Multiple Investment Strategy Account Creation Guide

On accessing the Portal you will be taken to the Dashboard screen below.

For Users with no linked Investor or Account details (e.g. Admin staff) the Dashboard will show as below.

Now select the Main Menu icon at the top of the screen.

From the ribbon shown select the Investors menu.

Then either Dashboard/Manage or Investor Accounts.

Dashboard/Manage allows you to search for any Investor on the Portal whether they have any in-force Accounts or not. Selecting the Investor will take you to their Global Overview.

Investor Accounts allows you to search for an individual Account. The Account must be in-force to be visible here. Select the Globe button on the right to access the Investor’s Global Overview.

To begin the Application process, click on New in the Application section on the right of the screen. If the Investor has existing Accounts then this option will appear underneath these.

Now select the product required. Please note that MIS models are only available for GIA’s, ISA’s and SIPP’s. Multiple GIA and ISA accounts can also be created on the Portal where required.

If applicable for the product chosen, additional Account Holders can be located using the Search fields shown. This example shows a Single Application for the GIA.

Once complete, select Start Application.

The Application process can now be completed as per the following steps shown. Additional Steps may be added based on account specifics e.g. a Direct Debit Mandate Step when regular payments are required. Navigation through the process is via the arrows in the top left of the screen.

During completion, previous Steps in the Application process can be returned to and updated. The Application can also be Saved and returned to later or Cancelled at any point in the process.

If any required fields are not selected or completed correctly this will result in an error message and error specific guidance as shown. The error must be rectified before the process can continue.

The Multiple Investment Strategy Model option MUST be checked here for any MIS Application.

Further application specific options can be selected and a bank account nominated. Linked Bank Account details for the Investor will be available under the Existing Banks dropdown.

Advisor Details and Capacity are required fields here also. Bank Details are not mandatory at this stage and can be added later in the process.

Any amount added to this application must be represented as a contribution on this page.

If a minimum investment is required for the MIS model then a warning will show if the amount is less than this.

At least one contribution must be added to proceed. +Add New can be selected where available for multiple requirements.

Investment Style may typically be Single Investment however Phased investments are also supported.

Transfers = Cash transfers Re-registrations = In-Specie transfers

The Manager dropdown for Transfers and Re-registrations will show all of the ceding schemes listed for electronic transfer via Origo or ATG.

The Portal will recognise the formatting of the account number based on the ceding scheme selected.

Advisor Annual Charges and any Contribution Charges should be completed here either as a %age or monetary value.

Additional Charges can be added through Add New and then updated accordingly.

At this step there are 2 options available: -

1. Select an existing MIS model
2. Create a new MIS model that will be linked to this Investor only.

For the first option, select an MIS model from the Model dropdown. Only available MIS models will show here for selection.

Once selected the underlying Sub-Models and any individual ISIN’s will be shown along with the corresponding allocation.

For the second option, a new MIS Model can be created specifically for this Investor through the Bespoke Model tab.

This Bespoke Model can include Instruments and/or Models. All individual Instruments selected will be added to one Sub Account upon inception and not linked to a Model.

To create a Bespoke Model, the Model Type should be selected as ‘Multiple Investment Strategy Model’ and the Model name entered. Please note that Model name should contain ‘MIS’ e.g. ‘MIS Model One’.

Clicking on ‘Instrument and Model Search’ lets us add these to our Bespoke Model.

Selecting the ‘Search by Models’ button and clicking on ‘Search’ which will display all the company models available for selection

To display all DFM models that are linked to your Portal, click the dropdown arrow in Filter by Model Customer ID, select the DFM you require then click on ‘Search’.

The required model can now be selected and weighting allocation percentage added. The weighting allocation is required to automatically split the contributions proportionately between the sub-models.

This step should be repeated to add each sub-model required.

To add individual ISINs, click on ‘Search by Instruments’ then ‘Search’ to view all the instruments available.

Alternatively you can use the Search criteria to select a required ISIN. Once located, the percentage required should be selected for each ISIN, repeating this step for each ISIN required.

For completion of the Bespoke Model, the total allocation should be 100%.

Exit the ‘Instrument and Model Search’ by clicking on the X in the top left to return to the Create New Model screen where you will see your selections.

Now review the details shown here and click ‘Create’ then ‘Confirm’. The model is now successfully created. Click Ok

Natural Income Options and any applicable Regular Withdrawal details will be selected / added here. Income reinvestments will occur on the nearest working day to the 21^st of the month.

Where applicable, Regular Withdrawals can be set up by entering the date or selecting via the calendar icon as shown below. The default date for Regular Withdrawals is the last working day of the month.

At the Summary point, the Application has been part completed and can be saved at this point if required, perhaps awaiting further information/confirmation, then returned to a later point.

Application and Illustration PDF documents can be captured, printed and viewed here.

The Illustration will display the MIS model (rolled up to the model level) and any associated DFM charges. The illustration will also reflect the overall OCF of the MIS and will not itemise each individual line of stock within the sub-models

Bank Details should be completed here if not done so earlier. Bank Name and Address is not mandatory information for the Portal.

This screen shows the details the Investor will use for payments in. This information is also on the Application PDF but can be noted here if required.

Declarations will populate based on the Application details, with the check boxes completed for Confirmation. The example shown includes the Target Market Declaration.

Declarations will be captured on the PDF output produced.

The final Step is the Account creation stage. The Application and Illustration PDF documents can be captured, printed and viewed as required if any changes have been made since the Summary Step.

If awaiting final confirmation the Application can be saved at this point otherwise Create Account should be selected if User access permits otherwise this option will show as Submit for Authorisation.

In-progress Applications awaiting authorisation will be flagged as shown below.

Once Created or Authorised the Account details will populate as shown in the following section.

The new MIS Account will show on the Investors Global View screen in the format below.

When the MIS Account is created the Primary Account and all related Sub Accounts will create automatically.

The overarching account is known as the Primary Account.

• The Primary Account will appear as a white box overarching the Sub-Accounts.
• MIS will be indicated in the summary.
• No investments will normally be held at the Primary Account level. The Cash and Market values will most commonly be £0.
• When new cash arrives into the Primary Account, it will be automatically split to the underlying Sub Accounts, based on the MIS % breakdown. Funds will then be automatically invested into the underlying model (unless it is a DFM Bespoke Model).
• In-Specie transfers will arrive into the Primary Account where they will remain as is until movement of the ISINs is instructed within the Portal via the Investment Instructions function. More information on this is available in the separate MIS Functionality guide.

Sub-Accounts will appear as a box underneath the white MIS box in the colour of the particular product type.

• Buying Power (retention of Cash for Fees/Withdrawals) will be applied to each Sub-Account and is based on the Primary Account fee structure.
• For example, if a 1% annual adviser fee was set, then this would apply to all the underlying Sub- Accounts. Similarly, if a £10,000 annual fee was applied, then this would be apportioned to the Sub- Accounts based on the % split within the MIS.
• Fees will be charged to each sub-account.
• A Cash balance will be held on each sub-account.
• All individual ISINs (where applicable) that have been included in the MIS, will all be grouped into one Sub-Account. This will be indicated as ‘NO Model’ in the Sub-Account summary

Selecting the All Account Actions cog icon allows information to be viewed and Amendments processed for this Account at the Primary or Sub-Account level. The example shown is for the GIA.

See the MIS Functionality guide for further details.

For Internal Use Only:

Business Owner Team: L&D Support

Business Owner Contact Details: L&DSupport@uk.sscinc.com/Keri.Binks@uk.sscinc.com

Note: All Knowledge Base updates are approved by the Business Owner.