The Dispatch

Reminder: Unique Portfolio for One Client Is Not Permitted

A Unique Portfolio is defined as one not intended by the advisor to be used for multiple accounts. A Unique Portfolio has target holdings and weights that only exist in one account, making it unique. EQIS offers a platform that functions at the model level, and Freedom Advisors turns that into scalable, convenient one-click processing, whether you are making a new investment, changing from one model to another, raising cash, or adding to an existing account.

No more Unique Portfolios may be created. We have no problem retaining any number of Unique Portfolios for which an advisor deems it appropriate not to make portfolio changes. Current Unique Portfolios can be maintained but cannot be changed. The only actions that can be taken with a Unique Portfolio are to add or remove funds, either one-time or recurring in the one account in which the Unique Portfolio is held. If you have determined that the holdings and/or weights of a Unique Portfolio need to be changed, that is the time to move the client to an existing Pre-Built or Advisor-Built Model, or to create a new Advisor-Built Model, which you intend to use going forward for more than one account. Your EQIS Consultant will assist you with this process.

In Freedom Advisors, existing Unique Portfolios have been established as “models” only in that the sleeves are brought together in a uniquely named UMA model but with reference to that one client’s name (e.g., SmithJane1429539 – 901L). Unique Portfolios will not appear in the Model Center. This means they will not appear in the Investment Plan model selection dropdown nor in “Add Model” dropdowns throughout the various service requests in the Service Center.

Imagine all or nearly all your business invested in a discrete set of carefully curated model portfolios covering the spectrum of client investment objectives and risk tolerances. Imagine the practice leverage you will have with models purchased with one click and the ease of changes sweeping across hundreds of portfolios with one click.

We are here to help. If you need any assistance, contact Advisor Services at support@EQIS.com or 800-949-9936 and press 2.