Amber Platform Transactions Guide: Segregate and Exclude Assets

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1 Amber Platform Transactions Guide: Segregate and Exclude Assets Financial Adviser Guide

2 Introduction Amber s Wrap Platform allows you to transact on your clients accounts, providing you with the ability to manage the client s assets and monitor their current value and performance. Amber are aware that whilst you may be required to schedule rebalances on your client s assets, you may wish to maintain certain assets as they are and for these assets to be left intact after any rebalance orders or additional transactions. The Platform will allow for you to Segregate and Exclude Assets, this guide will walk through a step by step process for performing both of these requests. What is the difference between Segregated and Excluded assets? Segregated Assets Is an asset held within the client s portfolio It may or may not form part of a strategy If the asset is not part of a strategy the asset can be segregated, to be removed from any rebalances If the asset is part of the strategy you would need to exclude the asset in order to the segregate it, to be removed from any rebalances Segregating assets will exclude the asset completely from both buys and sells, forming part of a rebalance. Excluded Assets This will always be a strategy asset It may or may not be held in the portfolio at the time Excluded assets will be included in any sells during a rebalance, unless it is segregated. Excluding assets will only ring fence them from purchases that form a rebalance order. The target allocation percentage will be divided across the remaining strategy assets on a pro rated basis

3 Selecting to Segregate or Exclude Assets Once you have selected the client s account, of which you would like to Segregate and/or Exclude assets, you should select the Details hyper link which is located on the client summary screen. You will be directed to the Strategy details screen. You should click Edit next to the Strategy Display Name.

4 Segregate an Asset Financial Adviser Guide

5 Segregating an Asset To Segregate assets you should click on Edit Segregated Asset List. Important Note: You can only segregate assets which are not part of a strategy. If you wish to segregate an asset which is part of the current strategy, you must exclude it first. You will be provided with a list of all assets the client holds which are held out side of the current strategy. You should select the asset/s you wish to Segregate by ticking the box next to the relevant asset name. Once you have made your selection you should click OK.

6 This will confirm the assets which will be moved to the Segregated Asset List. To confirm this instruction you should click OK and then Submit to continue, The Segregated Asset List can be amended at any time to remove or add assets. The selected assets will be automatically added to the Segregated Asset List and ring fenced from future rebalances and strategy raise cash instructions, within the account. You will still be able to trade them individually, or as part of non-strategy transactions.

7 Exclude an Asset Financial Adviser Guide

8 Excluding an Asset To Exclude assets you should click on Edit Excluded Asset List. You will be provided with a list of all assets the client holds which are held within the strategy. You should select the asset/s you wish to Exclude by ticking the box next to the relevant asset name. Once you have made your selection you should click OK.

9 This will confirm the assets which will be moved to the Excluded Asset List. To confirm this instruction you should click OK. The Excluded Asset List can be amended at any time to remove or add assets. Important Note: Excluding Assets will only ring fence the selected asset/s from buy orders which form a rebalance. The assets will be included in any sell orders which form a rebalance. If you wish to exclude the asset/s entirely from a rebalance, you must Segregate the asset after excluding. The selected assets will be automatically added to the Excluded Asset List and no further purchases will be made into the fund as part of a rebalance. You will still be able to make purchases into the fund individually, or as part of non strategy transactions.! Important Note: This does not protect the asset from being sold, unless it is also segregated.

10 Checking Your Segregated and Excluded Assets Financial Adviser Guide

11 It is important to check this tab before proceeding with any transactions which may involve selling or purchasing assets to ensure you are aware of all assets which may not be included in your order Checking Segregated and Excluded Assets You can check all segregated or excluded assets using the same process for instructing a segregation or exclusion of an asset. To check all segregated and excluded instructions which currently exist on the account you should select the client s account and select the Details hyper link which is located on the client summary screen. You will be directed to the Strategy details screen. You should click Edit next to the Strategy Display Name.

12 This will provide a list of all assets which have been segregated or excluded on the account You can remove the segregation or exclusion on the asset at any point by clicking on Edit. You should click on the Edit Segregated Asset List or Edit Excluded Asset List. This will list the segregated/excluded assets: To remove the Segregation/Exclusion on the asset you should untick the box and click OK at the bottom of the pop up box. This will display the removal of the asset. To confirm the removal you should click OK for a final time and the Segregation/Exclusion will be removed.

13 Additional Information When changing the strategy on a clients account, it is vital to ensure that you review the segregated asset list to ensure that any conflicts are resolved and the assets that you wish to keep as segregated are maintained. If your client does hold assets outside of their selected strategy and they are not segregated/excluded, they will be rebalanced as part of the scheduled or Ad Hoc strategy rebalance. Commit Positions is a function also available on the Platform which will allow you to ring fence cash or assets to be excluded from any transactions Definitions Segregating an Asset: Segregating an asset will exclude the asset from being sold as part of rebalances.. Excluding an Asset: Excluding an asset will exclude it from purchases that form a rebalance. It will not exclude in from sale orders during a rebalance, unless it is segregated as well. Excluding and Segregating an Asset: Excluding and Segregating an asset will ensure the asset is excluded from all purchases and sales.