Asset Allocation (AA) benchmark tool

The AA benchmark tool makes it easy to analyse the drift in your client’s portfolio asset allocation away from their benchmark. It’s available for all Macquarie Wrap products and can be used on Adviser Online by ‘asset class’, not at the GICS level.

The AA benchmark tool is available in Adviser Online in Account Overview under the Asset Allocation section.

The AA benchmark tool will appear in the following sections in Adviser Online:

• The strategic Adviser Online reporting suite (Account Overview and Asset allocation Override print view)
• As dual pie charts and an additional table with a second option (bar chart) to show the comparison and variance.

It won’t appear in the Portfolio Review Report (PRR). It also isn’t available for your clients when they log in via either Macquarie Online Banking or via the Macquarie Mobile App.

We’ll automatically carry across any previous AA benchmarking previously set up in Wrap Online to Adviser Online.

To turn the AA benchmark tool on:

1. Log in to Adviser Online
2. Under the Clients tab in the side navigation, select Accounts
3. Enter the account number you want to set up the Asset Allocation Benchmark tool for
4. Once you’ve confirmed the account, select Account Overview
5. Under the Asset Allocation section, select the Add asset allocation benchmark button
6. Enter your benchmark in the Proposed benchmark column, ensuring that the benchmark totals 100%
7. Select the Review button
8. Select the Submit button
9. Select the View in account overview button to see your client’s asset allocation and benchmark comparison.

To turn the AA benchmark tool off:

1. Log in to Adviser Online
2. Under the Clients tab in the side navigation, select Accounts
3. Enter the account number you want to switch off the Asset Allocation Benchmark tool for
4. Once you’ve confirmed the account, select Account Overview
5. Under the Asset Allocation section, select the Remove benchmark button
6. Select the Remove button in the popup window to confirm that you want to switch off the AA benchmark tool.

You don’t need to use the Macquarie Authenticator app or multi-factor authentication to apply an asset allocation benchmark to your client’s account. Although you’ll need to have full transact access to either set up or update the AA benchmark tool.