Adding Rate of Return (ROR) and Standard Deviation (S/D) to accounts
The Historical Rate of Return (ROR) on an account entered into Finance Logix is accessible by clicking on the “Planning” tab under the Account Details of the account. You can choose to use a historical rate of return of the Current Allocation or you can select a different portfolio and use that portfolio’s ROR for the account.
The following screenshots illustrate the different ways a ROR can be entered into an account:
Accessing the planning tab:
When in a client’s scenario, navigate to the “Assets & Liabilities” tab of the Client Data section. This tab will show you your available accounts with the client; you can click on the edit button to access the Account Details screen.
*If an account has not been setup, Add a new account and you will be taken to the Account Details screen after entering in the pertinent Account information such as type of account, account name, owner and beneficiary (if applicable).
Once in the “Account Details” screen, the software will direct you to the Summary tab, click on the Planning tab to access the ROR section.
Adjusting the Rate of Return:
Once on the Planning tab you can see the Projected Rate of Return section, the Historical ROR and Standard Deviation (S/D) listed is based on the “Current Allocation” of the account.
*You can edit the current holdings of the account on the Summary tab, entering in symbols or tickers and placing a dollar amount will build the allocations. If you have data aggregation, these holdings cannot be edited since they are being pulled from the financial institution.
*The Historical ROR and S/D are based on information received from Morningstar.
You can click the “Use as Current” button in order to have the system use the historical data. Or you can type a new ROR and/or S/D. By choosing a different portfolio from the drop down menu, you can access different RORs and S/D based on portfolios that have been previously created based on risk.