This video will take you through how to maintain investments categories within WealthWorks +.
This video tutorial will assist you in;
- Amending the labels for Categories 1-4.
- Maintaining the lists for each category.
- How to apply these categories to your investments within the library.
Tutorial Transcript
Each Investment in the Investment library can be assigned up to 6 investment categories for reporting. As well as the analysis view of the investment ledgers. For example displaying % valuations by geographical, risk and sector analysis.
[00:28] The labels for some of the Investment Category can be amended via the System Administration page, Investments tab. Category 1 through to 4 can be amended. Category 5 is fixed as 'Portfolio Risk Category' and Category 6 is fixed as Valuation Category. Within the Investment Settings you can also select which categories you want to display throughout the system. You can have 'All' or select specific ones from the drop-down menu. If you do make any changes to the Investment settings, remember to hit 'Save' at the bottom of the page.
[01:46] To maintain the list of categories for each of the six investment categories. Navigate to the Options main menu category and select Data Configuration > Maintain Lists. From the Drop down select which Investment Category you want to amend (1 – 6). Click the first row to add a new entry for a specific category. The number of investments using each category is also displayed. Existing category names can be edited, by clicking on the line. Only unused categories can be deleted.
[03:41] To assign categories for each investment, search for the investment record in the library. Double-click on the row or select Investment Details from the actions button displayed on the row. From the Details tab select the categories portlet and assign or amend the categories as you require.
This tutorial is confirmed to be applicable from WealthWorks+ release 4.17