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Getting Started

Basic navigation | Add investment account information | Analyze your portfolios | 

Test portfolio ideas | Planning for the future

1. BASIC NAVIGATION

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Wealthscope’s navigation menu is underlined in yellow in the screenshot above. It separates Wealthscope’s features into three groups: Portfolios, Simulations, Planning, and Tools. The Updates tab informs you about new features and improvements.

 2. See My Streamer Portfolios

Your Streamer portfolio data is automatically retrieved and populated in Wealthscope.  Select a portfolio tab to see a portfolio dashboard. The dashboard displays your portfolio's asset allocation as well as select security data.

Please note that only the following securities will be analyzed: U.S. stocks, U.S. ETFs and mutual funds. All other securities will be excluded from the analysis.

 3. ANALYZE YOUR INVESTMENTS

You can generate the Wealthscope Portfolio Scorecard for all of your portfolios together in  "My Streamer Portfolios → Overview ", for an individual portfolio, or for a specific grouping of portfolios. Click the Analyze button in the top right.

Don’t forget to check out the additional features in         next to the Analyze button, including setting up a rebalancing system for an individual portfolio, or comparing to a “What-if” portfolio.

Portfolio Scorecard

Once you enter the Portfolio Scorecard, you will land on the Overview page. Here you will see a grade for the key portfolio dimensions: Performance, Downside Protection, Income, Fund Fees, Diversification, and ESG. To assess how sound your portfolio is, our analysis focuses on the current composition of your portfolio; the same holdings and weights will be used in the analysis.

 

Please note: Wealthscope does not have access to your past transactions. If you want to assess your personal historical performance, you should contact your broker.

 

Wealthscope uses a benchmark portfolio to evaluate your portfolio’s Performance and Downside Protection dimensions. The asset allocation of the benchmark is automatically selected based on the closest equity to fixed-income ratio of your portfolio (e.g. 70% equity, 30% fixed income). If your portfolio’s Performance and Downside Protection are in line with the benchmark, rather than outperforming it, it will receive a passing mark of 65%. Please also note:

  • The analysis time frame in the scorecard is the longest common history of the holdings in an account, based on the inception/IPO dates of the holdings

  • Fees in our analysis refer to fund fees (i.e. Management Expense Ratio), which may include a trailing commission for your advisor, depending on the share class. Your transaction fees are not included. 

  • Please check the ESG tab to understand if your portfolio holdings have sufficient ESG coverage before including ESG in your overall score in the Overview tab.

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4. TEST A PORTFOLIO IDEA

In addition to analyzing your Streamer portfolios, you can also test hypothetical portfolio ideas with our Portfolio Builders in Simulations and see how they score. Navigate to:

Simulations → Create New

You may also save your simulations to revisit later, or for use in other features such as our integrated Planning tools. The animation below shows how to save a portfolio.

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5. PLAN FOR YOUR FUTURE

PRE-RETIREMENT PLANNING:

The portfolios you have previously analyzed and saved can be used to determine the necessary amount you will need to save in order to meet a future financial goal. (Think children’s education, down payment for a home, or retirement.)

 

Navigate to:

Planning → Accumulation → Target Saving

 

Or do you want to estimate the size of the nest egg you will need at retirement in order to finance your post-retirement lifestyle? Use one of our five model portfolios for your risk profile. Navigate to:

 

Planning → Accumulation → Target Wealth

Now that you have a handle on the main features, you are all set to try out the rest!
For a detailed description of all features, please download our Knowledge Base PDF.

For any inquiries, please contact us at contact@wealthscope.ca.

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