AMA: I'm Marc Fraser-Jones, Xplan Portfolio expert and product manager at Iress, Ask Me Anything!

Hi DeanColinHolmesCFS Edge investment options are available in WealthSolver, for clients that have existing CFS Edge SMA's via IressNet datafeed, they should already be visible in the client accounts via the new beta screens. You may need to enable the new fields via the column chooser, once enabled you can use the new fields to group the results on the screen.

Hi martin.joughin, we have had to tread very carefully when it comes to reporting and datasources. Work is in progress and currently aiming to be completed for the end of August.

However, I can confirm there will be a couple of new datasources, in this case where you see sub_account available there will be a corresponding SMA Instrument field, which like the Position (Beta) screen will contain the name of the SMA. More information will be forthcoming as we release the work, we will provide sample code with this.

We also have an issue with this re SMAs in Panorama. We have Xport reports that pull portfolio data including the SubAccount name and for other vendors/platforms this displays the correct SMA name however with Pano it's just numbers and gives no indication of the actual SMA that the asset is held in. In the new Beta screen i can see the SMA name in the Panorama portfolio but this beta field is not available to pull into our Xport reports. As is visible in the Beta screen Panorama is actually feeding the correct SMA name into Iressnet however there appears to be an inconsistency in mapping because it's not being mapped to the same 'Sub Account' field that other platforms/vendors are feeding the SMA name to.  Could this inconsistency be corrected so that the SMA name from Panorama is mapped to the same consistent field as it is with Macquarie and other vendors? or failing that can the new beta field that houses the SMA name be made available to pull into Xport reports?

Hi mat.tenison3, thanks for kicking us off with the first question!

SMA investment options for the currently supported platforms are available in WealthSolver, in IPS the IressNet datafeed from the platform/vendor should handle everything for you. Transactions against holdings within an SMA will be tagged against a Sub Account with an SMA Investment attached. Once this data is present, the SMA handling we've built will automatically take place.

SMA fields have been added to the new Beta screens (you may need to enable them in the column chooser), you should be able to group your transactions, holdings and performance figures by SMA. Below is an example I've put together showing the above for the Position (Beta) screen.

When it comes to reports and data sources, we have had to tread very carefully. As such it required a lot of investigation and analysis, the reporting work is still in progress, we're currently aiming for the end of August, more info will be provided as the datasources get released.
However, the functionality should work in a similar way to the new screens, investments that aren't held inside an SMA will show up as direct investments.

Hi deladz

For private SMA's, users can contact our FundData team. FundData can create a shell for the options with fee and AA if a PDS is provided. Users can then use the option in WealthSolver scenario by adding the option via Add Investment or manually add the option to the plan.

If the site's data source is Funddata, the fee and AA will flow through. However, if the site's data source is IPS, users will need to maintain the fee and AA themselves in Portfolio > Maintenance > Products.

Hi charlene, there should be no need to set the datafeed up in a certain way, as long as the data is provided by the platform/vendor to IressNet, with the SMA details, it should flow through into the site without any user intervention. You may need to enable the SMA fields via the column chooser in the new Beta screens, once enabled you can use the new fields to group the results on the screen.

The currently support platforms are:
AMP North
Macquarie Wrap
Macquarie Vision
Netwealth
BT Panorama
HUB24
Fiducian
IOOF Group
CFS Custom Solutions
CFS Edge
CFS First Choice (Note: In conjunction with CFS we have built vendor specific SMA handling for the CFS First Choice feed, holdings will be unrolled and displayed in underlying constituents while the rest of the SMAs are displayed in rolled-up level.)

Unfortunately at this point Praemium is not supported, they are currently using a file format that does not allow for the identification of SMA's

Hi melita.daff

Management reporting / business intelligence around SMA's is something we're currently considering. If you're interested I'd like to reach out to you directly to organise a research session to better understand your needs in this area.

Hi ThomasChiu , past performance in WealthSolver is calculated based on underlying data including unit prices and distribution data. This means past performance is not a simple input. If users were able to input the returns, it will be inconsistent with other options' past performance methodology.

Hi everyone and welcome to today's AMA!

Please ensure you read the instructions above before you post.

In order to see new questions and responses, make sure you refresh the page regularly.

Let me know if you need any assistance! 

Hi primrose.foster , it's still early days for SMA functionality within Xplan, so it's hard to draw solid conclusions around the utilisation of different features at the moment, that said it is something we're keeping track of.

However, I would like to encourage everyone to jump into the new beta portfolio screens and check them out, along with the SMA functionality we've added.

The beta program is a departure from how we've previously delivered functionality to our customers, giving us the ability to gain fast feedback from users during the process to help guide decisions. The more users we get on board using the new screens, the more feedback we can gather and the better our overall solution will be.

Hi LukeH, presently WealthSolver only does research on the top level SMA and at the platform level. As such, the cost for underlying ETFs is not available. Unfortunately this means the cost for underlying ETFs won't be available in the syntax.