Click on images to expand in a new tab
Overview
Separately Managed Accounts (SMAs) in AdviserLogic allow you to recommend professionally managed investment portfolios within Digital Advice. SMAs can be incorporated into strategies, model portfolios, and advice documents to provide consistent, transparent, and scalable investment recommendations.
Setting up SMAs correctly ensures they are available for selection in scenarios and that fees, asset allocation, and reporting are accurately reflected in your advice. SMAs can also be used alongside Model Portfolios to standardise recommendations across clients.
SMA’s within Digital Advice
Our Digital Advice module’s Group SMA Functionality enables users to group or ungroup existing investments held within an SMA, providing greater flexibility and efficiency. By toggling the Group SMA option, users can manage their SMA holdings and generate more accurate advice for clients. This allows users to view an accurate balance for each SMA or individual underlying holding within the portfolio, depending on their specific needs.
Go to any client > Digital Advice > Scenarios > General Settings > Slide the ON/OFF Group SMA toggle to the desired position.
📌Note
This will affect all Future (not existing) scenarios for all clients.
If the client's existing portfolio does not contain SMA’s, and the adviser is recommending an SMA in their advice, it is possible to set up an SMA within AdviserLogic Digital Advice Module.
You can access these SMAs in any digital advice scenario where the Add Model Portfolios/SMA field is available. Simply choose the SMA you've previously set up from the drop-down menu.
📌Note
If the SMA manager sends the data to Morningstar, it will be available via SMA Setup. If not, a Model Portfolio will have to be created, then selected instead.