Groups allow you to consolidate related accounts and portfolios, providing a unified view of clients with multiple portfolios, multiple relationships, couples, or joint accounts.
To create a group, you will first need to have multiple items in your comparison. These can be portfolios or individual funds or a combination of both.
With all the portfolios or funds now part of the comparison, you can create a group by clicking in the “Add a Group” button.
Here you can assign a name to your portfolio to easily identify your group within comparisons and proposals.
If you make a mistake or want to change the name of your group, you may do so in the following steps by clicking on the pencil icon.
Select the elements you want to include in your group by clicking the ‘+’ icon next to each name and click next once you’ve confirmed that the elements you want in the group are listed in the column on the right.
Customize the values and advisory fees for each account in the group to match your preferences. By default, these settings reflect the existing portfolio configuration. Ensure all clients’ investment products are accurately represented by manually entering values where needed. Once your customizations are complete, click Add Group to include the group in your comparison.
After completing these steps, an additional card will appear below the performance graph, along with a new line representing your group and a label on your portfolios that are part of the group. The card displays the name of the product group you created (e.g., ‘Portfolios A & B’) and enables you to compare and analyze the group’s performance, making the analysis process more streamlined.
Groups can also help you work around the six-item limitation in proposals by consolidating multiple accounts into a single view. For example, if a client has a TFSA, RRSP, FHSA, and RESP, and you want to compare your proposal against their current holdings with a competitor, you can group the four competitor accounts and the four proposed portfolios into two separate groups. This approach can provide a clear, global comparison of the advantages of choosing your services over their existing provider.
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