Fund templates - external

Advisors often give clients specific guidance on how to manage their external accounts (e.g. their 401k). This guidance may include selecting which funds the client should hold and what percentage of the account should be invested in each fund. Symplany℠ helps streamline this process for the advisor with fund templates.

Your Symplany℠ plan will determine the ideal allocation of stocks, bonds and cash in a client's account. A fund template / model schema will then help you decide what sub-asset classes (e.g. domestic bonds, high-yield bonds, small cap blend, international large cap, etc.) will represent each of those assets. The fund template will also decide which funds from the client's external account will represent those sub-asset classes.

The advisor has complete control of this process. Advisor's can choose from a handful of default options, or they can create their own unique fund template. A fund template captures and streamlines the implementation of an advisor's investment philosophy. This happens in three steps:

1. Identify which funds are available
2. Create the template
3. Choose the funds for your template

External accounts

Step 1. Identify which funds are available

Obtain from your client a list of available funds in their external account.

Step 2. Create an external fund template

Based on the funds available, choose the type of fund template (model schema) that fits best.

For example,

• If the account is mostly comprised of growth and value funds, select a fund template that calls for both of these (e.g. Strategic)
• If the account is mostly comprised of blend funds, select a template that calls for blend funds (e.g. Core)

* The example below creates a Fund Template for an external account with Growth and Value funds.

1. Click your name in the top-right corner

2. Click Account

3. Click View/Edit External Fund Templates

1. Click Add new Fund Template

2. Enter the Name of the Fund Template

3. Select a Model Schema from the dropdown menu that aligns with the funds available (e.g. Growth and Value, Blend, etc.)

4. Click Add

Step 3. Choose your funds

For each sub-asset class (e.g. High-Yield Bonds, Large Cap Value, etc.), type the Ticker and Name of each fund you prefer to represent that sub-asset class.

**Note: you can have multiple funds represent each sub-asset class*

Your fund template is complete once you have added funds for each sub-asset class.

If necessary: update asset mapping

If your client's account doesn't have a certain asset (subasset class) available, Symplany℠ will "map" that asset onto a similar one, so that the behavior of each account will most closely resemble the behavior of the portfolio's overall target allocation in stocks, bonds, and cash.

In the example above, the account does not have International Small Cap or Real Estate Funds available. In the graphic below, you can see that International Small Cap will now be mapped to / replaced by International Large Cap and Real Estate will be replaced by a 50/50 ratio of Large Cap Growth and Large Cap Value.

Note that asset mapping can follow multiple steps. For example, if an account has neither Emerging Markets nor International Large Cap available, both Emerging Markets and International Large Cap will be mapped to Large Cap Growth and Large Cap Value (each being split 50%/50%).

• To remove an asset class from your fund template, uncheck the box that corresponds to the appropriate asset class.

Asset mapping applies to external accounts only.

Internal accounts

Symplany℠ does not do mapping in Internal accounts. You may use different Fund Templates in different Model Schemas to handle accounts that have a limited number of assets.

Click here for instructions on creating a fund template for an internal account.