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Overview
The Invest in an SMA strategy in AdviserLogic’s Digital Advice module allows you to recommend investing in a Separately Managed Account (SMA) as part of a client’s investment portfolio.
An SMA is a professionally managed investment model where the underlying holdings are managed according to a predefined strategy. This approach allows advisers to provide diversified portfolios that are centrally managed while still maintaining transparency of underlying assets.
Within AdviserLogic, the Invest in an SMA strategy is available as a Custom Strategy, meaning it provides a structured template with prefilled recommendation text that you can customise to suit the client’s circumstances when preparing a Statement of Advice (SoA).
Using this strategy helps streamline advice creation while ensuring your investment recommendation is clearly documented and aligned with the client’s investment objectives.
⚠️Important
Support logins have read-only access to scenarios. Only Paraplanners and Advisers can create or edit scenarios.
Custom Strategy
The Invest in an SMA Investment Strategy is a Custom Strategy, a template with prefilled text relevant to the recommendation, rather than a strategy that calculates data.
Custom strategies are designed to reduce the time and effort required for drafting in the advisory process. By providing pre-filled text data relevant to the selected strategy, advisors do not need to start from scratch, saving valuable time.
To learn more about Strategy Types, please read the Strategy Cheat Sheet.
Strategy Selection
Please follow the step-by-step instructions below to prepare advice for the Invest in an SMA Investment Strategy.
📌Note
Before completing this advice, you can model an SMSF 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 Invest in an SMA Investment Strategy from the Strategy screen, then select Proceed. Link the Goals or skip this step.
Invest in an SMA
To adjust your Advice text, use the Editor Tool at the top of a Word document-inspired page.
It's a user-friendly feature enabling you to customise your text as needed. Orange Highlighted placeholder text must be updated.
📌Note
Hovering over each icon in the tools ribbon will show what it does.
This strategy includes a flow chart that shows how the SMA investment functions. This Flow chart is editable by left-clicking and using the additional table tools.
To help you with your task, the text area has been designed with 3 constructive main headings pre-filled with common considerations. You can use this as a starting point and customise as needed.
My Advice - Outline of the advice that you are providing to the client.
Why My Advice is Right for You - Add the reasons for which you have recommended the strategy to the client, along with their benefits.
Risk and Things to Consider - Add consequences, etc., for your Advice.
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.
