SmartInvestments - Position Detail Content Link

• Overview
• Information Section

• Purchase Information Section
• Miscellaneous Information Section

• Additional Options Section
• Current Values Section

• Annuity Options Section
• Remarks Section

Overview

When viewing an investment position, the user can access this content link to track important information such as the position's cost, shares and values. Note: For variable annuities, this content is labeled VA Detail.

You can customize this content link to display different content if you have the appropriate user rights (see Page Layout Customization). This topic describes the contents of the SmartOffice default layout.

Note: The Position Detail content link of a personal holding (i.e., a bank account, note receivable, personal property or real estate position) is different from that of regular position types. It combines position and account information. For information about the account-related fields, see Account Detail Content Link.

Information Section

• Account Name: To view details about the investment account associated with the position, do either of the following:
• Position the mouse pointer over the account name to display its information card.
• Click the account name to open a dialog box containing account

details. - Account #/Tax ID: This information is drawn from the Account Detail Content Link and can be edited only from that content link.

• Symbol/Security ID (CUSIP): This information is drawn from the Detail content link of the investment security associated with the position. To change the linked security, do either of the following:
• Click the Symbol/Security ID (CUSIP) hyperlink to perform a security search.
• Click the Clear button in the Symbol

field and enter a new symbol directly into the field. - Investment Name: This information is drawn from the from the Detail content link of the investment security associated with the position. It can be changed only by changing the security.

• Asset Allocation Member: This option indicates whether the position should be included in asset allocation calculations. For more information, see Asset Allocation.
• Share with Client: This option indicates whether the position is visible to clients who access their portfolio information through SmartView for Clients.

Purchase Information Section

The fields in this section present essential information about the position's purchase. Some of the fields are always editable by the user, while others may or may not be editable depending on the roll-up options specified on the Account Detail content link of the associated investment account (for more information, see Investment Validation). Read-only field values are calculated by SmartOffice using data from the Position Transactions content link. Note: Not all of the following

fields are available for all position types. - Purchase Date: This field specifies the date the investment was purchased. For a variable annuity, this is the earliest purchase date among all of its subaccounts.

• Liquidated Date: This field reflects the date of any position transaction (e.g., Liquidate, Sell, etc.) that reduced the number of shares in the position to zero. For a variable annuity, this is the latest liquidated date among all of its subaccounts, but only if none of those subaccounts has a null liquidated date.
• Status: The current status of the position (i.e., Active or Closed).

• Initial Cost: The Initial Cost field is always editable.
• Tax Cost: This field is blank if the Qualified Account option is selected on the Account Detail content link or if the Tax Deferred option in the Additional Options section is selected.

• Purchase Cost
• Interest Rate: This field is always editable. It is available only for cash & equivalent and fixed annuity positions.

• Compounding: This field is always editable. It is available only for cash & equivalent positions.
• Term: This field is always editable. It is available only for cash & equivalent positions.

Miscellaneous Information Section

These custom fields can be used to track position information that SmartOffice does not normally track. To relabel a field, click its Customize Field Label button . To customize the drop-down choices for a field, click its Customize

Choice button. For more information about custom fields, see Contacts and Businesses - Custom Content Link.

Additional Options Section

• Transaction Roll Up: This setting affects investment validation and can be changed only at the account level (see Account Detail Content Link).

• Roll Up Liabilities: This field determines whether liabilities listed on the Position Liabilities content link for this position should be included in investment validation calculations. For more information, see Investment Validation.

• Tax Deferred: If the investment account containing the position is a qualified account

(as indicated on the Account Detail content link), this option is selected by default and cannot be changed. In non-qualified accounts, this option can be changed to indicate whether the specific position is tax-deferred. This option affects the Tax Cost field in the Purchase Information section as well as the Cumulative Tax Cost column on the Position Transactions content link.

• Exclude from Performance: Select this option to exclude the position from time-weighted rate of return (TWRR) performance calculations and reports. After changing this option, the user must run performance calculations to ensure that returns are presented accurately. If the Exclude from Performance option is selected for the investment account linked to the position, the option is automatically selected for the position and cannot be cleared.

• Source of Data: This field indicates where the data used to create the position came from. Some of the more common sources are:
• Manually Entered: The position was created manually.
• Downloaded
• Modifiable: The position was created through an electronic download from a third-party provider.

• Downloaded
• Modified: The position was created through an electronic download from a

third-party provider and later edited manually. - Next Break Pt: For mutual funds, this field specifies the amount that the client must invest to qualify for reduced sales charges.

• LOI: For mutual funds, the LOI (Letter of Intent) field indicates the amount over the next breakpoint that the investor promises to invest in the fund within a given time period to receive a sales charge reduction.
• Expiration Date: The date by which a client who has signed a letter of intent much invest the promised amount.

Current Values Section

The fields in this section may or may not be editable depending on other settings in SmartOffice (for more information, see Investment Validation). When the fields are read-only, their values are calculated using data from areas such as the Position Transactions and Position Liabilities content links. -

Shares/Date: The number of shares in the position as of the specified date. If the value of the Shares field is negative, the position appears highlighted with a red background in position lists (SmartOffice considers a Shares value of less than -0.0005 to be negative).

• Price/Date: The per-share price as of the specified date.

• Current Value: When this field is read-only, SmartOffice calculates it as follows: Shares

× Price × Price Factor.

• Loan Balance: This field can be edited manually only if the Roll Up Liabilities option in the Additional Options section is cleared. When the Roll Up Liabilities option is selected, the field is read-only and is calculated by SmartOffice based on the data on the Position Liabilities content link.

• Net Value: This field is always read-only. SmartOffice calculates the value as follows: Current Value − Loan Balance.

• Annual Income/Yield: These fields are available only for Miscellaneous-type positions.

• Maturity Value/Date: These fields are visible only for cash & equivalent, fixed annuity and variable annuity positions. The Calculate option affects whether these fields are editable. If the Calculate option is selected, these fields are read-only and are calculated by SmartOffice using the values from the Current Value, Interest Rate, Term and Compounding fields. If the Calculate option is not selected, these fields can be edited by the user.

Annuity Options Section

Annuity positions feature this additional section, which contains these fields and options: -

Deferred Annuity

• Single Premium
• Maturity Value

• Maturity Date
• Annual Income

• Withdrawal

Remarks Section

Use the text box in this section to enter any miscellaneous comments about this position.