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Creating a Group

  1. In the left navigation pane, click the Portfolio Management tab, and then the Groups page.

  2. From the toolbar above the grid, click New Group.

  3. In the Group name box, enter the name for the new group.

  4. In the Group description box, enter in identifying details about this group.

  5. In the Fee Methodology field, select the way Management Fees will be applied to the group. Select from Group setting/Aggregate Balance, Individual Account Setting/Balance, or Individual Account Setting/Blended Rate.

  6. In the Report Settings field, use the drop-down menu to select User Default Setting, or Morningstar Default Report Settings.

  7. The Management Fee option determines whether Management Fees will be charged, and if so, how. The selections include None, Bill in Advance, or Sample Tiered Management Fee.

  8. The next field is optional and allows you to enter a Management Fee Discount.

  9. Use the drop-down menus to select a Primary, Secondary, and Tertiary Benchmark, or leave at the Use User Default Setting option.

  10. The Target Asset Allocation and Model Portfolio fields are optional. Click the magnifying glass to the right of each field to make a selection.

  11. Select Use Account Level Model Portfolio for Rebalance when a model portfolio has been assigned to the group but you would prefer to use the model assigned at the account level instead. Click here for an example.

  12. Click the Weighting method drop-down menu to select Equal weighted or Asset weighted.

  13. Use the magnifying glass next to the Reporting Client field to select a client who will be used for posting reports to the Client Web Portal and on the Cover Page for Group Reports.

  14. In the top menu bar, click Save. The Accounts screen of this group will open.

  15. From the toolbar menu above the grid, click Add Account.

  16. In the Select Clients box, click the magnifying glass icon. The Find Clients dialog opens. Select the clients that hold the accounts you want to add to your group. Click OK. You return to the Add account dialog.

  17. All the accounts that the clients hold are listed and checked. Un-check any accounts that you do not want to add to the group.

  18. Click Save. The accounts are added to your group. You are returned to the Accounts screen.

  19. From the File menu, click Close, or click the X in the upper right-hand corner of the screen. You are returned to the Groups grid, and your new group is displayed.