Getting Started with Wealthscope Basic
Use Wealthscope's powerful portfolio analytics to help you better manage your investments. Here are some basic steps to get you started:
The Wealthscope navigation menu is circled in the screenshot above. It separates features into four segments: Portfolios, Simulations, Planning, and Tools.
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: U.S. stocks, ETFs, and mutual funds. All other securities will be excluded from the analysis.
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.
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 Protection, Income, Fund Fees, Diversification, and ESG. Analytics are based on the current composition of your portfolio, so as to assess how sound your existing portfolio is. That means using 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.
Click the file icon on the left of the Scorecard to save a Streamer portfolio 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).
TEST A PORTFOLIO IDEA
Now that you have seen how your Streamer portfolios fare with the Portfolio Scorecard, you can test different portfolio ideas 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. Save a simulation by clicking the file icon on the left of the Scorecard.
SET PLANNING GOALS
Saving for retirement? Navigate to:
Planning -> Target Wealth
Calculate the target wealth you would need to accumulate by your retirement age given your expected annual spending during retirement.
To meet specific a savings target, navigate to:
Planning -> Target Saving
Determine the necessary monthly savings required to meet any future financial goal (think children’s education, purchasing a home, retirement savings, etc.). Select a portfolio you will be investing in for your financial goal. Portfolios saved from the Simulations segment, and five simple models (using a combination of S&P500 and U.S. Aggregate Bonds ETFs) will appear by default. See instructions in section 3 for how to include Streamer portfolios in Planning.