Portfolio Management Software Programs By John Bajkowski

Size: px
Start display at page:

Download "Portfolio Management Software Programs By John Bajkowski"

Transcription

1 COMPARISON Portfolio Management Software Programs By John Bajkowski No matter what techniques you use to select your investments, you must have a system in place to track your holdings. This process of portfolio management should provide a feedback system for tracking the performance of a security, its interaction with other securities in your portfolio, the allocation of assets within your portfolio, and the overall performance of your portfolio. The system also functions as an important accounting tool that tracks the income and purchases and sales of your portfolio holdings and helps calculate the tax liability of your portfolio actions. This product comparison examines portfolio management software systems designed to help you accomplish these tasks. July/August 2005 The Features Portfolio management systems can be broadly categorized as three types: software-based, Web HTML-based, and Web applet-based. Software-Based: Most sophisticated system. A program is installed to your hard drive, where all analysis takes place. Security price updates are usually made via the Internet. Users must pay for software and possibly for on-going support and updates. Web HTML-Based: Least sophisticated; most common type of Web-based service. System is run entirely within your Web browser and reports are limited to what is displayed within your browser. These systems are mostly free of charge and widely available on the Internet. Web Applet-Based: Users download a small program know as an applet from a Web site. This applet is installed on your hard drive and analysis and report generation is performed locally on your computer using data from an Internet feed. Applet-based systems are more likely to require a paid subscription that also provides access to stock and mutual fund data and screening. This comparison examines softwarebased portfolio management systems geared toward the typical individual investor. All of the software programs have Windows-based versions, while Intuit and Portfolio Systems, Inc. offer both Macintosh and Windows versions of their portfolio software. We examine Web-based approaches in a separate product comparison (see the July/August 2004 issue of Computerized Investing). Overall, we still feel that neither type of Web-based portfolio manager can yet replace the best software-based systems. Most Web-based services have limited capabilities for reporting on realized gains and losses and investment income; return calculations are generally less powerful as well. The Web-based tools offer speedy data and news retrieval and are best considered as a companion or compliment to your software program. They are very helpful in keeping you abreast of what is happening with your portfolio and notifying you of any events that might affect it. Your Shopping List The comparison grid on pages 12 to 15 details the features and functionality of each program. This article touches on the primary factors to consider when selecting a portfolio management tool and includes general descriptions of each of the programs. When shopping for a portfolio management program, it is best to develop a shopping list or checklist of features to consider. These features include: costs, securities/assets handled, transactions handled, reporting strength and flexibility, data updates, and ease of use. Costs When the issue of price comes into question, one needs to look beyond the retail price tag. The time spent learning how to use a program, configuring it to your data source, and entering in your pertinent trading histories and individual security information should be considered as part of your overall cost. In the long run, these three issues alone far outweigh the importance of the initial price of a program. Therefore, take your time in selecting a portfolio management application. Make sure you are making the correct choice for your needs. If you simply go out and buy the program with the most number of checkmarks in our grid, you may find it still sitting on a shelf collecting dust two years from now because it was too difficult to use and really did not meet your needs in the first place. Consider these cost issues now before investing your money and, more importantly, possibly wasting your time. When analyzing your situation, consider not only your current needs, but any possible future needs as well. If a demo of the program you are interested in is available, be sure to get it and test drive the program. Often the cost of the demo can be applied to the purchase price. Most of the program vendors in this comparison offer free demos downloadable at their Web sites; this is noted in the comparison grid. Securities/Assets Handled When looking at the scope of securities accommodated by any prospective program, consider not only the types of securities or assets that you currently hold, but also those securities you might want to purchase in the future. All programs cover the basic security classes stocks, bonds, mutual funds, and cash. Some programs will specialize in one area, such as options or mutual funds. While the program in question may cover one area well, it may not be flexible enough to track other types of securities should the scope of your investment holdings expand. 9

2 If your portfolio includes unusual securities or assets, such as derivatives, pay close attention to whether or not a program handles them. Also, other sections within the comparison grid relate to security and asset coverage: Transaction types, security lot assignments, reports, and even data services can affect how you track, organize, and analyze your portfolio. Any solid portfolio management program should also allow you to measure the diversification of your holdings. These programs can sort your portfolio into various categories in order to measure diversification. Some programs even measure the diversification within a particular asset class. For example, you may want to examine the industry breakdown of your stock portfolio or the state-bystate makeup of a municipal bond portfolio. Transactions Handled The transactions supported by the program are closely related to the types of securities that the program is designed to handle. Make sure that any potential program includes all the relevant transactions you might require. All the programs compared here handle standard transactions such as buy/sell and cash dividends. However, the ability to handle short sales and return of capital are key areas where the programs vary in their coverage. Related to the issue of transactions handled is the ability to specify security lot assignments for any given transaction. Security lot assignments are detailed in the comparison grid immediately below the transactions section. This is an important feature, especially to those interested in tax liability issues and tracking performance. (A lot is the total number of units involved in a given trade.) If you reinvest dividends from your mutual funds and stocks, you will find yourself tracking numerous lots over a long period of time. Any solid portfolio management package will automatically match buy and sell lots for different accounting strategies for the purpose of reducing one s tax exposure. These strategies include: first-in-first-out (FIFO), average cost, and specific lot. Finding an application that handles all three lot assignment methods is key when deciding on a program. Reports Reports allow you to analyze your portfolio and investments. The 10 applications vary widely in the types of reports they provide as well as in the strength and flexibility they offer. Vendors that offer different levels of their application often use report flexibility to differentiate their products Option Money and Portfolio Director by Portfolio Systems, Inc. in this comparison provide one example. Portfolio Director is geared toward professional managers and features a range of performance reports, while Option Money is offered without these important reports. Again, check to see if the programs that you are considering have the types of reports you want, but also look at other reports offered that you do not currently use in your analysis. They might enhance the overall evaluation of your portfolio. While you want to be sure that a program provides enough flexibility and functionality to complete your current task list, consider possible future needs with regard to securities and transactions handled along with reporting capabilities. Doing so now will save you time and effort down the road. The current holdings report lays out the composition of your portfolio. It is a basic report that indicates which securities are in the portfolio, their original cost, current value, gain or loss, and perhaps some security statistics such as dividend yield, priceearnings ratio, or beta. The holdings by lots report breaks down the composition report into finer increments, indicating each purchase at a specific date and price. This gives a clear, detailed history of your transactions and provides guidance for selecting which lots to sell to manage taxes. Tax schedules pertain to the Schedule B and Schedule D reports. Designed for computing interest and dividends received from a portfolio, Schedule B reports allow you to estimate tax debt (or credit) before year-end statements arrive. Tax Schedule D reports compute long- and short-term capital gains and group assets that will yield capital gains with tax liabilities. If you are going to rely on your portfolio management program to produce these schedules, make sure that adjustments can be made should tax laws change regarding factors such as short- or long-term holding periods in the future. Ideally, the program should also track foreign tax withheld on your securities to help ensure that proper credit is accounted for when filling out your taxes. Tax reports are provided for a given tax year, so programs generally include a dialog to select a given year to report upon. The projected cash flow report serves as a forecast of the expected portfolio cash income from dividends, interest, and bond maturities. This report is useful for estimating retirement income and allows you to structure asset holdings based on future needs. The issue of flexibility comes into play with the options of customized reports and batch processing capabilities. Customization choices range from content-related, such as time period, to cosmetics-related, like column and row headings or even font size. Batch, or group, processing simply involves completing multiple print jobs of different types of reports at one time. Batch reporting is typically found in products geared for institutional client reports. Portfolio alerts highlight when a security has crossed some predetermined price threshold. Such an alert may highlight a need for investigation that might otherwise go unnoticed. Performance Reports The section of the grid entitled Performance Reports depicts the various ways a program summarizes how well your investment holdings have fared. A basic part of the portfolio 10 CI

3 management process is to determine and analyze performance and, therefore, this section should be studied carefully. The number of performance reports offered helps some programs stand out from their competitors. The level of performance reports available is discussed in the brief program summaries that follow. A program that provides reports for securities, industries, and asset classes will not only give you the performance of each segment, but also will provide portfolio allocation analysis. Some programs allow for an examination among various asset classes such as domestic or foreign equities, bonds, or cash while others provide industry breakdowns. It is also important to find a program that has the ability to produce reports covering single and multiple portfolios. You will want a program that addresses the diversified aspects of all your holdings for all your portfolios, rather than one that can only concentrate on a single portfolio. All of the programs in this comparison provide a return for the current holding period, which examines gain or loss from the time the security is purchased. Most programs now also offer returns for designated periods, called between-period returns in the grid. Programs that feature the ability to designate time periods allow you to monitor security performance during a known market environment, as well as to examine all of your securities over the same time period. To designate time periods, a program must be able to store snapshots of your portfolio holdings and values at specific points in time and not just the current positions and prices. Some programs, such as Reeally!, can automatically create a price history from free Internet data sources and use the history to display portfolio returns over time. Portfolio return reports paint the clearest picture of how well your investment holdings have performed. However, it is important to understand which type of return is best for the individual investor. Both a value-weighted (also referred to as a dollar-weighted) July/August 2005 internal rate of return (IRR) and a time-weighted rate of return can be calculated by portfolio management software. But which one is right for your analysis? For the individual investor looking to gauge the true performance of a personal portfolio, the internal rate of return is desired because it represents the rate of return earned by your investments. The internal rate of return is both a value-weighted and time-weighted calculation because it considers the time when inflows and outflows are made to the portfolio, the amount of these flows, and the combined impact upon the overall rate of return. The time-weighted return is most often used to analyze the performance of investment decisions made by a portfolio or money manager. The time-weighted calculation directly ignores the impact of any cash added or removed from the portfolio because the manager most often does not have control over such events. However, not only does an individual have control over these inflows and outflows, but they impact the portfolio rate of return, the portfolio value and your wealth. Look for applications that offer both returns, but be sure to check for the internal rate of return. When a program provides taxadjusted returns, this simply means that it generates pretax and aftertax returns. These programs automatically calculate the tax liabilities of your transactions and report their impact on the rate of return of the securities and portfolios. Programs that follow AIMR-PPS standards adhere to the accounting and presentation standards established by the Investment Performance Standards Policy Group. These include: calculating a total rate of return, providing year-by-year rates of return, and allowing for consideration of portfolio management costs. Useful reports are a key consideration in selecting a program. If a demo of the program you are considering is not available, request that the company send you printouts of the available reports using a sample portfolio. Data Support It is common for portfolio management programs to offer a direct connection to an on-line service for price updates. The comparison grid indicates the information services supported by each program. The grid also shows the various formats supported for exporting and importing information. In most cases, this refers only to the transfer of security price information. Programs that support OFX stand a good chance of importing transaction data from your on-line broker. The Open Financial Exchange (OFX) specification allows for the electronic exchange of financial data between financial institutions, businesses and consumers via the Internet. OFX supports a wide range of financial activities such as banking, bill payments, and investment tracking including stock, bond, mutual fund, and 401(k) account details. Over 30 brokers currently support this OFX format, making it easier to pull in transaction data. Note that your broker may only keep a limited history of your data on the OFX server, requiring investors to be diligent about updating their accounts. Ease of Use The great intangible aspect involved in selecting a portfolio management program centers around how easy the program is to use. In general, there is a trade-off between a simple, easy-to-use interface and a strong set of portfolio management and analytical features. The more advanced programs seem to bring along an extensive interface with their highly evolved capabilities. When considering how easy the program is to learn, also consider how easy and quick it is going to be to perform your normal maintenance tasks, such as entry of purchases and sales and the reinvestment of dividends. When falling in love with a program s extensive coverage, remember that a longer learning curve will most likely be involved. No area of analysis warrants getting a demo more than portfolio manage- (continued on p. 16) 11

4 PRODUCT COMPARISON: PORTFOLIO MANAGEMENT SOFTWARE Program Name Company Telephone Web Site Address Price Demo Available (Cost) Platform (Mac, Windows) Maximum Portfolios/Securities per Portfolio Maximum Securities/Transactions per Security Securities/ Cash/Stocks/Mutual Funds Assets Bonds (Fixed/Variable/Zero/PIK) Handled Annuities Options/Futures/Warrants Real Estate/Partnerships User-Defined Security Identification (Name/Ticker/CUSIP) Classification Account Number/Management Firm Asset Class (Predefined/User-Defined) Industry (SIC Codes/User-Defined) Transactions Deposit/Withdrawal; Buy/Sell Handled Short/Cover Margin Receive/Deliver Security Return of Capital Dividends (Cash/Stock/Splits/Reinvest) Interest Income Bond (Discount/Premium/Amortization) Treatment of Fees/Commissions Security Lot Assignments (Avg.Cost/FIFO/Specific Lot) Automatic Security Lot Assignment Reports Current Holdings Holdings by Lots Tax Schedules (Interest/Dividend/Capital Gains) Projected Cash Flow Customized Reports Batch Reporting Alerts Performance Security/Industry/Asset Reports Portfolio (Single/Multiple) Holding Period/Between-Period Returns Value-Weighted IRR/Time-Weighted Returns Tax-Adjusted Returns Benchmark Comparison Follows AIMR-PPS Standards Data Support Data Services Supported Imports Brokerage Transactions Import Formats Supported Export Formats Supported Captool Individual Investor 1.74h Captools Co. Fund Manager Beiley Software Inc. 800/ / $249 $59 (Personal); $195 (Professional) (free) Windows unlimited/unlimited unlimited/unlimited Internet ASCII, quote-, comma-delimited ASCII, quote-, comma-delimited (free) Windows Personal: unlimited/500, Pro: unlimited/2,000 unlimited/unlimited (options) (name/ticker) (account number) (user-defined) (security/asset) (time-weighted) Internet OFX, QFX Quicken, OFC, OFX, QIF ASCII, comma-, quote-delimited, QIF 12 CI

5 Investor s Accountant Microsoft Money 2005 NAIC Portfolio Record Keeper Hamilton Software, Inc. Microsoft, Inc. NAIC/Quant IX Software 800/ / / $ $79.95 (Premium) $139 (free) (free) (free) Windows Windows Windows unlimited/unlimited unlimited/unlimited unlimited/unlimited unlimited/unlimited unlimited/unlimited unlimited/unlimited (fixed/zero) (options) (real estate) (real estate) (name/ticker) (account number) (user-defined) (security) (time-weighted) Internet Microsoft Internet OFX, QFX comma-delimited, tab-delimited Quicken, QFX, OFX, QIF ASCII, CSV, SSG, SIP ASCII, comma-, quote-delimited QIF, TXF, Excel ASCII, CSV, Excel, DIF, WK1, WRI July/August

6 PRODUCT COMPARISON: PORTFOLIO MANAGEMENT SOFTWARE Program Name Company Telephone Web Site Address Price Demo Available (Cost) Platform (Mac, Windows) Maximum Portfolios/Securities per Portfolio Maximum Securities/Transactions per Security Securities/ Cash/Stocks/Mutual Funds Assets Bonds (Fixed/Variable/Zero/PIK) Handled Annuities Options/Futures/Warrants Real Estate/Partnerships User-Defined Security Identification (Name/Ticker/CUSIP) Classification Account Number/Management Firm Asset Class (Predefined/User-Defined) Industry (SIC Codes/User-Defined) Transactions Deposit/Withdrawal; Buy/Sell Handled Short/Cover Margin Receive/Deliver Security Return of Capital Dividends (Cash/Stock/Splits/Reinvest) Interest Income Bond (Discount/Premium/Amortization) Treatment of Fees/Commissions Security Lot Assignments (Avg.Cost/FIFO/Specific Lot) Automatic Security Lot Assignment Reports Current Holdings Holdings by Lots Tax Schedules (Interest/Dividend/Capital Gains) Projected Cash Flow Customized Reports Batch Reporting Alerts Performance Security/Industry/Asset Reports Portfolio (Single/Multiple) Holding Period/Between-Period Returns Value-Weighted IRR/Time-Weighted Returns Tax-Adjusted Returns Benchmark Comparison Follows AIMR-PPS Standards Data Support Data Services Supported Imports Brokerage Transactions Import Formats Supported Export Formats Supported Option Money 7.0 Portfolio Analyzer Portfolio Systems, Inc. Hamilton Software, Inc. 888/ / $345 or $30/month $59.95 (free) (free) Mac, Windows Windows unlimited/unlimited unlimited/unlimited unlimited/unlimited unlimited/unlimited (real estate) (name/ticker) (account number) (user-defined) (security) (security) (holding period) (value-weighted) Internet Internet OFX tab-delimited comma-delimited, tab-delimited ASCII, Excel, HTML ASCII, comma-, quote-delimited 14 CI

7 Portfolio Director Quicken 2005 Reeally! Portfolio Systems, Inc. Intuit, Inc. Mantic Software Corp. 888/ / / $795 (individual investors) $79.95 (Premier); $69.95 (Mac) $150 (Standard); $525 (Pro) ($110/month) (free) Mac, Windows Mac, Windows Windows unlimited/unlimited 1,000+/1,500+ unlimited/unlimited unlimited/unlimited 1,500+/unlimited unlimited/unlimited (fixed/variable/zero) (Pro) (Pro) (options) (Pro) (Pro) (Pro) (name/ticker) (name/ticker) (name/ticker) (account number) (predefined) (user-defined) (FIFO/specific lot) (FIFO/specific lot) (security/asset) (single) (value-weighted) Internet Quicken Internet OFX OFX, QFX tab-delimited QIF, OFX ASCII ASCII, Excel, HTML QIF, ASCII, tab-delimited ASCII July/August

8 (continued from p. 11) ment. You can check out the program s interface and consider how easy it is to maneuver around in the program. Few demo versions come with written instructions, so browse the Web site for any help files and try ing questions to the vendor s technical support staff to test them for possible future reference. 16 The Programs Captool Individual Investor Captool Individual Investor is an excellent choice for the sophisticated investor looking to monitor and evaluate their portfolio holdings. The Captool program is offered in a number of versions ranging from the Individual Investor version priced at $249 to the Professional release that sells for $5,000. Captool Individual Investor comes with 12 months of Captool Individual Investor support and program updates. Support and updates after the first year are $60 annually. The program utilizes a series of spreadsheet-like windows for users to enter transactions, review securities and security holdings, and switch among various portfolios. Captool allows users to work with and view multiple portfolios at once. Users can maintain separate portfolios, and yet merge them to see how a combined portfolio is structured. Captool supports a wide range of security and transaction types that cover virtually any investment situation that an investor will encounter. Most programs rely on a series of questions to record transactions, but Captool relies on a transaction ledger that can be intimidating for first-time users. Experienced users will find the transaction ledger to be an efficient data-entry tool once the data-entry codes are mastered. Report capabilities are extensive and flexible. Captool ships with over 60 report templates that draw on different data fields and portfolio statistics. Captool reports also provide you with the option to incorporate graphics such as allocation pie charts and valuation growth charts. The program can examine the performance of individual securities, security groups, and the overall portfolio for user-designated time periods. The performance report can present the internal rate of return, time-weighted return, or simple profit on an annualized or total gain basis. Users have the option of looking at returns on both an aftertax and pretax basis and even specifying any fees or commissions paid over the reporting period. Tax-related calculations and reports are driven by tax tables that can be customized for specific portfolios and modified by users as tax laws change. Built-in scripts allow users to download current and historical quotes from popular investment Web sites such as Yahoo! Captool is powerful program; count on taking some time to learn how to use the program and to take advantage of its extensive set of features. Captool goes well beyond basic recordkeeping this is a powerful portfolio management and performance evaluation tool. Fund Manager Fund Manager is available in Personal ($59), Professional ($195), or Advisor ($395) versions. The Personal version is primarily for the individual investor and features complete portfolio management functionality. The Professional version is intended more for use by traders and enhances its portfolio management features with technical analysis tools including charting, trailing stop-loss alerts, moving average alerts and even warnings about wash sale possibilities. The Advisor version adds client management features including the ability to import data from advisory feeds supplied by brokerage firms and reports and charts to clients. Fund Manager allows users to track stocks, mutual funds, options, bonds, and cash accounts. All of the standard transactions for these security types are supported to keep track of your CI

9 purchases, redemptions, distributions, splits, recombinations, mergers, and spin-offs. Fund Manager supports both long and short positions. Transactions can be entered manually, imported from a wide variety of formats, or retrieved directly from your broker or mutual fund company through its OFX support. Users can track and record transactions for an unlimited number of investments and portfolios, but are limited to tracking 500 securities for a given portfolio in the Personal version (2,000 in the Professional version). Fund Manager has 13 reports and allows users to customize them by drawing on over 150 available fields. Capital gain reports provide all the information required for tax reporting; users can export capital gains to TurboTax or other popular tax preparation software. Warnings regarding wash sales are provided in the Professional and Advisor versions. The Professional and Advisor versions also offer price alerts that can be based upon a fixed price, trailing stop-loss, or moving average. When an alert is triggered users can be notified with a pop-up window, sound, Investor s Accountant message or page. Fund Manager offers AIMR-PPS compliant time-weighted performance reports that allow users to track the performance of individual securities and portfolios. Fund Manager Investor s Accountant Hamilton Software offers a number of portfolio management systems and even more basic programs to compute the rate of return of one s overall portfolio. Investor s Accountant represents the top-line of their portfolio management programs. Investor s Accountant tracks all records for any type of investment for an unlimited number of portfolios and produces a wide range of reports and charts. The program covers all the bases with regard to holdings reports and features performance reports for your securities and portfolio groups. Investor s Accountant can analyze your performance using both an internal rate of return and a time-weighted rate of return. Return reports can be presented before or after taxes. The program supports three methodologies for calculating the time-weighted rate of return. The reports can measure performance between any two points in time. Users can examine periodic performance (monthly, quarterly, annual) and composite performance of portfolio groups. Group composite performance can be determined as July/August

10 either asset weighted or asset plus cash flow weighted, and an aggregate method of calculating group composite performance allows inclusion of portfolios with differing time spans. Nice extras include automatic alert updates and a graphical analysis package. The alerts signal you when price, value or percent limits are hit, just before dividend dates, and when options are about to expire. Security performance and market trends can also be followed through the program s graphical analysis, which includes moving averages and price-volume. Investor s Accountant is a powerful program with a rich set of features and reports that place it among the upper class of applications in its field. Microsoft Money 2005 Money is one of two multi-dimensional programs included in this comparison that are designed to assist individual investors with the full range of money management activities (Quicken is the other). A detailed examination of the two programs was provided in the January/February 2005 issue of Computerized Investing. Microsoft Money 2005 NAIC Portfolio Record Keeper Money provides portfolio tracking measures and handles basic personal finance tasks as well. Money, like Quicken, comes in multiple versions Standard, Deluxe, and Premium. The Standard version is designed to assist in the overall managing of one s finances, the Deluxe package includes additional financial planning and tax preparation modules, while the Premium version is geared toward the investor with modules to analyze investments and provide tax analysis of stock transactions. Money tracks a standard set of securities such as cash, stocks, options, mutual funds, and bonds and the program has a special account type to track employee stock options. Overall, Money handles a fair amount of securities and offers extensive coverage of transactions. Most of the basic holdings reports are present and the performance report options are rather substantial: security, industry, and asset class performance reports and a time-weighted rate of return are available. Reports can be generated between periods and for multiple portfolios. Reports can also be customized by the user and run in batches. Money offers strong integration with financial data and portfolio tracking with CNBC on MSN Money (investor.msn.com). This top-rated comprehensive one-stop investment center features stock and fund re- 18 CI

Portfolio Management Software By Kenneth J. Michal

Portfolio Management Software By Kenneth J. Michal COMPARISON Portfolio Management Software By Kenneth J. Michal No matter what techniques you use to select your investments, you must have a system in place to track your holdings. This process of portfolio

More information

Portfolio Management Software Programs By Cara Scatizzi

Portfolio Management Software Programs By Cara Scatizzi COMPARISON Portfolio Management Software Programs By Cara Scatizzi No matter the size of a portfolio or the depth of investment knowledge, every investor needs a portfolio management tool to track investments

More information

As a personal portfolio grows

As a personal portfolio grows The Top Portfolio Management Software By Z. Joe Lan As a personal portfolio grows through the years, it often encompasses several investment accounts, including 401(k)s, IRAs, brokerage accounts and savings

More information

22 West Washington Street Chicago Illinois 60602

22 West Washington Street Chicago Illinois 60602 22 West Washington Street Chicago Illinois 60602 Table of Contents Overview Morningstar Investment Research Center 1 Screeners Get to Screeners from the Homepage 2 The Basics of Creating a Screen 3 Morningstar

More information

Morningstar Investment Research Center User s Guide

Morningstar Investment Research Center User s Guide Morningstar Investment Research Center User s Guide Welcome to the Guide to Morningstar Investment Research Center. Morningstar Investment Research Center is among today s most comprehensive financial

More information

How to read your Brokerage Statement

How to read your Brokerage Statement How to Read Your Brokerage Account Statement Introduction This brochure aims to give you an overview of the features and benefits of First Republic Brokerage Account statements.1 Your personal Brokerage

More information

GAINSKEEPER USER MANUAL

GAINSKEEPER USER MANUAL GAINSKEEPER USER MANUAL CCH GAINSKEEPER is a Product of CCH INC. Services provided at www.gainskeeper.com The GainsKeeper logo is a registered trademark of CCH INCORPORATED, a Wolters Kluwer company. Table

More information

Moneyspire Help Manual. 2015 Moneyspire Inc. All rights reserved.

Moneyspire Help Manual. 2015 Moneyspire Inc. All rights reserved. Moneyspire Help Manual 2015 Moneyspire Inc. All rights reserved. Getting Started Getting started with Moneyspire is easy. When you first start the program, you will be greeted with the welcome screen.

More information

How to read your Brokerage Account Statement

How to read your Brokerage Account Statement How to read your Brokerage Account Statement Introduction Your brokerage account statement provides you with a concise, comprehensive picture of your financial status. At a glance, you can easily track

More information

OANDA FXTrade Platform: User Interface Reference Manual

OANDA FXTrade Platform: User Interface Reference Manual User Manual Home OANDA FXTrade Platform: User Interface Reference Manual Login/Logout Procedure FX Platform (Main Window) Action Buttons Pull-down Menus Transaction History Account Summary Tables Trades

More information

Asset Allocation Valuation at a Glance Purchasing Power Summary Customer Service Information Portfolio Holdings Transactions

Asset Allocation Valuation at a Glance Purchasing Power Summary Customer Service Information Portfolio Holdings Transactions INTRODUCTION Your brokerage account statement is a powerful tool that enables you to make informed investment decisions and helps you to effectively manage and maintain a balanced portfolio. Presenting

More information

Unsurpassed Tools to Enhance Your Manager Research Content and Capabilities

Unsurpassed Tools to Enhance Your Manager Research Content and Capabilities Unsurpassed Tools to Enhance Your Manager Research Content and Capabilities PSN Enterprise Informa Investment Solutions provides clients a full spectrum of back to front office applications and services.

More information

Page 1 of 8. 1 Mention of a specific product does not imply endorsement.

Page 1 of 8. 1 Mention of a specific product does not imply endorsement. Quicken or QuickBooks : What s the Best Choice for Agricultural Producers? Damona Doye Sarkeys Distinguished Professor Oklahoma State University Agricultural Economics Department Keywords: Financial records,

More information

Wealth Management Solutions

Wealth Management Solutions Wealth Management Solutions Delray Financial Group LLC is an independent regional boutique wealth management firm whose sole business is to serve its clients. With over 25 years of personalized, professional

More information

Guide to the iis platform. The internet platform for asset management entrepreneurs by Banque de Luxembourg

Guide to the iis platform. The internet platform for asset management entrepreneurs by Banque de Luxembourg en Guide to the iis platform The internet platform for asset management entrepreneurs by Banque de Luxembourg Guide to the iis platform Internet platform for asset management entrepreneurs Independent

More information

Glossary of Investment Terms

Glossary of Investment Terms online report consulting group Glossary of Investment Terms glossary of terms actively managed investment Relies on the expertise of a portfolio manager to choose the investment s holdings in an attempt

More information

:Base quicken.hlp>nav :Title Quicken Help :Index Debt Reduction=DBTRED.HLP :Index Emergency Records Organizer=ERO.HLP :Index Internet Connection

:Base quicken.hlp>nav :Title Quicken Help :Index Debt Reduction=DBTRED.HLP :Index Emergency Records Organizer=ERO.HLP :Index Internet Connection :Base quicken.hlp>nav :Title Quicken Help :Index Debt Reduction=DBTRED.HLP :Index Emergency Records Organizer=ERO.HLP :Index Internet Connection Setup=ICHELP32.HLP :Index Quicken Help=ERRATA.HLP :Index

More information

Understanding Your Brokerage Account Statements

Understanding Your Brokerage Account Statements Understanding Your Brokerage Account Statements Understanding Your Brokerage Account Statements North American Securities Administrators Association, Inc.? What can my statement tell me? INTRODUCTION How

More information

Intelligence Reporting Standard Reports

Intelligence Reporting Standard Reports Intelligence Reporting Standard Reports Sage 100 ERP (formerly Sage ERP MAS 90 and 200) Intelligence Reporting empowers you to quickly and easily gain control and obtain the information you need from across

More information

Get more from your account statement

Get more from your account statement Get more from your account statement Get more from your account statement Determining whether your investments are helping you work toward your financial goals requires that you stay informed regarding

More information

Stock Investment Guide Software Manual. By Churr Software. The Stock Investment Guide (manual version 0.8) ------ 1

Stock Investment Guide Software Manual. By Churr Software. The Stock Investment Guide (manual version 0.8) ------ 1 Stock Investment Guide Software Manual By Churr Software The Stock Investment Guide (manual version 0.8) ------ 1 This manual may not be duplicated either in whole or in part by any means without the expressed

More information

Understanding Your Brokerage Account Statements

Understanding Your Brokerage Account Statements Understanding Your Brokerage Account Statements Understanding Your Brokerage Account Statements INTRODUCTION How am I doing financially? The best way to track your brokerage account activity and performance

More information

THOMSON ONE WEALTH SOLUTIONS INTELLIGENT INFORMATION DELIVERED THROUGH ONE FLEXIBLE SOURCE

THOMSON ONE WEALTH SOLUTIONS INTELLIGENT INFORMATION DELIVERED THROUGH ONE FLEXIBLE SOURCE FINANCIAL AND RISK MANAGEMENT SOLUTIONS FROM THOMSON REUTERS THOMSON ONE WEALTH SOLUTIONS INTELLIGENT INFORMATION DELIVERED THROUGH ONE FLEXIBLE SOURCE THOMSON ONE WEALTH SOLUTIONS OVERVIEW Successfully

More information

Unit Investment Trusts

Unit Investment Trusts a guide to Unit Investment Trusts A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Table of Contents

More information

NetXInvestor TM USER GUIDE. March 2014

NetXInvestor TM USER GUIDE. March 2014 NetXInvestor TM USER GUIDE March 2014 2014 Pershing Advisor Solutions LLC. Pershing Advisor Solutions LLC, member FINRA, SIPC, is a wholly owned subsidiary of The Bank of New York Mellon Corporation (BNY

More information

TAX ASPECTS OF MUTUAL FUND INVESTING

TAX ASPECTS OF MUTUAL FUND INVESTING Tax Guide for 2015 TAX ASPECTS OF MUTUAL FUND INVESTING INTRODUCTION I. Mutual Fund Distributions A. Distributions From All Mutual Funds 1. Net Investment Income and Short-Term Capital Gain Distributions

More information

Standard & Poor s Mutual Fund Reports

Standard & Poor s Mutual Fund Reports Mutual Fund Reports FLEXIBLE MUTUAL FUNDS RELIABLE EQUITIES DATA ANALYSIS INDEPENDENT GLOBAL EQUITY FLEXIBLE MUTUAL FUNDS EQUITIES MUTUAL FUNDS FLEXIBLE DATA ANALYSIS EQUITIES RELIABLE MUTUAL FUNDS FLEXIBLE

More information

The Role of Alternative Investments in a Diversified Investment Portfolio

The Role of Alternative Investments in a Diversified Investment Portfolio The Role of Alternative Investments in a Diversified Investment Portfolio By Baird Private Wealth Management Introduction Traditional Investments Domestic Equity International Equity Taxable Fixed Income

More information

Investment Tracking Module Sample Reports

Investment Tracking Module Sample Reports Investment Tracking Module Sample Reports Investment Tracking Module Graphic Report Features The CDS Graphic Report feature allows you to present your client investment data in 3-dimensional charts and

More information

Introduction To Financial Markets & Investing

Introduction To Financial Markets & Investing Introduction To Financial Markets & Investing Matthew Lawson, M.D. Getting Started A true story Internal Medicine Intern Recently married Husband has Financial Planner assigned through his employer Neither

More information

SUN LIFE GLOBAL INVESTMENTS (CANADA) INC.

SUN LIFE GLOBAL INVESTMENTS (CANADA) INC. SUN LIFE GLOBAL INVESTMENTS (CANADA) INC. ANNUAL MANAGEMENT REPORT OF FUND PERFORMANCE for the financial year ended December 31, 2014 Sun Life BlackRock Canadian Universe Bond Fund This annual management

More information

INVESTMENT DICTIONARY

INVESTMENT DICTIONARY INVESTMENT DICTIONARY Annual Report An annual report is a document that offers information about the company s activities and operations and contains financial details, cash flow statement, profit and

More information

Hoover s Quick Reference Sheet

Hoover s Quick Reference Sheet Hoover s Training: Hoover s Quick Reference Sheet The Hoover s Value: Hoover s provides easy access to comprehensive insight on companies, people and industries to develop, plan and execute sales, marketing

More information

Templates available in Excel 97 (Excel 8) and higher versions:

Templates available in Excel 97 (Excel 8) and higher versions: Excel Templates Templates available in Excel 97 (Excel 8) and higher versions: All of the Excel templates in Research Insight can be customized to fit your own particular needs. Company Fundamental Analysis

More information

Chapter 9. The Valuation of Common Stock. 1.The Expected Return (Copied from Unit02, slide 39)

Chapter 9. The Valuation of Common Stock. 1.The Expected Return (Copied from Unit02, slide 39) Readings Chapters 9 and 10 Chapter 9. The Valuation of Common Stock 1. The investor s expected return 2. Valuation as the Present Value (PV) of dividends and the growth of dividends 3. The investor s required

More information

Enjoy the freedom of Berkshire Bank Wealth Management Portfolio Online! Portfolio Online Getting Started Guide

Enjoy the freedom of Berkshire Bank Wealth Management Portfolio Online! Portfolio Online Getting Started Guide Enjoy the freedom of Berkshire Bank Wealth Management Portfolio Online! Portfolio Online Getting Started Guide Table of Contents Introduction... 3 Key Features... 3 Accessing your Account... 4 New Client

More information

Strategic Focus: High Dividend Stock Strategy

Strategic Focus: High Dividend Stock Strategy Strategic Focus: High Dividend Stock Strategy September 2011 333 South Grand Avenue, Los Angeles, CA 90071 WHY ARE HIGH DIVIDEND STOCKS APPEALING? I Support from Robust Corporate Profits and Improving

More information

DATA WAREHOUSE BUSINESS INTELLIGENCE FOR MICROSOFT DYNAMICS NAV

DATA WAREHOUSE BUSINESS INTELLIGENCE FOR MICROSOFT DYNAMICS NAV www.bi4dynamics.com DATA WAREHOUSE BUSINESS INTELLIGENCE FOR MICROSOFT DYNAMICS NAV True Data Warehouse built for content and performance. 100% Microsoft Stack. 100% customizable SQL code. 23 languages.

More information

Moneydance 2015. Simplified Money Management. Quick Start Guide and User Guide Version 1.0 January 6, 2015

Moneydance 2015. Simplified Money Management. Quick Start Guide and User Guide Version 1.0 January 6, 2015 Moneydance 2015 Simplified Money Management Quick Start Guide and User Guide Version 1.0 January 6, 2015 Moneydance 2015 Quick Start Guide Opening Moneydance 2015 for the first time!... 3 Moneydance at

More information

Quicken QIF Import INVESTMENT ACCOUNT MANAGER

Quicken QIF Import INVESTMENT ACCOUNT MANAGER Quicken QIF Import QUANT IX SOFTWARE, Inc 11518 N. Port Washington Road Suite 102 Mequon, WI 53092 Phone 262-241-3990 Fax 262-241-4797 Table of Contents Investment Account Manager and Importing Quicken

More information

Investment Account. Manager, Version 2. User Guide, Tutorials & Reference Manual

Investment Account. Manager, Version 2. User Guide, Tutorials & Reference Manual Investment Account Manager, Version 2 User Guide, Tutorials & Reference Manual QUANT IX Software, Inc. Providing Total Portfolio Management Systems Since 1985 QUANT IX SOFTWARE, Inc. 11518 North Port Washington

More information

CRGroup Whitepaper: Digging through the Data. www.crgroup.com. Reporting Options in Microsoft Dynamics GP

CRGroup Whitepaper: Digging through the Data. www.crgroup.com. Reporting Options in Microsoft Dynamics GP CRGroup Whitepaper: Digging through the Data Reporting Options in Microsoft Dynamics GP The objective of this paper is to provide greater insight on each of the reporting options available to you within

More information

Wealth Management. Asset Management. Fund Administration. Internet Access: Wealth Advisor. Independent Financial Advisor. Treasury.

Wealth Management. Asset Management. Fund Administration. Internet Access: Wealth Advisor. Independent Financial Advisor. Treasury. Wealth Management Asset Management Fund Administration Internet Access: Wealth Advisor Independent Financial Advisor Treasury Trading Credit Management & Margin Trading Core Operations S Y S T E M O V

More information

Why Screen? Stock Screening Software. Technical Screens. MSN Money Deluxe Screener. Objective: Web site and software overview

Why Screen? Stock Screening Software. Technical Screens. MSN Money Deluxe Screener. Objective: Web site and software overview A Whirlwind Tour of Online Investing Resources Bonnie Biafore www.bonniebiafore.com Objective: Web site and software overview Screening (stocks, funds, bonds, savings, mortgages) Getting stock and fund

More information

Report Name Description Business Benefit Dashboard Analysis

Report Name Description Business Benefit Dashboard Analysis Get 8 ready-to-use reports that give you immediate insight into and across your business. Delivered in the familiar environment of Microsoft Excel, the reports are fully customizable, and flexible with

More information

Real Time FTS Trader. operational manual

Real Time FTS Trader. operational manual Real Time FTS Trader operational manual Table of Contents Introduction.. 3 How to Login...4 Features of the RTFTS Trader...5 12 RTFTS Main Windows...6-7 RTFTS Menu Bar.8-11 General Information.12 How to

More information

Cisco IPS Manager Express

Cisco IPS Manager Express Cisco IPS Manager Express Product Overview Intrusion prevention systems (IPSs) are critical to protecting your network and assets against worms, Trojans, and other malicious attacks. Cisco IPS Manager

More information

Virtual Stock Market Game Glossary

Virtual Stock Market Game Glossary Virtual Stock Market Game Glossary American Stock Exchange-AMEX An open auction market similar to the NYSE where buyers and sellers compete in a centralized marketplace. The AMEX typically lists small

More information

WELCOME TO STA Wealth Management

WELCOME TO STA Wealth Management WELCOME TO STA Wealth Management Since the founding of STA Wealth Management in 2002 by experienced financial industry executives in Houston, Texas, we have focused on delivering comprehensive portfolio

More information

WebSphere Business Monitor

WebSphere Business Monitor WebSphere Business Monitor Dashboards 2010 IBM Corporation This presentation should provide an overview of the dashboard widgets for use with WebSphere Business Monitor. WBPM_Monitor_Dashboards.ppt Page

More information

mobiletws for ipad Users' Guide September 2011 2011 Interactive Brokers LLC. All rights reserved.

mobiletws for ipad Users' Guide September 2011 2011 Interactive Brokers LLC. All rights reserved. mobiletws for ipad Users' Guide September 2011 2011 Interactive Brokers LLC. All rights reserved. Apple, the Apple logo, ipod, ipod touch, ipad and itunes are trademarks of Apple Inc., registered in the

More information

Chapter 1 The Financial Assessment

Chapter 1 The Financial Assessment Chapter 1 The Financial Assessment 64 P leasant S treet P hon e: ( 415) 830-52 44 Copyright 2007-2009 Harrison Lazarus Advisors, Inc. All Rights Reserved Page 1 of 15 It doesn t matter where you are in

More information

Positioning Life Insurance Opportunities. A simple way to tell a compelling story

Positioning Life Insurance Opportunities. A simple way to tell a compelling story Positioning Life Insurance Opportunities A simple way to tell a compelling story Table of Contents Three Buckets... 2 Supporting Tools & Resources... 5 Consumption... 6 Life Insurance Retirement Planning

More information

Frequently Asked Questions

Frequently Asked Questions Paperwork Where do I send my client s check to be deposited into their account? All customer checks sent by regular mail should be addressed: SWS Financial Services P.O. Box 50159 Dallas, TX 75250-0159

More information

INVESTMENT TERM GLOSSARY

INVESTMENT TERM GLOSSARY A Accrued Interest - Interest that has been earned but not yet credited to a bond or other fixed-income investment, such as a certificate of deposit. Active Management The use of professional investment

More information

ETFreplay.com. Figure 1: HOME PAGE. This shows top ETF performs and latest blog postings.

ETFreplay.com. Figure 1: HOME PAGE. This shows top ETF performs and latest blog postings. product review ETFreplay.com ETFREPLAY.COM Product: Etf analysis with relative strength and moving average backtesting Requirements: Internet Explorer, Firefox, Chrome, Safari, Windows XP/Vista/7 or Apple

More information

STOCKCROSS F I N A N C I A L S E R V I C E S

STOCKCROSS F I N A N C I A L S E R V I C E S STOCKCROSS F I N A N C I A L S E R V I C E S Thank you for your interest in StockCross Financial Services. StockCross is one of the largest privately owned brokerage firms in the nation. Established in

More information

SMG... 2 3 4 SMG WORLDWIDE

SMG... 2 3 4 SMG WORLDWIDE U S E R S G U I D E Table of Contents SMGWW Homepage........... Enter The SMG............... Portfolio Menu Page........... 4 Changing Your Password....... 5 Steps for Making a Trade....... 5 Investor

More information

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors RETIREMENT INSIGHTS July 2014 Your HFS Team Heffernan Financial Services 188 Spear Street, Suite 550 San Francisco, CA 94105 800-437-0045 rebeccat@heffgroup.com www.heffgroupfs.com CA Insurance Lic# 0I18899

More information

Your Guide to E*TRADE s Platinum Independent Advisor Platform

Your Guide to E*TRADE s Platinum Independent Advisor Platform 1 Your Guide to E*TRADE s Platinum Independent Advisor Platform As an independent advisor, you can rely on E*TRADE s state-of-the-art, advisor-only system to help you better serve your clients, while making

More information

ABOUT LPL FINANCIAL. The strength of partnership

ABOUT LPL FINANCIAL. The strength of partnership ABOUT LPL FINANCIAL The strength of partnership supporting financial advisors who serve you the need for objective advice has never been greater Amid an ever-changing investment landscape, investors need

More information

Synthesis of Financial Planning

Synthesis of Financial Planning P 7A R T Synthesis of Financial Planning 1. Tools for Financial Planning Budgeting (Chapter 2) Planned Savings (Chapter 3) Tax Planning (Chapter 4) 2. Managing Your Liquidity Bank Services (Chapter 5)

More information

MLC MasterKey Unit Trust Product Disclosure Statement (PDS)

MLC MasterKey Unit Trust Product Disclosure Statement (PDS) MLC MasterKey Unit Trust Product Disclosure Statement (PDS) Preparation date 1 July 2014 Issued by MLC Investments Limited (MLC) ABN 30 002 641 661 AFSL 230705 This information is general and doesn t take

More information

Weekly Market Commentary:

Weekly Market Commentary: Lowry U.S. Investor Premium gives financial advisors and active investors an objective perspective of the Primary Trend of the market each morning and afternoon, plus an analysis of Sectors, Industries,

More information

Nine Questions Every ETF Investor Should Ask Before Investing

Nine Questions Every ETF Investor Should Ask Before Investing Nine Questions Every ETF Investor Should Ask Before Investing UnderstandETFs.org Copyright 2012 by the Investment Company Institute. All rights reserved. ICI permits use of this publication in any way,

More information

Screening: The First Step for Finding Winning Stocks. John M. Bajkowski johnb@aaii.com

Screening: The First Step for Finding Winning Stocks. John M. Bajkowski johnb@aaii.com Screening: The First Step for Finding Winning Stocks John M. Bajkowski johnb@aaii.com 1 Discussion Overview A computerized screening program can be used to locate/analyze stocks in an organized, systematic,

More information

Investment Portfolio Performance Evaluation. Jay Patel (jayp@seas.upenn.edu) Faculty Advisor: James Gee

Investment Portfolio Performance Evaluation. Jay Patel (jayp@seas.upenn.edu) Faculty Advisor: James Gee Investment Portfolio Performance Evaluation Jay Patel (jayp@seas.upenn.edu) Faculty Advisor: James Gee April 18, 2008 Abstract Most people who contract with financial managers do not have much understanding

More information

Sage PFW ERP Intelligence

Sage PFW ERP Intelligence Sage PFW ERP Intelligence Sage PFW ERP Intelligence Standard Reports Get 6 ready-to-use reports that give you immediate insight into and across your business. Delivered in the familiar environment of Microsoft

More information

Fundamentals of Investing

Fundamentals of Investing Fundamentals of Investing Fundamentals of Investing, International Edition Table of Contents Cover Contents Part One: Preparing to Invest Chapter 1 The Investment Environment Investments and the Investment

More information

Performance Accountability and Control

Performance Accountability and Control SUNGARD FINANCIALS Performance Accountability and Control www.sungardfinancials.com SunGard Financials is a fully integrated Financial Management System providing detailed accounting information to manage

More information

Financial Series EXCEL-BASED BUDGETING

Financial Series EXCEL-BASED BUDGETING EXCEL-BASED BUDGETING Microsoft Excel is the world's most popular tool for complex, graphical budgeting, and we have automated the process of sharing budgeting information between eenterprise and Excel.

More information

NUCSOFT. Asset Liability Management

NUCSOFT. Asset Liability Management NUCSOFT Asset Liability Management ALM Overview Forecasting, Budgeting & Planning Tool for Advanced Liquidity Management & ALM Analysis & Monitoring of Liquidity Buffers, Key Regulatory Ratios such as

More information

Old National Online Trust Getting Started Guide

Old National Online Trust Getting Started Guide Old National Online Trust Getting Started Guide July 2011 Table of Contents Introduction... 3 Key Features... 3 Accessing your Account... 4 New Client Log In... 4 Existing Client Log In... 9 Subsequent

More information

Is it time to hire a professional to manage your bonds?

Is it time to hire a professional to manage your bonds? Is it time to hire a professional to manage your bonds? Today s bond markets are more complex Finding the right bonds can be difficult. The bond markets are large and complex, and it takes a lot of homework

More information

Security Analysis and Portfolio Management FIN-321-TE

Security Analysis and Portfolio Management FIN-321-TE Security Analysis and Portfolio Management FIN-321-TE This TECEP is an introduction to investment alternatives, security analysis, and portfolio construction. Topics include: the environment in which investment

More information

PORTFOLIOCENTER. Best Practices for Accounting for Transfer of Assets

PORTFOLIOCENTER. Best Practices for Accounting for Transfer of Assets PORTFOLIOCENTER Best Practices for Accounting for Transfer of Assets Document ID: SPT011567 Document Date: March 17, 2014 Document Version: 5.8 For institutional audiences only. 2014 Schwab Performance

More information

10 Reasons TO TRY QUICKBOOKS POINT OF SALE

10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 10 Reasons TO TRY QUICKBOOKS POINT OF SALE 1. Ring up sales quickly and accurately.............3 2. Works seamlessly with your QuickBooks financial software*..................4

More information

L2: Alternative Asset Management and Performance Evaluation

L2: Alternative Asset Management and Performance Evaluation L2: Alternative Asset Management and Performance Evaluation Overview of asset management from ch 6 (ST) Performance Evaluation of Investment Portfolios from ch24 (BKM) 1 Asset Management Asset Management

More information

Improve your equity research productivity

Improve your equity research productivity Improve your equity research productivity Creating and updating company models Standardized Excel based company models ensure each analyst s work seamlessly integrates with research database and can be

More information

Table of Contents. Page Home.. 2. Balances & Holdings Balances & Holdings 3-4 Account Profile 5. Activity Account Activity...5

Table of Contents. Page Home.. 2. Balances & Holdings Balances & Holdings 3-4 Account Profile 5. Activity Account Activity...5 Table of Contents Page Home.. 2 Balances & Holdings Balances & Holdings 3-4 Account Profile 5 Activity Account Activity.....5 Portfolio Portfolio 6 Realized Gains/Loss..6-7 Trading Equity Order.. 8 Trading

More information

BOND FUNDS L SHARES. October 1, 2004

BOND FUNDS L SHARES. October 1, 2004 BOND FUNDS A SHARES L SHARES October 1, 2004 CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES SUPER SHORT INCOME PLUS FUND FLORIDA TAX-EXEMPT BOND FUND GEORGIA TAX-EXEMPT BOND FUND HIGH INCOME FUND INVESTMENT

More information

(KPIs) featuring a nancial analysis and Top 5

(KPIs) featuring a nancial analysis and Top 5 Sage ERP Accpac Sage ERP Accpac Intelligence Standard Reports Sage ERP Accpac Intelligence empowers you to quickly and easily gain control and obtain the information you need from across your business.

More information

THE STOCK MARKET GAME GLOSSARY

THE STOCK MARKET GAME GLOSSARY THE STOCK MARKET GAME GLOSSARY Accounting: A method of recording a company s financial activity and arranging the information in reports that make the information understandable. Accounts payable: The

More information

Manning & Napier Earnings Release Supplement. For the period ended September 30, 2015

Manning & Napier Earnings Release Supplement. For the period ended September 30, 2015 Manning & Napier Earnings Release Supplement For the period ended September 30, 2015 Forward Looking Statements This presentation contains forward-looking statements. Such statements can be identified

More information

Mutual Fund Investing Exam Study Guide

Mutual Fund Investing Exam Study Guide Mutual Fund Investing Exam Study Guide This document contains the questions that will be included in the final exam, in the order that they will be asked. When you have studied the course materials, reviewed

More information

TYLER JUNIOR COLLEGE School of Continuing Studies 1530 SSW Loop 323 Tyler, TX 75701 1.800.298.5226 www.tjc.edu/continuingstudies/mycaa

TYLER JUNIOR COLLEGE School of Continuing Studies 1530 SSW Loop 323 Tyler, TX 75701 1.800.298.5226 www.tjc.edu/continuingstudies/mycaa TYLER JUNIOR COLLEGE School of Continuing Studies 1530 SSW Loop 323 Tyler, TX 75701 1.800.298.5226 www.tjc.edu/continuingstudies/mycaa Education & Training Plan Finance Professional Program Student Full

More information

ON LINE INVESTOR SERVICES

ON LINE INVESTOR SERVICES ON LINE INVESTOR SERVICES MIDDLE-OFFICE CUSTODY CASH STOCK LENDING, REPOS & COLLATERAL FUND ADMINISTRATION DATA MANAGEMENT PERFORMANCE & MEASUREMENT ANALYSIS REPORTING FUND DISTRIBUTION PRIME FUND SOLUTIONS

More information

Investoscope 3 User Guide

Investoscope 3 User Guide Investoscope 3 User Guide Release 3.0 Copyright c Investoscope Software Contents Contents i 1 Welcome to Investoscope 1 1.1 About this User Guide............................. 1 1.2 Quick Start Guide................................

More information

The Bond Fund of America

The Bond Fund of America The Bond Fund of America Summary prospectus March 1, 2015 Class A B C F-1 F-2 529-A 529-B 529-C 529-E ABNDX BFABX BFACX BFAFX ABNFX CFAAX CFABX CFACX CFAEX 529-F-1 R-1 R-2 R-2E R-3 R-4 R-5 R-6 CFAFX RBFAX

More information

LIQUIDATING RETIREMENT ASSETS

LIQUIDATING RETIREMENT ASSETS LIQUIDATING RETIREMENT ASSETS IN A TAX-EFFICIENT MANNER By William A. Raabe and Richard B. Toolson When you enter retirement, you retire from work, not from decision-making. Among the more important decisions

More information

Discover TD Waterhouse. Investment and wealth management for every stage of your life

Discover TD Waterhouse. Investment and wealth management for every stage of your life Discover TD Waterhouse Investment and wealth management for every stage of your life Welcome to TD Waterhouse Everyone at TD Waterhouse* is committed to helping you reach your financial goals. Whether

More information

ACTIVITY 4.1 READING A STOCK TABLE

ACTIVITY 4.1 READING A STOCK TABLE ACTIVITY 4.1 READING A STOCK TABLE 1. Overview of Financial Reporting A wide variety of media outlets report on the world of stocks, mutual funds, and bonds. One excellent source is The Wall Street Journal,

More information

FREQUENTLY ASKED QUESTIONS March 2015

FREQUENTLY ASKED QUESTIONS March 2015 FREQUENTLY ASKED QUESTIONS March 2015 Table of Contents I. Offering a Hedge Fund Strategy in a Mutual Fund Structure... 3 II. Fundamental Research... 4 III. Portfolio Construction... 6 IV. Fund Expenses

More information

HorseTrak Accounting System

HorseTrak Accounting System HorseTrak Accounting System For Users of HT Gold and HT Deluxe General In this manual we explain the operation of the accounting features of HorseTrak Software. While teaching the principles of accounting

More information

Private Asset Management

Private Asset Management TIAA-CREF Trust Company, FSB Private Asset Management Customized investment solutions to meet your unique needs over time About TIAA-CREF Trust Company s Private Asset Management TIAA-CREF Trust Company

More information

FULL DISCLOUSURE. IncomeClub, Inc. ("IncomeClub") owns and operates a website at www.incomeclub.co.

FULL DISCLOUSURE. IncomeClub, Inc. (IncomeClub) owns and operates a website at www.incomeclub.co. FULL DISCLOUSURE June,1 2015 GENERAL DISCLOUSURES IncomeClub, Inc. ("IncomeClub") owns and operates a website at www.incomeclub.co. IncomeClub is registered investment advisor with the Securities and Exchange

More information