Here, you will find powerful analytics to help you better manage your investment portfolios. Below is a step-by-step guide to get you started:

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Getting Started with Wealthscope Premium

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BASIC NAVIGATION

The Wealthscope menu is circled in the screenshot above. It separates features into four groups: Portfolios, Simulation, Planning, and Tools. 

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 SEE PORTFOLIO INFORMATION

 

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: Canadian and U.S. stocks, Canadian and U.S. ETFs, and Canadian mutual funds. All other securities will be excluded from the analysis.

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 ANALYZE YOUR STREAMER PORTFOLIOS

To receive your Portfolio Scorecard, click a portfolio to view, and then click the Analyze button in the upper right. You can analyze an individual portfolio, a specific group of portfolios, or all of your portfolios together in Portfolios Overview.

Portfolio Scorecard

 

Your will be taken to an Overview page and see an overall grade as well as a grade for each of 5 important dimensions: Performance, Downside, Income, Fees, and Diversification. Analytics are based on the current composition of your portfolio, so as to assess how sound your existing portfolio is. That means we use the same holdings and the same weights in the analysis. 

 

(Note that this application does not have access to your past transactions and deposits / withdrawals.) 

Your portfolio is analyzed against a benchmark that is automatically selected based on the closest equity-to-fixed income ratio of your portfolio e.g., 70% equity 30% fixed income. This benchmark serves as a reference point in scoring the Performance and the Downside dimensions in the scorecard. If your portfolio is just matching the benchmark, rather than outperforming it, it will receive a passing mark of 65%. Note also the following:

 

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

  • The historical returns in the Performance tab  are calculated using each security's historical monthly returns, maintaining the same portfolio weights throughout.

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

Save your Streamer portfolios so they can be used in the Planning Tools and for the Compare function within the Portfolio Scorecard (the Scale icon on the left of the Scorecard). Click the file icon on the left of the Scorecard.

 




 

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TEST A PORTFOLIO IDEA

Now that you have seen how your Streamer portfolios fare with the Portfolio Scorecard, you may wish to create portfolio simulations. You can test different portfolio ideas, and see how they score. Navigate to:

 

Simulation >> Create new

 

You may also save your portfolio to revisit later, or for use in other features. Save your portfolio by clicking the file icon on the left of the Scorecard.

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SET PLANNING GOALS

For clients approaching retirement: Create a comprehensive and intuitive Retirement Blueprint for your clients, and you may include their spouse.

 

Planning >> Accumulation >> Retirement blueprint

 

Determine the necessary monthly savings required to meet your target wealth for retirement. Select a portfolio you will be investing in for your financial goal. Portfolios saved from the Simulations segment, and Wealthscope model portfolios will appear by default.  See instructions in section 3 for how to include Streamer portfolios in Planning.

For retired clients: Create a drawdown plan to see how much a retiree can afford to spend each year with actual savings and retirement income, and from which sources, when taxes are minimized. 

Planning >> Decumulation >> Drawdown Plan

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Wealthscope is a service of PW Portfolio Analytics Inc.

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