Zurich Portfolio Report. Support document

Transcription

1 Zurich Portfolio Report Support document

2 Introduction We understand how pivotal the review meetings you have with your clients are to your relationship with them and having the right information at these meetings is key. Explaining the performance of their investments to your clients helps demonstrate the value of the service you provide them. MR CLIENT JOE NME LOGGS MY ZURICH PORTFOLIO Portfolio No: ZR ZR Prepared by:. N. dvisor Report date: 01/01/2014 to to 30/11/2014 Developed with FE, the Zurich Portfolio Report available on the Zurich Intermediary Platform helps you collate information from across the platform supplying you with a single report for use during client reviews. The report is aimed at reducing your administrative burden whilst delivering a review process that brings to life your clients investments. The information in the report is simple, straight forward, easy to understand and is generated via the Zurich Intermediary Platform. The report provides an all in one view of a client s portfolio and accounts within it, helping you to structure client review meetings. The report includes a summary, at both portfolio and account level, of the transactions that have taken place during the reporting period such as payments in, payments out, income, costs and portfolio growth. The report can be generated for individual, joint and trust portfolios across the following time frames: Since inception Last 6 months Last 12 months Current tax year Previous tax year Year to date This document walks through the Zurich Portfolio Report and the key information included. With the exception of reports generated for the previous tax year, the data in the report will reflect the Portfolio's position as at the end of the previous day. This is reflected in the dates shown on the report. The report is generated from an FE web page which can be accessed via the client portfolio dashboard or from the portfolio search screen. 02

3 My Zurich portfolio The front page will always be branded with Zurich and FE logos. The customer name will automatically be inserted. For Portfolios held in trust, the portfolio name will be used. It is not possible to produce a combined report for multiple Portfolios. MR CLIENT JOE NME LOGGS MY ZURICH PORTFOLIO C The name of the adviser linked to the portfolio will show here. C Portfolio No: ZR ZR Prepared by:. N. dvisor Report date: 01/01/2014 to 30/11/

4 Commentary NON CLIENT CLIENT NME 6739 MY ZURICH PORTFOLIO COMMENTRY Copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here.copy and paste your words here. Prior to generating the report, advisers can use the free text space on the FE webpage to add their own wording which will appear in this section of the report. This allows the adviser to personalise the report for their clients. If the adviser does not add any commentary, this page will not appear. The content of this section is left at the adviser's discretion but possible uses are: meeting agendas previous client goals market commentary possible future planning needs to discuss. Prepared by:. Mike N. dvisor Goodenough Report date: 01/01/ /04/2013 to 30/11/

5 Portfolio summary MR CLIENT JOE NME LOGGS MY ZURICH PORTFOLIO MR MR JOE JOE LOGGS MR JOE MR MY LOGGS MY JOE MR ZURICH LOGGS JOE MY LOGGS PORTFOLIO ZURICH MR MY JOE ZURICH MY PORTFOLIO LOGGS ZURICH MR PORTFOLIO JOE MY PORTFOLIO LOGGS ZURICH MR JOE MY PORTFOLIO LOGGS ZURICH MY PORTFOLIO ZURICH MR JOE PORTFOLIO LOGGS MY ZURICH PORTFOLIO PORTFOLIO SUMMRY PORTFOLIO PORTFOLIO This PORTFOLIO SUMMRY PORTFOLIO SUMMRY PORTFOLIO table provides a summary SUMMRY SUMMRY PORTFOLIO SUMMRY PORTFOLIO SUMMRY SUMMRY PORTFOLIO SUMMRY of the transactions in your portfolio. This This table table provides provides This a summary table a summary Portfolio This provides of table the This of provides a the summary table transactions Summary provides a summary of in the This your a in transactions summary table your portfolio. of the portfolio. provides from transactions of in the This your a transactions summary table 01/01/2014 portfolio. in provides your of portfolio. in the This your a transactions summary table portfolio. provides to of 30/11/2014 in the your a transactions summary portfolio. of in the This your transactions table portfolio. provides in your a summary portfolio. of the transactions in your portfolio. Portfolio Portfolio Summary Portfolio Summary from from 01/01/2014 Portfolio Summary from 01/01/2014 Portfolio Summary to from to 30/11/ /01/2014 Portfolio Summary to from 30/11/ /01/2014 Summary to from 30/11/ /01/2014 Portfolio to from 30/11/ /01/2014 Summary to 30/11/2014 Portfolio Summary from 01/01/2014 to 30/11/2014 to from 30/11/ /01/2014 to 30/11/2014 Stocks & Investment Retirement Drawdown Cash Portfolio Shares Cash IS Stocks & Stocks & ccount ccount ccount ccount C Stocks & IS Stocks & Stocks & Stocks & Stocks & Stocks & Investment Stocks Investment Retirement & Retirement Investment Drawdown Retirement Investment Drawdown Cash Retirement Investment Drawdown Cash Retirement Cash Investment Drawdown Cash Retirement Drawdown Cash Investment Drawdown Cash Retirement Cash Drawdown Portfolio Shares Portfolio Shares Portfolio Shares Portfolio Shares Investment Portfolio Shares Retirement Cash Cash Portfolio Shares IS Drawdown IS Cash Shares IS Cash Portfolio IS Cash Portfolio Cash Shares IS Cash IS Cash IS Cash IS ccount Shares ccount ccount ccount ccount Cash ccount IS ccount ccount ccount ccount ccount ccount ccount ccount Value at 01/01/2014 IS IS 590, IS ISccount IS 24, ISccount 566, ISccount IS ccount IS Value Value at at 01/01/2014 Value at Single Value 01/01/2014 Payments at Value 01/01/2014 at 01/01/2014 In 590, Value at 590, /01/2014 Value 590, , at 590, /01/ , Value 1, , at 590, , /01/ , , , , , Value 10, , , at 590, /01/ , , , , , , , , , Single Single Payments DSingle In In Payments Regular Payments In 2, , Single Payments Single In Payments In 12, Single In Payments 12, , Single In 12, Payments 1, , Single In 1, Payments 1, , , In 10, , , Single 10, Payments 10, , , In 1, , , , , , , , , , , , , , C 1, Regular Regular Payments Regular In In Transfers In 1, Regular Payments In 1, , Regular Payments Regular Payments In Payments In 2, Regular In Payments 2, Regular In 2, Payments 2, Regular In Payments 2, In 2, , , , , , , , , Transfers In In Transfers Initial In dvice Transfers Charge In 1, Transfers E Transfers In Transfers In 1, Transfers In In 1, Transfers 1, In 1, , , , , , , , , , , Initial Initial dvice dvice Charge Initial Charge dvice Net Initial mount Charge dvice Initial Charge dvice Invested Charge Initial dvice Charge Initial 15, dvice Charge Initial 1, dvice Charge , Initial dvice Charge , , F Net Net mount mount Net Invested mount Net mount Invested Net mount Invested 15, Invested Net mount 15, , Invested Net 15, mount 1, , Invested Net 1, mount 1, , , Invested 10, , , , Net mount 10, , , , Invested 3, , , , , , , , , , , , , , , , , , , , , ccount Transfers 5, , , , ccount ccount Transfers ccount Single Payments ccount Transfers Out ccount - 61, Transfers ccount Transfers - 5, ccount - 60, , Transfers - 1, , , , ccount Transfers Transfers ccount Transfers 5, , , , , , , , , , , , , , , , , Single Single Payments Single Out Out Payments Regular Single Payments Payments Out Single Out Payments Single Out - 3, Payments - 61, Single Out Payments - 61, Out - 61, Single Payments - 60, , , Out - 60, , , , , Single Payments Out Out - 61, , , , , , , , , , , , , , Regular Regular Payments Regular Out Out Transfers Regular Out Payments Regular Out Payments Regular Out Payments - 3, Regular Out Payments - 3, Out Regular Payments Out - 3, , Regular Payments Payments Out Out - 3, , , , , , , , , Transfers Out Out Transfers Fees Out and Transfers Charges Out Transfers Out Transfers Out Transfers Out Transfers Out G Transfers Out Fees and Income H Fees Fees and and Charges Charges Charges Fees and Charges Fees and Charges Fees 1, and Charges Fees and Charges Fees 1, and Charges Fees and Charges Income Income Income Gain/Loss Income Income 1, Income 4, , Income , , , Income 3, , , , , , Income 1, , , , , , Gain/Loss Gain/Loss I Value Gain/Loss at Gain/Loss 30/11/2014 4, Gain/Loss , Gain/Loss 545, , , Gain/Loss 6, , , , , , , Gain/Loss 3, , , , , , , , , , Value Value at at 30/11/2014 Value at Return Value 30/11/2014 at Value % 30/11/2014 at 30/11/ , Value at 545, /11/2014 6, Value 545, at 545, , /11/ , Value 6, , at 545, , , /11/ , , , , , , , Value 505, , , at , , , /11/ , , , , , , , , , , , , , , , , , , , , , , D 3, K This graph shows a summary of the transactions in your portfolio. This This graph graph shows shows This a summary a graph summary This shows of graph the of This a the summary shows graph transactions a shows summary of in the your This a in transactions summary your portfolio. graph of the portfolio. transactions shows of in the This your a transactions summary graph portfolio. in your shows of portfolio. in the This your a transactions summary graph portfolio. shows of in the your a transactions summary portfolio. of in the This your transactions graph portfolio. shows in your a summary portfolio. of the transactions in your portfolio. E For full details on the terms used within this table, please refer to reference 1 on page 10 of this guide. The Drawdown ccount includes all crystallised tranches held in the Portfolio, summarising them into one single account. Cash ccount This section shows an overview of the transactions that have taken place during the reporting period. It helps to answer the key customer questions up front. The content is dynamic, only showing the accounts that have been held in the Portfolio between the reporting dates. Equally, where a transaction type e.g. Transfer Out has not occurred on a Portfolio during the reporting period, that row will not appear in the table. Tax relief is included as part of the relevant Single or Regular Payment In i.e. This includes gross pension payments. This is the total of initial and regular initial adviser charges. J F G H I J This is the total amount invested during the period, less any initial or regular initial adviser charges. Income includes dividends, interest and fund rebates. Fees and charges includes ongoing and one off adviser remuneration and Zurich charges. Gain/Loss excludes income. It includes both realised and unrealised gains/losses. This graph is a representation of the transactions that took place in the Portfolio during the reporting period. Prepared by:. N. dvisor Report date: 01/01/2014 to 30/11/2014 Prepared by:. by: Prepared N.. dvisor N. dvisor Prepared by:. Prepared N. by: dvisor. N. by: dvisor. Prepared N. dvisor by:. Prepared N. dvisor by:. Prepared N. dvisor by:. N. dvisor Report Report date: Prepared date: Report 01/01/2014 by:. date: Report N. to dvisor to 01/01/2014 Report date: 30/11/ /01/2014 date: to 30/11/ /01/2014 Report to 30/11/2014 date: to 30/11/ /01/2014 Report date: to 30/11/ /01/2014 Report date: to 30/11/ /01/2014 to 30/11/2014 Report date: 01/01/2014 to 30/11/2014 k For full details, please refer to reference 3 on page 12 of this guide. 05

6 C ccount valuations The report will include a valuation page for each account the customer holds during the reporting period. This table shows the underlying assets held in the account, including assets held in a model portfolio. ssets held within a model portfolio, including Investment dviser model portfolios, will be shown in a sub-section. The sub-section will be labelled with the model portfolio name. For full details, please refer to reference 2 on page 11 of this guide. This table shows a snapshot of the current holdings in the particular account as at the reporting end date. It does not include holdings that have been disposed of. D C D This shows the gain/loss on the holdings as at the date shown, for as long as they have held the asset on the platform (i.e. not just the reporting period). It excludes any gain/loss that has been realised. This graph compares the value of the account against the contributions made to it. Where the green line is above the blue line it indicates a gain, where it is below the blue line it indicates a loss. E E This graph is a representation of the activity that took place in the account during the reporting period. 06

7 C D C D Investment account gains and losses This section can help advisers to decide whether the customer needs professional tax advice. longside this report, we also provide the transaction listing report, consolidated tax certificate and trading confirmations for every customer, to support advisers. This section is aimed at helping advisers to broadly explain the gains/losses that have arisen on a customer's investments, but must not be used to input figures on a customer's tax return. The report does not account for any transactions on holdings for any period that they were not held on the platform (so any gains/losses shown for assets that have been re-registered onto the Zurich platform will relate only to the duration they have been held by us). In addition, corporate actions are not necessarily processed in line with HMRC regulations. Zurich always recommends that customers seek appropriate financial and tax advice. The consolidated tax certificate and trading confirmations provide the necessary base information to prepare accurate CGT calculations. The results of those calculations then feed through onto the customer's tax return. This table shows realised gains/losses during the reporting period. This table shows unrealised gains/losses. This figure is always calculated since the asset has been held and not exclusively based on the reporting period. This section shows totals of the income in the Investment ccount. This section shows totals of the costs in the Investment ccount. 07

8 Portfolio performance NON CLIENT CLIENT NME MY ZURICH PORTFOLIO PORTFOLIO PERFORMNCE Total Portfolio Performance Total performance is calculated based on the values of the funds and incorporating income and expenses, from 26/02/2014 to 25/02/2015. Past performance is no guarantee of future performance. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change. Total Retirement ccount Performance ank Of England ase Rate Portfolio Total Stocks and Shares IS Performance from 01/01/2014 to 30/11/2014. Performance fluctuates over time, but it is helpful when assessing performance to understand the rate of return from an investment how is the investment doing, what s the overall impact of the interest, dividends, capital growth, charges etc. There are various ways to do this, but the Performance section of the Zurich Portfolio Report uses time weighted return calculated daily to provide an overall view of performance. The Portfolio Performance section uses the ank of England base rate as a benchmark. ank Of England ase Rate Retirement ccount ank Of England ase Rate Stocks and Shares IS Prepared by: Rhiannon. N. dvisor Vallis Report date: 26/02/ /01/2014 to 25/02/ /11/

9 Portfolio breakdown MR CLIENT JOE NME LOGGS MY ZURICH PORTFOLIO PORTFOLIO REKDOWN Cash vs Invested ssets as at 30/11/2014 This section provides a breakdown of the holdings in the portfolio at the end of the reporting period. This graph distinguishes between available cash and invested assets. The cash figure proportion does not include money market funds. The charts below show how the portfolio is allocated across asset classes, industrial sectors and major world regions, as at 30/11/2014. sset llocation Top 10 Holdings Holding % Weight sset Class % Weight UK Equities European Equities Money Market 9.51 North merican Equities 4.30 sia Pacific Emerging Equities 2.29 sia Pacific Equities 1.55 merican Emerging Equities 0.01 STRZENEC PLC 8.28 GLXOSMITHKLINE 7.48 RITISH MERICN TOCCO 5.61 IMPERIL TOCCO GROUP 5.25 ROCHE HLDG G 5.10 E SYSTEMS 5.00 T GROUP 4.67 ROLLS-ROYCE HLDGS PLC 4.02 CPIT PLC 3.92 RECKITT ENCKISER GROUP PLC 3.66 Sector llocation Sector % Weight Financials Services Health Care Telecom, Media & Technology Industrails Money Market 9.51 Consumer Products 7.80 Oil & Gas 4.58 Utilities 3.74 Region llocation Region % Weight UK European Ex UK Money Market 9.51 North merican 4.30 Pacific asin 2.58 sia Pacific 0.80 ustralasia 0.46 mericas Prepared by:. N. dvisor Report date: 01/01/2014 to 30/11/

10 Reference 1 Single Payments In The total of all incoming one-off single payments (including tax reclaims). Regular Payments In The total of all incoming regular payments (including tax reclaims). Transfers In The total of all incoming cash transfers or asset re-registrations. Initial dviser Charge The total of all initial and regular initial adviser charges. Single Payments Out The total of all outgoing one-off payments. Regular Payments Out The total of all outgoing regular payments from an account. Transfers Out The total of all outgoing cash transfers or asset re-registrations. Fees and Charges The total of all Zurich charges and adviser remuneration excluding any initial and regular initial adviser charges. Net mount Invested The total of all Single Payments, Regular Payments and Transfers In less any Initial dviser Charges. ccount Transfers The total of all assets moved from one account to another. This only includes movements that take place within a Zurich Portfolio and does not include transfers to or from external accounts or assets moved to or from one Zurich Portfolio to another. Income The total of dividends, interest and fund rebates. Gain/Loss The difference between the closing value and opening value, less any income. 10

11 Reference 2 The investment cost is used to calculate the gain/loss on a holding. It is the average cost of the units/shares you hold multiplied by the number of units/shares you hold. Why do you do it that way? If you ve bought the same type of shares or units on several different occasions and you then sell some of them, you need to know the cost of the shares or units you are selling in order to calculate the gain/loss that you ve made on: 1 the units/shares you re selling 2 the units/shares you re still holding after the sale In the same way as you would for a CGT calculation, the Zurich Portfolio Report treats the shares/units as being held in a pool and acquired at their average price. Example Jade buys 100 units of Fund for 100 (a price of 1 per unit). month later she buys 100 more units in Fund for 200 (the price now 2 per unit). She now holds 200 units at a cost of 300, but worth 400. The next month the value of the units rises to 3 per unit. She now holds 200 units which cost her 300 and are valued at 600. Jade then decides to sell 100 units. This provides sale proceeds of 300. The investment cost enables you to calculate the gain made on the units sold, despite only part of the holding being sold. This is done by: establishing the proportion of units sold (100/200 units = 50% of holding) allowing you to establish the proportion of the cost that forms the sale proceeds (50% x 300 (investment cost) = 150) the gain on the units you are selling can then be established ( 300 (sale proceeds) (cost) = 150 gain) 11

12 Reference 3 What is money weighted return? Money weighted return is a way of measuring the average performance of investments over a period of time, taking into account how much and when payments were made in or out of a Portfolio. Its comparable to the interest rate required in order to get back the same amount. Why do it this way? The timing of payments in and out of a Portfolio can have a large effect on the performance. We believe money weighted return is a useful and comparable way of measuring performance. More simplistic methods can sometimes be misleading. Example On 31 st December 2014 a Portfolio was worth 250,000. It grows to 290,261 by 15 th September 2015, at which point another 25,000 is paid in. So the Portfolio is now valued at 315,621. y the 31 st December 2015, the Portfolio has fallen in value to 298,082. The Portfolio s value is greater than the sum of the initial value ( 250,000) and the payments in ( 25,000), but in contrast to the strong early growth your Portfolio experienced, since paying in 25,000 it hasn t grown. s such, its earned a return on the initial 250,000 but its lost money on the 25,000. In order to work out the overall rate of return, we can use money weighted return. money weighted return would average out the performance providing a money weighted return of 9.0%. 12

13 For use by professional advisers only. No other person should rely on or act on any information in this document when making an investment decision. Zurich is a trading name of Sterling IS Managers Limited. Sterling IS Managers Limited, authorised and regulated by the Financial Conduct uthority. Registered in England and Wales under company number Registered Office: The Grange, ishops Cleeve, Cheltenham, GL52 8XX ( ) (03/16) TCL