A Cash Account within a platform acts as a main cash hub through which investments flow in and out, allowing investors to manage their cash transactions under a single portal.

Generally, there are fees associated with using Cash Account. The fees can be included in the platform’s Administration Fee or deducted from the Interest Rate of the Cash Accounts.
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To accommodate the fees associated with Cash accounts, Adviserlogics functionality has the ability to flag bank deposits as a Cash Account, allowing the fee to be included in relevant fee calculations.

Any bank deposit can be marked as a Cash Account in the following screens of the Application

Check the Cash Account box under Fact Finder > Superannuation > Add New > Underlying Investments > Bank Deposit

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Check the Cash Account box under Assets > Add > Bank Account > Bank Deposit > Select the Cash Account box

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Digital Advice > Scenario > Investment Portfolio screen > Underlying Investments > Bank Deposit > Select Cash Account
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​Digital Advice > Scenario > Buy/Sell screen > Underlying Investments > Bank Deposit > Select Cash Account box
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​Digital Advice > Advice Tools > Fee Comparison screens
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Marking deposits as Cash Account enables the Cash Account Fee to be calculated on the balance if fees are applicable.

On all Fee Comparison Screens in Digital Advice (Scenarios/Advice Tools), there are Cash Account Fee headings under the Ongoing Fees heading.
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The percentage column of Cash Account Fees will be un-editable, and the value will be based on the proportion of Cash Account Fees ($) in terms of Total Portfolio Balance.

However, when you select Details you will be able to see all details of Cash Account Fees (%) as charged under the platform provider.

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The Cash Account Fee (%) column is editable, if the data is edited, fees will be calculated accordingly.
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Details icon will be visible in the following cases:

Case 1: If Cash Accounts are available & there are no fees for a Cash Account under a platform, you will get a $0 fee with the “Details” icon.

Case 2: If Cash Accounts are not available, you will not get the details icon too.

For any bank deposits that are added through Data Feeds, will be taken care of automatically if they fall under the following provider's list:-

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Template Output:

Cash Accounts Fees will not appear as a separate heading under the “Ongoing Fees” heading in SOA (Statement of Advice). This fee will get clubbed with Investment Fees in all Cost Comparison table outputs.

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