Risk tolerance assessment is a crucial step in the road to allowing your clients to invest fearlessly, but once you've captured your client's Risk Number, the next step is to compare it to their portfolio's Risk Number. In this article, we'll walk you through the basics of creating and interacting with client portfolios.
In This Article
To get started, you'll create a new portfolio for your client or prospect. Start by selecting an account type, choosing between a standard account (Funds, Stocks, and Other), an SMA/UMA account, or an Annuity/Insurance account. The Funds, Stocks and Other account is our default account type, and when selected will give you a few different options for entering holdings. The options are as follows:
- Enter Manually: Takes you directly to an empty account, where you can manually search for investments to add via the "Add Investment" search bar along the bottom of the account.
- Copy a Model: Allows you to select one or more of your saved Model Portfolios and use them as a starting point for the account.
- Import File: Lets you import a portfolio's holdings via spreadsheet.
- Asset Sync: Our account aggregation solution lets you sync in a client's account holdings from thousands of financial institutions.
Pro Tip: Before choosing one of the above investment entry options, make sure to check our integration partner list to see if one of our integrations will work for you. To do so, go to Menu > Settings > Integrations in your account.
Adding and Removing Accounts
Riskalyze portfolios organize a client's assets by account. If any additional accounts need to be added to a portfolio, you can add as many as you like by clicking +ADD ACCOUNT at the bottom of the portfolio to create another account. (see animation above)
If you ever need to remove an account, click the 3 Dot (...) Menu button on the account you'd like to add and select Delete Account. (see animation above)
Whether your client accounts have been manually entered, imported via a file or synced automatically from one of our available integration partners, you'll often find the need to organize the list of accounts for a client or household. In order to facilitate this, you can sort accounts within a portfolio by Risk Number, Name, and Account Value. To do this, click the sort button (located directly under the portfolio total).
Pro Tip: You can also reorder accounts manually, by dragging them up or down as needed. The drag indicator will appear when you hover over an account you wish to move up or down in the order.
You can bring further organization and focus to your client meetings by expanding the accounts you're discussing with a client and collapsing the rest. Individual accounts are expandable and collapsible by clicking anywhere within the account header, or you can quickly expand or collapse all the accounts in a portfolio by clicking the button at the top of the portfolio - directly under the portfolio name.
When you create a new portfolio, any previously created portfolio is automatically "Archived." View archived portfolios by clicking Portfolio Actions > View History.