Securities Builder enables firm executives on Nitrogen Team Solutions to create custom securities that all the advisors in your firm can propose. Even though Nitrogen has industry-leading security coverage with a 97% recognition rate, there are a lot of reasons a firm may want to manage custom securities on their own. Maybe your firm manages liquid or illiquid alternative investments that do not get marked to market, you want to model exotic investments like crypto, collectibles, or other physical assets, or anything not normally found in public price data Nitrogen receives.
In this article:
Adding a Custom Scenario
To start creating custom securities, you need to navigate to Firm > Securities. This is the dashboard where you can view, edit, and create custom securities for your firm.
We’ll start by selecting "Add Custom Security". You will now have a new pop-out menu on the right side of the screen. From here, you can select “Custom Scenario,” add a 4-letter ticker, add a security name, and enter its analytics inputs.
Every security will have a firm-level prefix to identify the security as unique to the advisors in your firm. Every prefix starts with the “#” symbol, followed by a four-letter prefix pulled from the first four letters of your firm’s name (or randomly if those four letters are already taken by another firm).
You can enter up to five letters for each custom security ticker. The searchable ticker will include both the firm prefix and security ticker (e.g. “#FIRMTICK”), and search results will also show the security name you enter. Firmwide custom securities are not available in global search at this time.
For Custom Scenarios, enter one of two possible sets of inputs below.
- Enter a 6-month best case % and worst case % to auto-calculate a return % and a volatility %.
- OR Enter a 6-month return % and a volatility % to auto-calculate a best case % and a worst case %.
You also have to select the security type the scenario most Correlates Like, and have the option to add an Annual Dividend % and/or a Net Expense Ratio %.
Note: These metrics are calculated as 6-month figures.
Your new security should be available within a couple of seconds of clicking “Save” for both you to view in the Securities table and your advisors to add to proposals and portfolios to present to clients.
Editing a Custom Scenario
If you need to edit a custom security, you can click into the security and edit the ticker, security name, or input new % assumptions. Changes to the name or ticker will be available for all advisors in your firm immediately, while changes to performance data may take 24 hours to update.
Frequently Asked Questions
Will my custom securities be immediately available to the advisors/reps in my firm?
While securities will be available immediately after creating and updating, analytics may take up to 24 hours to refresh.
How do I keep my custom securities up to date?
You can edit custom scenarios as needed, and if or when they accrue at least 6 months of performance history, you can switch the input method from Custom Scenario to Performance Upload, which you will need to update the monthly performance data every month with a new CSV upload. However, if a custom security starts as one with a performance history, it cannot be switched to a custom scenario.
How will these securities be displayed in client portfolios?
All custom securities created here will show as “Other” in portfolio allocations. Custom scenarios will show in portfolio stats as the asset class they are set to correlate like, given that they do not have a performance history.