Personal Portfolio quotes

Select the Proposition type and tick the box for the Personal Portfolio. If the client will be taking withdrawals and you would like to include these in the quote, add in the withdrawal details. You can also give the quote a name which may be useful if you plan to run a number of quotes so you can easily identify which is which.

If the PP will be jointly owned select Joint and you will be asked to search for the other client.

Then click on Next: Personal Portfolio Payments In.

If entering a transfer you need to enter the details of the existing Personal Portfolio and unlike when transferring an ISA or a Pension, you can only transfer Personal Portfolio assets in specie. You will need to add in details of the ceding scheme. When you start to type in the company name in the Smart Search bar the system will suggest providers that match. The system will produce pre-populated transfer forms based on the company you add. If you cannot find the ceding scheme you can add in the details manually instead.

You will need to enter the details of the existing assets by searching for the investments you intend to re-register. You will also need to add in the number of units and you have the option to add in the tax book cost so future Capital Gains reporting is accurate.

If you want to transfer more than one Personal Portfolio you can click to add another.

If the client intends to hold assets in Wrap Cash you can also add these so the charges on the quote accurately reflect the full amount of Platform Eligible Assets held.

Clicking on Next takes you to the Adviser Charge step.

When entering the adviser charging you can select to receive Initial and Ongoing and you can enter these as either monetary amounts or percentages. When you select ongoing adviser charges you also need to select the deduction frequency. If you select a percentage based ongoing adviser charge this will need to be entered as an annual figure regardless of what deduction frequency you choose.

The adviser charges will be paid from Wrap cash so you can choose to include this or exclude this on the illustration. Choosing to exclude adviser charges will only exclude these from the illustration projections, we will show the adviser charges chosen for information purposes.

In the Investment Selection step you need to enter details of the investments you wish to include in the PP. This will only be for any new money being added i.e. single or regular payments. Any assets being re-registered will remain as they are and will not be switched into assets selected in this screen. You can choose from Discretionary Models if permissioned on the Hub, Adviser models, single funds, exchange traded instruments, and cash. Each column must add up to 100% before you will be able to proceed.

Having selected the type of investment you want to search for you can enter the name into the Smart Search bar and after 3 keys it will suggest investments that match what you have typed. You can save commonly used funds as favourites in the Advanced Search facility. Once saved you will be able to view these favourites by clicking on the star.

You will need to select a Distribution Option. Investments that produce a natural income can have this paid to Wrap Cash, Product Cash, used to make reinvestments into the fund or paid it out to the client.

You can view a summary of what you have entered in each of the steps and if any of these details need to be changed you can do this by clicking on the Edit Pencil.

By clicking Next you can start another quote or progress to New Business.