To generate meaningful reports, a client's full portfolio history needs to be rebuilt and matched against the portfolio's current holdings. To make this onerous task easier, V-Wrap provides advanced tools to help reconstruct portfolios and capital gains tax details. The reconstruction process involves performing the following tasks until the predicted portfolio matches current holdings:
V-Wrap keeps each portfolio up-to-date by rolling forward every day. This process applies new transactions, corporate actions and prices to ensure each portfolio is up to date as of the last business day.
If authority is given to the executing stockbroker to send Præmium copies of contract notes, or if you use a broker that clears through GBST, portfolios will be kept constantly up-to-date with little or no administrative effort from your office.
As you would expect from a service that has been designed to manage capital gains tax, V-Wrap takes tax free, tax deferred and distributed CGT income components into account when calculating CGT positions.
To improve the after tax performance of your clients portfolios, V-Wrap uses a three phase CGT optimisation process:
1. Method selection
When disposing a parcel acquired prior to 21st September 1999, there is a choice as to whether to use the new discount method or the old indexation method for calculating any gain. V-Wrap will automatically choose the most advantageous method.
2. Parcel Selection
V-Wrap provides a number of methods by which purchase lots can be allocated against sell transactions using specific parcel allocation:
3. Loss optimisation
Whilst it would be nice to assume that we never make losses, it is highly probable that each investor will have made trading losses during the year or have unrealised losses hiding within their portfolio that can be used to offset gains.
V-Wrap provides two techniques to ensure the most value for each dollar of loss:
V-Wrap will switch methods on individual disposals if it is more advantageous to use the higher indexed gain as it may use less dollars of loss.
The above optimisation process is performed every evening during the position roll forward processing and will adjust for any changes in holdings.
V-Wrap's performance reporting component allows you to monitor the performance of individual holdings as well as the performance of the total portfolio.
To ensure you are able to correctly compare the performance of all assets in a clients portfolio (including listed equities, managed funds, fixed interest and direct investments e.g. investment property), V-Wrap's performance calculations take into account:
Using our online performance screens, you can rapidly sequence investments in absolute gain, nominal gain or performance percentage sequence.
V-Wrap delivers superior reporting how you want it, when you want it and where you want it.
All the reporting that you would expect from a professional portfolio administration service is provided including:
All asset classes can be included; listed equities (shares, options and short sells), unlisted managed funds, private investments, syndicates, investment property and fixed interest investments.
Due to the unique processing engine within V-Wrap, you can produce "as at" reports to show you the state of any portfolio at any historic date as far back as 1985.
Naturally, V-Wrap reports can be produced in a variety of formats, badged under your practice name, including screen, printer, word, PDF and excel. The data from V-Wrap can also be exported in delimited text format for interface with most existing software.
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