Getting Started

Application Design

There are two views in the application: Advisor and Client. The top-right corner tells you which view you’re in.

When it is light blue, you are in Advisor view (with your name). Here is where you can conduct your own research using any of the segments in the top menu bar. Access via the Advisor Dashboard tab on the landing page.

When it is navy blue, you are in Client view (with your client’s name). There will also be a purple frame around the entire application as a reminder. Any information you save here is for this specific client only. Access via the Client Management or the Advisor Dashboard tab on the landing page and select the client.

Set Up your Model Portfolios

The Portfolios segment in the top menu is where we offer different Portfolio Builders and where you can designate a saved portfolio as a "model". The models will show up in all of your Client views, ready to be used in the "Planning" segment, in Portfolio Proposals, and in the Compare function within the Wealthscope Portfolio Scorecard.

In Advisor View, create a portfolio using any one of the Portfolios Builders.
Save the portfolio by clicking the Disk (save) icon on the left of the Portfolio Scorecard.
Once saved, go to Portfolios -> Create or Revisit a Portfolio -> See Saved Portfolios (top right) and toggle it as a model portfolio. Note: this function is only available in Advisor View.

Enter Client Account Information

To track and analyze investment accounts for a client that you have added in Wealthscope, go to their Client View. You will land on the Accounts segment. Click "Add Accounts" near the top. Choose how you want to add the account information. Market values are updated daily.

For AI Uploaded and Manually Entered accounts, you can edit the information after a transaction or copy the account for tweaking. The tweaked copied account can then be used in the Proposal, Compare, and Reallocate tools. See the action buttons at the bottom of the account.

Let us know if you have a data provider we can work with to load your client data automatically.

Advisor and Client Profiles

Advisor: Go to your Profile at the top right to select the global setting for showing/hiding the Wealthscope scores upon landing on the Scorecard. You can also hide/unhide them on the fly by using the "eye" icon on the left panel in the Scorecard. Choose Firm Branding to customize your cover page for reports.

Client: Go to your client's Profile at the top right to set their Risk Profile/Monitoring. Once a risk profile is selected, it will show up in the Proposal tool for that client.

Present Client-Ready Recommendations

The Proposal tool helps you generate a client-ready portfolio proposal. It streamlines the Portfolio Scorecard and retains only the essential financial metrics of your client's existing investments against your recommendation. Follow these steps:

If you have saved the client's risk profile in Client View -> Profile, it will appear in the Proposal to show alignment with your recommendation.
Select an individual account, or grouped two accounts (for dual-currency accounts). Hover over the "More" button at the top right and select Proposal in the dropdown.
Read the landing page carefully for important information.
Add comparison accounts, portfolios, and/or benchmarks, up to 3 in total.

Reallocate client portfolio to your recommendation

Calculate the trades required to implement your recommended portfolio. Start in the client's existing account (not in "Overview"), and then select "Reallocate" in the "More" dropdown. You can reallocate the client's existing portfolio to your model, or to an account you have entered for the client.

Analyzing Accounts/Portfolios

In Wealthscope, an Account has all the details of an actual investment account such as quantity, price, market value...etc., and account values are updated daily. A Portfolio only has the holdings and allocation by weights.

For accounts, you can analyze (button at the top right):

an individual account.
a specific group of accounts. Use the "Group accounts?" toggle in the top left when you enter "Accounts".
all of a client's accounts together (analyze in "Accounts Overview").
at the household level. Create a household in "Client Management".

Note: If you group accounts in different currencies, USD accounts will be converted to CAD for the analysis.

For portfolios, using any one of the Portfolio Builders will automatically take you to the Portfolio Scorecard at the end of the user flow. You can save and revisit a portfolio by using the "disk" (save) icon on the left panel of the Scorecard.

Portfolio Scorecard with AI Insights

Your will land on the Overview page of the Scorecard and see an overall grade for the portfolio. The radar chart summarizes the results for each of 6 important portfolio dimensions: performance, downside protection, income, fund fees, diversification, and ESG. The analysis is based on the current composition of your client's portfolio. Click AI Insights to see a verbal summary, but be sure to go through the details in the Scorecard for a complete understanding.

The portfolio is evaluated against a benchmark that is automatically assigned based on the closest equity-to-fixed income ratio of your portfolio, e.g., 70% equity 30% fixed income. This benchmark serves as a reference point in scoring the performance and the downside dimensions in the scorecard. If the portfolio is just matching the benchmark, rather than outperforming it, it will receive a passing mark of 65%. You can also set your own custom benchmark at the top in Overview. For additional information, hover over the letter grades to read more or read the User Guide.

The Wealthscope Portfolio Scores are meant to give you a quick reference. It is up to you to hide/show them; use the eye icon on the left to toggle on the fly, or set a global preference for all Scorecards in your "Profile".

Custom Benchmark

In the scorecard, you can select a different set of indces to benchmark your portfolio's performance and downside scores. To set up custom benchmarks for all clients, save them in Advisor view using any scorecard -> "Change Equity Benchmark" at the top. You can also select these benchmarks in the Proposal Tool.

Compare

You can compare an account or a portfolio to a saved portfolio, another account, or a what-if portfolio you create on the fly. Look for the "Scale" icon on the left panel in the Portfolio Scorecard.

Backfilled securities

Some popular passive ETFs and CDRs have short history. Wealthscope has backfilled some of them for the purpose of portfolio analysis. See the full list here.

Enhance Your Narratives with Clients

We have built simple tools to help you craft your narratives to win clients' trust. Go to:

Planning -> Accumulation

Use these short work-flow tools to show clients why their current asset allocation/portfolio may make their financial goals unattainable:

Target Wealth estimates the nest egg required at retirement to meet lifestyle needs.
Target Saving estimates the monthly saving required to meet their target wealth.

Planning → Decumulation

There are two quick and cool educational tools to compare a client's life expectancy with the longevity of their savings. Are they at risk of outliving their money?

Portfolio Longevity focuses on the median (most likely) scenario.
Probability of Ruin - gives you the entire distribution of outcomes.

Our planning tools are integrated with the rest of the application. In all the simulations, you can select a portfolio or an account saved for the client or one of your models to illustrate why your proposal is the most suitable.

With a PRO account, you will also have access to planning tools with more details, such as tax-optimized drawdown plans and retirement blueprints. Make sure you read the introduction and the model assumptions before you enter your inputs. Test different assumptions and be sure to update your plan whenever there is a change in your client's personal and/or financial circumstance.

Now that you have a handle on the main features, you are all set to try the rest!
For a detailed description of all features, please download our User Guide (pdf).

If you have any questions, we are happy to help: contact@wealthscope.ca.

for Advisors

Getting Started