Getting Started with Wealthscope
Thank you for your subscription to Wealthscope. You now have access to powerful analytics to help you better manage your investment portfolios and find inspirations for new investment strategies. This quick guide will help you get started.
You can navigate back to Wealthica using the purple navigation bar at the top of your page.
Wealthscope’s navigation menu is underlined in yellow in the screenshot above. It separates Wealthscope’s features into four groups: Accounts, Portfolios, Planning, and Tools.
ADD INVESTMENT ACCOUNT INFORMATION
To analyze your existing investments, you will need to add your investment account information to Wealthscope first. There are two ways to do this:
I. Link with Wealthica
If you haven’t already done so, navigate to:
Wealthica’s Navigation Bar → +Add (top right) → Banks and Brokerages
Wealthscope will automatically populate your accounts once they are linked. Note that Wealthscope does not receive any personal identifiers (i.e. name, e-mail address, or login credentials) from Wealthica. Your data is completely anonymized.
II. Manually Enter
To manually enter your investment accounts. Navigate to:
Wealthscope Power-Up → Accounts → Manually Enter (top-right)
ANALYZE YOUR INVESTMENTS
You can generate the Wealthscope Portfolio Scorecard for all of your accounts together in Accounts Overview, for an individual account, or for a specific grouping of accounts. 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 account, or comparing to a “What-if” portfolio.
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 for Premium and Jubilee subscribers). 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.
Premium + Jubilee: 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.
TEST A PORTFOLIO IDEA
In addition to analyzing your current investments, you can also test hypothetical portfolio ideas with our Portfolio Builders and see how they score. Navigate to:
Wealthscope Power-Up → Portfolios → Create New
You may also save your portfolio to revisit later, or for use in other features such as our integrated Planning tools. The animation below shows how to save a portfolio.
PLAN FOR YOUR FUTURE
The portfolios and accounts 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 your children’s education, downpayment for a home, or retirement.) Navigate to:
Wealthscope Power-Up → Planning → 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:
Wealthscope Power-Up → Planning → Target Wealth
The Retirement Blueprint is a comprehensive, user-friendly retirement planning tool for you (and your spouse), tailored to your personal circumstances and investment preferences. Navigate to:
Wealthscope Power-Up → Planning → Retirement Blueprint
You will receive a detailed summary of your blueprint and how much you need to save to achieve your retirement goals. You can save up to 5 Retirement Blueprints for review later. Update your blueprint whenever there is a change in your personal or financial circumstance.
For investors who are approaching or in retirement, there is a Decumulation section in Planning. Portfolio Longevity is a quick and cool tool to compare your life expectancy with the longevity of your savings. Navigate to:
Wealthscope Jubilee Power-Up → Planning → Decumulation → Portfolio Longevity
To generate your detailed, tax-optimized drawdown plan, navigate to:
Wealthscope Jubilee Power-Up → Planning → Decumulation → Optimal Drawdown
Make sure you read the introduction and the model assumptions before you enter your inputs. You can save up to 5 plans for review later. Test different assumptions and be sure to update your plan whenever there is a change in your personal or financial circumstance.
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 firstname.lastname@example.org.