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jessica.lamb's avatar
jessica.lamb
Icon for Advisely Partner rankAdvisely Partner
2 months ago

AMA: I'm Jess Lamb, Xplan expert and Director at Practice Dynamix, Ask Me Anything!

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shane.oconnor's avatar
shane.oconnor
Visiting Enthusiast
9 days ago

Hi,

I’m looking to benchmark client portfolios against appropriate peer group benchmarks, such as the Morningstar Target Allocation Index or the Financial Express unit trust peer group (e.g., FE UT PG Multi-Asset Balanced Index used by Lonsec) in IPS.

In the product lists, I see various options labelled as Market Index, but I can’t determine their source or asset allocation (default 100% other).

Am I missing something? Is there a way to benchmark a client’s portfolio to a recognised industry peer multi-asset index?

 

  • jessica.lamb's avatar
    jessica.lamb
    Icon for Advisely Partner rankAdvisely Partner
    8 days ago

    One of the key features of the XPLAN Benchmarking area is the ability to benchmark your client’s portfolio against any IPS product. This flexibility can be both advantageous and somewhat challenging, depending on the index you wish to use.

     

    When reviewing Benchmarks to add to IPS reports. Here is my tip:

    To ensure you're selecting the correct benchmark for your client, I recommend navigating to Portfolio > Maintenance > Products. From there, you can search for your chosen index by name. If you're uncertain of the exact name, you can use the Portfolio Wildcard (*) to help locate the product. More details on how to use the wildcard can be found here.

    Once you’ve located the relevant index, review the Price area to ensure the benchmark is regularly updated. This is where is is going to draw the historical return information from. If it has a consistent price feed, it is likely a suitable benchmark for your client’s portfolio.

    The new IPS Analytic page within the client’s profile is a great tool for reviewing the client’s portfolio in relation to the benchmark options you've selected.

    I have a little video on Benchmarking. I could probably spend 1 hour on this, but I tried to cover it in under 7 minutes: 

     

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