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marc.fraser-jones's avatar
marc.fraser-jones
Icon for Iress Team rankIress Team
4 months ago

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

Do you have a burning question about Separately Managed Accounts (SMAs) capabilities in Xplan? Join me here on Tuesday 13th August from 2pm to 2:30pm. With years of experience helping advisers, p...
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mat.tenison3's avatar
mat.tenison3
Icon for Advisely Board rankAdvisely Board
4 months ago

Hi Marc, thanks for your tome today! Is it difficult to set up an SMA in IPS and wealth solver? Also, what do investments in reports look like when you have separate investments combined with an SMA under the one platform (wrap account)? Does it show the SMA separately or just list all the investments, including underlying SMA holdings under one list? Cheers!

  • marc.fraser-jones's avatar
    marc.fraser-jones
    Icon for Iress Team rankIress Team
    4 months ago

    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.

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