To access Financial Accounts, you will go to Menu > Financial Accounts. If you choose the drop-down arrow near Financial Accounts, it will display +New Financial Account, Recent Records, and Recent Lists. By clicking on Financial Accounts in the Menu, you will see a list view of Financial Accounts associated with your firm. You can choose to view your Recently Viewed Financial Accounts, All Financial Accounts, or other lists that have been created by either you or your firm. Each of these lists are searchable, sortable, filterable, and can allow for inline editing. To choose a specific Financial Account to view the details you need to click on the Account Name to open the Account entity.
What's in a Financial Account?
Financial Account Updates
In the top right corner of Financial Account, there are links that help you quickly update the Account entity you are viewing. Customization of these links, and permissioning of access to these links, can be updated by the System Administrator. Our defaults include:
- +Follow
- Edit
- New Note
- New Contact
- Delete
- Clone
- Printable View
Highlights Panel
A fully customizable part of the Financial Account entity, the Highlights Panel includes top information about the Financial Account that your System Administrator has indicated to be vital to your Accounts. By default, our Highlights Panel includes information received from your Portfolio Management System: Registration Type, Custodian, and Total Market Value.
Related List Quick Links
Related List Quick Links are just that, quick links to access information that is related to the Financial Account entity. You can either hover over the links to see the first related records (up to 10), or you can click on the links to see the full list. System Administrators can customize these links for your firm, and with the proper permission, you can choose to also customize your personal Related List Quick Links. To customize quick links, go to your personal settings > enter Customize My Pages in the Quick Find box > select Customize My Pages > select Financial Accounts.
Salentica has chosen the following quick links: Holdings, Portfolio/Account, Notes, and Notes & Attachments.
Financial Account Menu
Below your Financial Account Name, Highlights Panel, and Related Quick Links, the bulk of the information about the Financial Account is included.The data points that are listed below are defaults based on Element's initial template. They can be edited, moved or removed by your System Administrator. Please reach out to your System Administrator or Elements Service team for more information.
Details
- Information
- Relationship, Account Name, Custodian, Fidelity Account Source, Is Primary Account in Relationship, Active, Account Notes, Primary Account Owner, Secondary Account Owner,
- Data Point Source - Loaded or Manually Entered
- Valuation Date, Total Market Value, Total Supervised, Total Unsupervised
- Data Point Source - Loaded, Manually Entered, Received from Portfolio Management System/Custodian
- Relationship, Account Name, Custodian, Fidelity Account Source, Is Primary Account in Relationship, Active, Account Notes, Primary Account Owner, Secondary Account Owner,
- Account Properties
- Forms Approved, Forms Complete, Funding Approved, Funding Method, Trading Status, Do Not Trade Notes, Date Opened, Date Closed, Registration Type, Tax ID
- Data Point Source - Loaded or Manually Entered
- Custodian Account Number, PMS Account Number
- Data Point Source - Portfolio Management System or Custodian
- Forms Approved, Forms Complete, Funding Approved, Funding Method, Trading Status, Do Not Trade Notes, Date Opened, Date Closed, Registration Type, Tax ID
- Asset Allocations
- Alternatives Actual Market Value, Cash Actual Market Value, Equity Actual Market Value, Fixed Income Actual Market Value, Other Actual Market Value, Salentica Data Broker ID
- Data Point Source - Loaded, Manually Entered, Received from Portfolio Management System
- Created By, Last Modified By
- Data Point Source - Activity Based
- Alternatives Actual Weight, Cash Actual Weight, Equity Actual Weight, Fixed Income Actual Weight, Other Actual Weight
- Data Point Source - Calculated
- Alternatives Actual Market Value, Cash Actual Market Value, Equity Actual Market Value, Fixed Income Actual Market Value, Other Actual Market Value, Salentica Data Broker ID
Related
The Related section shows the lists of the first records that are associated with the Related List Quick Links - Holdings, Portfolios/Accounts, Notes, and Notes & Attachments. These lists remove the need to hover over the Related List Quick Links access the associated records, and give you additional information about each record on a single page.
Activity
Under Activity, you can create new activities that already have the Financial Account information prepopulated, and track previous activities for the Financial Account and their status. It is recommended that you do not create Activities for the Financial Account, but rather for the associated Relationship.
Default Activities include:
- New Task
- New Event (Meetings)
- Log a Call
Chatter
Use Chatter to share information, collaborate, and keep up with the latest updates in the Portfolio. From here, you can also tag teammates to notify them about discussions being had about the Financial Accounts with which they are associated. Your System Administrator determines the permissions for Chatter and it works in accordance with all of the security and permission settings.
Need to create a Custodian record for Financial Accounts? Check out this article.
