Investment: "Regular Savings Plan"

Strategy Name: Regular Savings Plan
Type of Strategy: Bespoke Strategy
Impact on modelling: Money is moved from the Bank Balance to the the Asset specified and invested as indicated
Default: The bank balance is invested at the Clients Risk Profile
 

Recommendation: In this example, we are recommending that the client establishes a new bank account and contributes to this monthly to save for their upcoming Goals. 

1. Select the asset to add: You can either choose an existing Asset and contribute to this or create a new account. We have selected to Create new asset
2. Asset Name: Input a name for the Asset (this will appear in Advice Documents)  
3. Category: Choose the appropriate Category. You can choose from Risk Profiles or Asset Classes that have been configured by your Licensee. In our example, we have selected Cash
4. Initial Investment and Date: How much is to be transferred from the clients Bank Balance to this newly created Asset and when. We are establishing this Asset with $10,000 and doing this immediately.  
5. This affects my capital: Are you recommending regular contributions or withdrawals from this Asset? If yes, select this item. In our example, we are going to contribute $1,000 each month so we have selected the button. 
6. Select whether you are modelling contributions or withdrawals. 
7. Contribution Amount & Frequency: Enter the regular contribution/withdrawal and how frequent this is to occur 
8. Starts/End: Enter the Start and End Date.