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Overview
The Cash Out Term Deposit strategy within Digital Advice allows you to model the maturity of a term deposit and direct the proceeds according to the client’s strategy. This feature ensures that cash flow projections, asset allocations and modelling outcomes accurately reflect the withdrawal of funds from a term deposit at maturity.
Using this strategy helps you demonstrate how maturing term deposits can support retirement income, debt reduction, reinvestment, or other advice outcomes within your Digital Advice scenario.
⚠️Important
Support logins have read-only access to scenarios. Only Paraplanners and Advisers can create or edit scenarios.
Strategy Selection
Please follow the step-by-step instructions below to prepare advice for the Cash-Out Term Deposit Investment strategy.
📌Note
Before completing this advice, you can model an Investment strategy in the Cashflow Module. The modelling can be added to the advice to support your recommendation.
From the Digital Advice - Scenarios Screen, select the Add Scenario icon.
Select the client the advice is for, or select Joint to create advice for your client and partner. Select the type of advice ( SoA or RoA), then Proceed To Scope.
Select the Cash-Out Term Deposit strategy from the Strategy screen under Investment Strategies, then select Proceed. Link the Goals or skip this step.
Cash-Out Term Deposit
The Cash-Out Term Deposit section is divided into two parts.
On the left is a list of the client's existing Term Deposits. On the right is a summary page of the actions taken.
The first action is to release funds from the client's existing term deposit by checking the tick box on the left-hand side.
The selected term deposit will now show on the summary page on the right side of the window. Select Proceed to Apply Funds from the bottom right of the window once all the funds have been released.
Apply Funds
The Summary section of the Apply Funds screen shows the Available Funds from the sale of the Term Deposit, the Apply Funds section shows the client's existing investments and liabilities.
From the Apply Funds screen, apply the released funds to pay down the Loan and purchase additional assets.
Pay Down Liabilities
Pay down the client's existing liabilities by adding the amounts to the transaction column and then clicking outside the field. These will now show in the summary window.
As the Liabilities are paid down, the remaining amount to allocate will show in the Summary window under the Remaining Amount column.
Add Additional Assets
To purchase additional assets with the released funds select the New Assets or Add Model Portfolio/SMA button from the top of the left-hand window.
New Assets
Selecting the New Assets button opens a pop-up window where you can choose the type of asset to create. These fields are identical to the Assets fields throughout Adviserlogic.
Managed Funds
Australian Shares
Bank Deposit
Custom Product
Other
📌Note
The amount entered must be within the limit of the Available Amount
Model Portfolio/SMA
Similarly, to add a previously established Model Portfolio or SMA select the ModelPortfolio/SMA button and select it from the drop-down.
📌Note
Ensure that any other funds that need to be allocated are allocated prior to this step, as adding Model Portfolio/SMA will distribute all the remaining funds.
Redistribute Funds
To distribute the remaining funds among clients exiting investments, enter the allocation amounts in the Transaction column.
Summary
On the Summary window located on the right-hand side of the screen, you will find the total amount of funds released from the sale of the investment property.
These funds will appear under the heading Redeemed Term Deposit. The released funds are divided into three columns, Available Amount, Transaction, and Remaining Amount. The values will change as the funds are applied and transacted into assets and liabilities.
Available Amount - The amount redeemed from selling the property.
Transaction - The amount transacted and applied to new or existing assets.
Remaining Amount - The amount remaining from the Available Amount minus the Transactions. This is the amount remaining to allocate before you can move on to the next section.
Below the Redeemed Term Deposit is a list of the transactions you have created. These transactions are editable by hovering over the individual transaction and selecting either the Pencil or the Rubbish bin Icons.
The Line items are divided into four main columns Existing, Transaction, Projected and Proportion.
Existing
Shows the client's existing assets.
Transaction
Shows the recommended transactions you have entered.
Projected
Shows the sum of the Existing and Transaction amounts.
Proportion
Shows the proportion of the overall amount that is applied to the asset as a percentage.
Asset Allocation and Product List
Access the Asset Allocation Tool and Product List from the three-dot menu at the top right of the window.
Asset Allocation Tool
The Asset Allocation Tool is the same as found in Advice Tools.
It will show the asset allocation information specific to your recommendation.
Product Detail List
Selecting Product Detail List will download a spreadsheet with a detailed product list to your downloads folder.
Once the correct amounts have been entered and all available funds have been exhausted the Proceed to Review button will become available. Select this to continue to the Review screen.
Review
Review the details entered on the review page, you can edit the details by hovering over the tile and selecting the Pencil icon, there is also a section to enter a Summary.
Edit the Advice Document
You may also edit the advice document from within the scenario by selecting the Save And Preview button from the top right of any screen within a digital advice scenario and following the Advice Editing Instructions.
Fee Disclosure
After editing the text to your liking, select the Proceed to Disclosure Fees button at the bottom right of the screen. From there, add your fees and complete your advice.
Link Cashflow
After completing the advice, you may add any previously created cashflow modelling to the scenario by selecting the Link Cashflow option from the Scenario Tile. The cashflow tables will be drawn into the final advice document.
