the change for:
–Select Maintain investment strategy from the sidebar – this will bring up
details of your client’s current investment strategy
– Then select Add new investment strategy.
From here you can change your client’s Model Portfolio.
You will be asked to confirm that you have read the relevant Key Investor Information
Documents before moving to the next screen to submit the change. Your client will be
rebalanced into their new Model Portfolio at the next rebalance date for that Model.
5. Rebalance timeline
Whenever you trigger a rebalance, any sell instruction will be actioned in line with
our Order Handling Policy. Buy instructions will be actioned on confirmation of sale.
6. Research and analysis
You can access our Asset Selector, Portfolio Manager and X-Ray tools options
whenever you are working in a client account.
You can research the assets available on our platform, OEICS, Unit Trusts, Investment
Trusts, Stocks and Shares and ETF’s. The portfolio manager tool will allow you to develop
and modify watch lists and portfolios. From here you can track your portfolio and create
charts and our X-Ray tool will allow you to analyse the underlying investments.
8 | Adviser Guide to Models
MODEL PORTFOLIO SERVICE CHARGE
If you link your client to a Model Portfolio – your firm’s own or a DFM Model Portfolio
– your client will pay us a yearly Model Portfolio Service charge of £120. We won’t then
charge them anything extra for dealing associated with portfolio rebalancing.
Once your client is using the Model Portfolio Service, you can link as many of their
accounts as you like to a Model Portfolio at no extra cost, as long as those accounts are
set up on our Inclusive Account charging option.
Details of our Inclusive Account charging option, and how and when we collect the Model
Portfolio Service charge are in our Charges Guide at alliancetrustsavings.co.uk/adviser
If you use a DFM Model Portfolio, your client will also have to pay the DFM’s
management fee.
Adviser Guide to Models | 9
QUESTIONS AND ANSWERS
How quickly will I receive a new password if I lock myself out?
Your Firm Administrator can arrange for you to receive a new password immediately via
SMS. If for any reason this does not happen, please contact us and we will unlock the
system straight away for you.
Can you have more than one Model Portfolio in an Account?
No, you can only use one Model Portfolio in each of your client’s Accounts.
Can other assets/cash be held for a client alongside a Model Portfolio?
Not in the same Account. In the case of a General Investment Account, you could open a
separate Account for your client to hold other assets and cash. Your client would pay an
Account charge for this separate Account as usual.
What happens if I switch an investment for an individual client
from inside their Model Portfolio?
If you do this your client will temporarily be out of line with the model however, they
will still be paying DFM management fees and will be included in any rebalance.
How will the £120 Model Portfolio Service charge be taken?
We will collect the Model Portfolio Service charge from your client’s General Investment
Account (if they have one). If we can’t collect it from a GIA we will collect it from your
client’s ISA Account (if they have one). If we can’t collect it from an ISA we will collect it
from your client’s SIPP Account. Only one Account will be charged and we will collect the
charge as described irrespective of which of your client’s Accounts are actually linked to
a Model Portfolio.
10 | Adviser Guide to Models
QUESTIONS AND ANSWERS (CONTINUED)
Is there a charge for an ad-hoc rebalance?
No, there is no additional charge on top of the £120 Model Portfolio Service charge for
regular or ad-hoc rebalances.
How can I get access to DFM Model Portfolios?
You should contact the relevant DFM directly. Once you have an Investment Agreement in
place with the DFM, they will contact us and ask for a link from your firm to theirs on our
platform. This will allow you to access the relevant Model Portfolios.
Can I set up a regular rebalance?
Yes, for your firm’s own Model Portfolios you can set up a quarterly, half-yearly or annual
rebalance through the Manage Model Portfolios function. For DFM Model Portfolios,
rebalance frequency is set by the DFM and you will not be able to alter this.
Can I opt my client out of a DFM Model Portfolio rebalance?
Only by taking your client out of that Model Portfolio altogether.
If the investments in a Model Portfolio are changed or realigned,
can I choose to rebalance to the old rather than the new version?
No, whenever a Model Portfolio is updated it will always rebalance to the latest version.
Will there be automated sell down from a Model Portfolio for any
outstanding fees or charges, or to pay my client a regular income?
Yes. We will follow the rules for this that are set out in our Terms and Conditions for
Advised Clients.
Adviser Guide to Models | 11
Alliance Trust Savings
Registered head office:
PO Box 164, 8 West Marketgait,
Dundee DD1 9YP
08000 326 323
[email protected]
alliancetrustsavings.co.uk
Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767; is authorised
by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation
Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.
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