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Overview

The Group SMA Functionality gives you the flexibility to group existing underlying investments within an SMA into a single-line SMA or ungroup them to view individual holdings.

This feature is available in the Assets screen, Digital Advice – Advice Tools & Scenarios, and the corresponding advice document where SMAs are supported.

You can group or ungroup SMAs for existing investments from the following Datafeed providers, ensuring greater control over how you view and manage SMA holdings:

BT Panorama	HUB24
Netwealth	IOOF
Macquarie e-Wrap	Praemium

⚠️Note

There are some limitations relating to the data sent to us by these providers.

Our team are working closely with product providers to resolve these limitations.

Netwealth	Currently, investment descriptions and codes are not being sent to us. As a result, you are unable to view the names of SMAs under Digital Advice when the grouping functionality is enabled. Additionally, this impacts the visibility of Investment Fees and Costs, meaning they will not be displayed within Digital Advice scenarios for grouped SMAs. For accurate fee and investment details, you may need to manually enter the missing information or refer to external sources.
Macquarie	Currently, individual SMA codes are being sent instead of descriptions, which affects how SMAs are displayed in AdviserLogic. Impact: Without descriptions, you will only see the SMA codes when they are grouped. This makes it more difficult to label and identify models within AdviserLogic. For clarity, manually referencing the corresponding SMA descriptions from external sources may be required.
Praemium	How are Praemium’s SMAs different from other platforms? Praemium uses a blended approach to SMA management. This means that when a manager or investor initiates transactions, Praemium will first adjust holdings within the client’s SMA portfolio before executing external transactions. Key Benefits for Clients: Fewer transactions – Minimises unnecessary trades. Lower transaction costs – Reduces brokerage and fees. Decreased capital gains tax (CGT) outcomes – Helps optimise tax efficiency. How does AdviserLogic manage blended SMA balances? When SMA grouping is turned OFF → You will see individual holdings and transactions within the portfolio. When SMA grouping is turned ON → Only the total balance for each SMA is displayed as a single-line item. This functionality ensures that you can choose how to view SMAs—either as individual holdings for detailed tracking or as a consolidated balance when providing financial advice.

Asset Screen

The Assets screen in AdviserLogic allows you to Enable or Disable Group SMAs by ticking or unticking the Group SMA tickbox at the top of the assets screen.

Enabling the Group SMA feature lets you view existing investments held within a single line item.

Disabling the Group SMA feature, you can access and view each underlying investment that forms part of an SMA. These investments will be represented with an aqua dot for easy identification and navigation.

Digital Advice -Scenarios & Advice Tools

The Group SMA toggle can be turned ON or OFF within Digital Advice settings, allowing you to customise how SMA holdings are displayed.

How to Enable or Disable Group SMA in Digital Advice:

Navigate to Digital Advice from the client record. Select Scenarios. Go to Settings.

Locate the Group SMA toggle and switch it ON or OFF based on your preference.

This setting ensures that you can view SMA holdings either as a single consolidated entry or as individual underlying investments within your Digital Advice scenarios.

📌Note

Only new scenarios will be affected by these changes

Group SMA - Toggle ON

Digital Advice - Advice Tools

Enabling the Group SMA option in Digital Advice will consolidate existing underlying investments within an SMA into a single-line item in Advice Tools.

How to View Underlying Investments

All underlying investments within the SMA remain accessible.
To view them, hover over the Information (ℹ️) icon in the Fee Details window.
A tooltip will display a breakdown of the underlying holdings within the SMA.

This feature provides a cleaner, more streamlined view while still allowing easy access to detailed investment information.

👉The Investment Fees and Costs will show Fees at the SMA level.

Digital Advice - Scenarios

When you enable the Group SMA option in Digital Advice, all existing underlying investments within an SMA will be displayed as a single-line item in Digital Advice Scenarios.

How to View Underlying Investments

Hover over the Information (ℹ️) icon in the scenario.
A tooltip will appear, displaying a breakdown of the underlying holdings within the SMA.

This feature provides a simplified portfolio view while still allowing easy access to detailed investment information when needed.

👉Asset Allocation is calculated based on the weighted average of all the underlying investments of the SMA.

Hovering over the tooltip icon allows you to view all underlying investments within the SMA along with their weight & code.

Advice Document

The existing underlying investments that form part of the SMA are grouped into a single line.

Existing SMA Fees

If the investment fees and costs are missing for any existing Datafeed SMA, a pop-up window will show, allowing you to manually enter the SMA's investment fees when creating a new Scenario or using Advice Tools in Digital Advice.

Enter the new values as a percentage and Save.

When the Group SMA feature is toggled ON in Digital Advice, you can also view and edit existing SMA fees directly from the scenario window.

Open the Digital Advice Scenario window. Select the three dots (⋮) icon in the upper right corner.