Netwealth best practices: Reporting tools for business efficiencies

Netwealth best practices: Reporting tools for business efficiencies

Presented by Elyse Bamber Training & Relationship Managers - Netwealth 28 April 2022

Before we get started

This information has been prepared by Netwealth. Whilst reasonable care has been taken in the preparation of this presentation using sources believed to be reliable and accurate, to the maximum extent permitted by law, Netwealth and its related parties, employees and directors are not responsible for, and will not accept liability in connection with any loss or damage suffered by any person arising from reliance on this information.

Netwealth Investments Limited (Netwealth) (ABN 85 090 569 109, AFS Licence No. 230975) is a provider of superannuation and investment products and services, and information contained within this presentation about Netwealth’s services is of a general nature which does not take into account your individual objectives, financial situation or needs. Any person considering a financial product or service from Netwealth should obtain the relevant disclosure document at www.netwealth.com.au and consider consulting a financial adviser before making a decision before deciding whether to acquire, dispose of, or to continue to hold, an investment in any Netwealth product.

Unless specified, all information in this document is as at 25/04/2022. This document is intended for adviser/licensee use only. Unauthorised use, modification, disclosure or distribution to any other party without Netwealth’s express prior written consent is prohibited.

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Meet today’s speaker

Elyse Bamber Training & Relationship Manager Netwealth Investments

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Housekeeping

Turn off your camera and microphone • Please ensure your camera and microphone are turned off during the webinar

Webinar is being recorded • Slides will be sent to you after the webinar via email

Enter your questions in the meeting chat section of Teams webinar • We will get to them either during or at the end of the webinar

Netwealth time saving reporting tools

How Netwealth can help?

• Netwealth has a wide range of business level reporting at your fingertips • Learn how to generate reports across a variety of categories • Save time for you and your staff • Make your processes more efficient

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But it’s not too late to take control We have a solution for you!

Today we will focus on 1. Business Level Reporting 2. Tax Reporting 3. Coming Soon..

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Business Level Reporting

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How can Netwealth Reporting help?

You may find you: •

Don’t know how much your clients can contribute

• Are following up clients for contributions • Are unsure which clients have a beneficiary • Don’t know if family fee linking has been set up • Want to know the clients that have logged in and how often • Don’t know your client fee consent anniversary dates

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Three simple steps to use Business Level Reporting

Log into your Netwealth account

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Select Reports in the menu bar and then select Adviser Reports

Access 5 different categories and 50 reports at your fingertips

Reminder of online processes How to look through 5 different categories

Where to find your business level reporting

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Fee consent reporting

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Tax Tools for Reporting

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Utilising Netwealth’s Tax Tools

• Tax Preferences • Client reporting • Tax Reporting • 2021 Taking control of Tax Time Webinar

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All at your fingertips

• Update your clients Tax Preferences online using FIFO, LIFO, Min Gain, Max Gain • Find and download your clients Tax Statements easily • Calculate CGT while trading.

• Track distribution status of your clients tax statements

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CGT tools while trading

• CGT calculated for Super • Gains and losses calculated for WRAP • Switch back and forth to get your ideal outcome • Parcel selection available or let us work it out for you

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Coming soon…

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Reporting against Benchmarks Where you will be able to easily create your own benchmark reports

What can you benchmark against?

• Morningstar Australia Conservative Target Allocation • Morningstar Australia Moderate Target Allocation • Morningstar Australia Balanced Target Allocation • Morningstar Australia Growth Target Allocation • Morningstar Australia Aggressive Target Allocation • CPI+ • Cash Rate+

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Benchmarking Account Snapshot

• See how your clients portfolio performed within your chosen date range • Report across one or two benchmarks

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Benchmarking Portfolio Performance

• Compare since inception performance against your benchmarks

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In summary…

What we learnt today

• Netwealth’s suite of business reports can give you time back in your day • Run these reports on a monthly basis to keep on top of your client accounts • Utilise our flexible tax tools to optimise trading experience • How to track Client Fee Consent anniversary dates • Soon have access to compare your client’s performance across a variety of industry benchmarks 22

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Questions

How to get help

Online guide now available via the ‘Support’ tab • Details the consent requirements for each product • Information for advisers using their own consent templates • FAQs • Webinars • And more…

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Thank you