Researching investments for a proposal can be a lengthy endeavor, and the auto-populate feature can help to mitigate this time-consuming process.
Once you’ve created your prospect and have added holdings to their account, you can click on the Proposals tab and select the orange “New Proposal” button.
In addition to being able to manually enter in the holdings for your proposal, you will now see the “Auto Populate” button.
After clicking “Auto Populate”, you can configure your search parameters to create your lineup/portfolio.
When using the auto-populate feature, you will be guided through a set of questions to arrive at your proposed lineup/portfolio:
Which allocation would like to use?
-You can choose to utilize the same peer groups that currently exist within the account(s), or you have the option to use a previously created peer group model to identify your allocation.
For each peer group, how many investment alternatives should be included?
-Choose anywhere from 1-10 investment alternatives to be added to your proposal. You can also elect to use the same number of investments per peer group in the current account(s).
Would you like to maintain the same type of management structure (active/passive) for each peer group in the current account(s)?
- If “yes” is selected and the prospect currently holds a passive Large Blend, it will only be mapped to another passive Large Blend. If “no” is selected, it will select the highest ranking Large Blend option regardless of active/passive status.
Would you like to filter the proposed investments based on one or many lists?
-You have the option to refine your search by selecting one or multiple Lists that are currently available; This helps to prevent you from proposing an investment which is not available on a given platform or approved list. You could pick more than one list to facilitate a search within a platform and on your approved list for example.
What data element would you like to prioritize the proposed investments on first (second, third)?
-After you have filtered the investment options by the lists and/or other criteria you selected, there may be more options available in a given peer group than you want to include in the proposal. So, we need some guidance from you on how to limit these options.
You can do this by providing the data points that are most important to you. We will use these quartile rankings to prioritize the investments which are returned. For example, an investment with an Fi360 Score of 1 will be treated equivalent to an investment with an Fi360 Score of 24 since they are in the same quartile.
**For more information on Data Elements, click here.
If there are still too many investments in a peer group which met all of the criteria, what data element would you like to use as a tie breaker?
-If there are still too many investments with similar quartile rankings for the data points you selected, this explicit data point will be used as a tie-breaker. For example, investment with an Fi360 Score of 1 will be chosen over investment with an Fi360 Score of 2.
Would you like to filter the proposed investments by 12b-1 fees?
-Specify revenue sharing, if applicable. If you are paid by 12b1 fees, you can enforce that the returned investments have a 12b1. If you want to avoid 12b1 payments, you can also do that. Finally, you can be indifferent and not filter on 12b1 at all.
After making your selections and activating your search, you will then see the selected investment(s) populated into the Proposal holdings section. Depending on how tight your search parameters are, you may not see a fund to select within a given peer group. You will see a warning in the side menu so that you can add a fund manually or execute another search. If you are not satisfied with the funds that have been auto-populated, you are able to remove the funds or create another auto-populate search and edit your criteria. Once you have completed this, you can save and download your Proposal Report.