Clients in Advisor edition

[Harsh]

I just downloaded a demo version and was playing with it. A few questions that immediately come are:

1. Clients have to created as Sub-Portfolios. In such case what is the client list?
2. Is there a way to allocate a transaction to all clients (sub-portfolios.)
3. For the same stock I have to create a new investment for each stock? Example For both Client A and Client B I have purchased, say Intel. Do I need to create Intel as an investment for each client?
4. Is there a way to batch email the reports to all clients. Similar to batch print option. So if I want to send portfolio values report to respective clients by email on a weekly basis, can I create a rule to do so? Or I have to do it manually by using option "Send by Email".
5. Can I password protect the enter to a portfolio or sub-portfolio?
6. Is there a way to create a model portfolio and compare it to actual Client portfolio and evaluate differences? As a follow on to this, may be reallocate the portfolio as well.

Good software otherwise. Very easy to use and understand and the best thing I dont need a IT person to support it.

Thanks in advance for the effort and your responses.

Best
Harsh

[Mark]

Hi Harsh,

Thanks for trying Fund Manager.

1) The client list allows you to store information for each client, like tax ID, phone number, email, address, etc. It also allows you to associate a particular sub-portfolio as belonging to a client. This works with the batch printing. In batch printing, you get a list of clients (from your client list), and choose which ones to print the graphs/reports for. The "File / Send by Email..." feature also utilizes your client list, so you can choose a client, and an email. You can also do mail merge fields in report headers using client information. See "Options / Report Headers...", and then "Insert Field...".

2) No. Each recorded transaction is specific to a single investment. If you are importing transactions from a broker, all of this will happen automatically, and be posted to the proper account/investment.

3) Yes. Each investment keeps track of its own transaction history, so you would want separate investments in Intel for each client, since they each have separate transactions.

4) Sorry, no. You have to do it 1 client at a time when emailing.

5) You can password protect the investments. Edit the "Investment Properties..." of any investment, and select the "Password" tab. Enter a password, and choose the option to apply that password to all open investments.

6) Yes, there are a couple of different methods here. Probably the easiest/best way is to create an allocation target for the "Rebalance" report. Select "Reports / Rebalance..." and under "Allocation Target" select <Edit Allocation Targets...> to define/name your targets. You can then run this report, and compare current holdings against your targets. It will show you the current and target values, and the delta in terms of dollar values and percentages. The other way is to actually set up a sub-portfolio, enter investments, etc. You can't run a Rebalance report against 2 sub-portfolios, but you could still compare the reference sub-portfolio against your client's portfolios.

[Harsh]

Thank Mark