Preferred Portfolio/Models

1.

1 point

Andrew Grinsell calls and says that his client wants to add capital protection to a fund he holds LAZ0014AU, clients name is M03406567 - Paul Brennan will the adviser be able to do this?

Wrap does not require a particular compliance structure and will support both discretionary and non-discretionary arrangements.

In this situation If the adviser wishes to apply protection to this fund, the model will need to be amended or unlinked from the client.

It is important for you to manually monitor the status of your order on the Order Status page and re-submit the order when cash becomes available to allow the capital protection to function.

Capital protection can be linked to this clients holding.

2.

1 point

What day of the month does BT organise the automatic rebalance of a model portfolios?

16th

8th

There is no rebalance that BT organises.

21st

3.

1 point

Adviser F0437229 wants to set a substation for a dealer group model for his client M03406567 who has told him he wants to replace the Platinum asia share fund with the BT International fund, can Andrew do this at no additional cost to the client?

He can order the BT international fund through investment orders and exclude the Platinum Asia fund from any rebalances through client preferences

Yes he can substitute the asset through the client set preferences page.

He will need to request a manual order to be placed.

Andrew can’t do this he does not have substitution functionality and would need to discuss his current level of access with his dealer group.

4.

1 point

An order error specifies that your order has $500.00 too little to fund the rebalance, what needs to be done?

Delete the line of the rebalance that has that particular error.

Brokerage was not taken into account on the initial rebalance which is why you have this issue.

All of the other answers could help with the solution to this problem.

Reduce the order amounts by $500.00 to allow the order error to be rectified and then your rebalance transaction will be able to go through

5.

1 point

Are approved product lists legislated?

Yes

No

6.

1 point

If I have set up a model for Superwrap only do I have an option of linking a wrap client to the superwrap model?

The model will need to be amended

No

The client would need to invest via a preferred portfolio

Yes

7.

1 point

For BT Portfolio Wrap+ an adviser calls wanting to set client preferences (including stock substitution) can any advisers from this badge do this? What form needs to be sent in if any to get this done?

No advisers on this badge can do this, any change to their access needs to be discussed with the dealer group.

Advisers can do this through the set preferences page, all advisers should already have access nothing needs to be sent in.

Wrap dealer group access form, available from the dealer group website, and no advisers can do this on this badge

Models always allow this, an adviser registration form so that you are registered for BT Portfolio Wrap + is all that would be required for access to this.

8.

1 point

How many Assets does BT recommend to have in a model ?

A maximum of 25 lines of investment

Less than 50 Investments

35 Investments

There is an unlimited amount of investment opportunities through models

9.

1 point

Can an order be submitted even when an order warning is present?

All order warnings must be addressed before submission

Yes

No

You will probably need to check with a SME

10.

1 point

An adviser from BT Wrap wants access to the dealer group models page, can this be arranged?

No

Yes

11.

1 point

What day of the month does BT target (give or take a day or two for weekends) to process automatic preferred portfolio rebalances that are scheduled for quarterly?

2nd of the last month of the quarter

16th of the last month of the quarter

8th of the last month of the quarter

21st of the last month of the quarter

12.

1 point

A preferred portfolio can have a maximum of how many managed funds?

24

25

15

20

13.

1 point

With preferred portfolio and Model orders, do CRC’s offer manual trades when the trades cannot be placed online?

This is not a service currently offered.

We will definitely assist an adviser with a manual trade

Yes, if there is no desktop functionaility we will happily take manual orders

We will take the order in limited circumstances as per sp doc id 155659

14.

1 point

I have a client in a model which has BHP as one of the Core holdings, my client is currently advising BHP in regards to its corporate strategy and is not allowed to purchase any further securities in BHP, this is only going to be for a six to eight month period, is there anything I can do in regards to not purchasing any more BHP when I am rebalancing, also ensuring that the current holdings are kept?

You can specify conditions for minimum transaction and holding values. The rebalance process will only recommend rebalance transactions when these conditions are met.

You can lock BHP to the current holding amount so no further units will be purchased, you can simply turn this off in the future when the client is able to purchase the asset again.

You can establish a new model and link the client to that.

You can make sure the client is invested in a range of managed funds in a preferred portfolio with a similar investment strategy to BHP.

15.

1 point

All orders that contain order errors or rebalance errors can be submitted. True or False?

True

False

16.

1 point

On the Citichoice Badge what is the percentage allocation for the Platinum Asia fund in the “Absolute Return Growth Model 27 Sep 16” which is a dealer group Model?

5%

15%

10%

20%

17.

1 point

I have two models linked to my account what is the model facility fee I will pay?

$485

0.1% of managed fund trades and $39 for equities

$19.95 per Equity and zero for managed funds

$242.50

18.

1 point

n adviser that has limited access to models can Link clients to models and set client minimums for holdings. True or False?

True

False

19.

1 point

A saved rebalance for a preferred portfolio may need to be deleted prior to rebalancing a clients preferred portfolio. True or False?

False

True

20.

1 point

What is the minimum percentage allocation for the working cash account in a preferred portfolio?

$2500

1%

There is no minimum

2%