How to create a Target Set IPS (Model Portfolio)

In XPLAN, Model Portfolios are referred to as Target Sets.

Target Sets are model portfolios that contain a range of securities and the recommended weighting for each security.

Target Sets need to be created before they can be applied to a client's portfolio when modelling in IPS or WealthSolver.

**Please Note: You will require the IPS module on your login to complete these steps. It is also highly suggested to have the APIR codes, including the exchange, of the securities that are going to be added as this will save a lot of time in creating the Model Portfolios**

Creating the target set

From the left hand menu, click on -> Maintenance -> Models

You will then need to create a Category to allow your Models to be restricted to just being visible for your practice and also to allow them to be modelled within both IPS and WealthSolver.

Press 'Manage Category' (top right corner):

At the bottom of the pop up window, you can enter your practice name as your Category Name, then press 'Add':

Then navigate through the list in the centre of your screen and locate your practice Category. You will then need to update the Permission from Private to 'Shared with specific groups', then click your mouse into the cell to the right and type your practice group to tick the box accordingly. Side Note: If you have a midway group setup for paraplanning / admin support, you may also wish to apply the visibility to that group as well: After selecting the groups, then click your mouse back to the first column where your practice name is and you will then see your practice visibility update accordingly:

Next step is to then start creating your Target Sets, to access press 'Add Target Set'

You will then see the pop up window, going down the left side, you will first need to update the following:

- Name Tip: Ensure you don't have a special character in the name (e.g. +) or else this will throw an error when saving.

- Description

- Category - must link to your practice Category to allow visibility through to IPS and WealthSolver

- Risk Profile

Then in the centre of your screen you can then search for and add your investment options, firstly enter the investment with the APIR code and extension and select from the drop down list, then press 'Add' on the far right:

After adding the options, you can then double click to edit the values shown in the 'Adjustment' column to your preferred allocations:

Next step is to update the 'Access' tab at the top of the screen, press 'Add' at the top right corner, then enter your practice name to select from the menu and press 'Add', similarly to the prior access screen, you will also need to add the additional groups should you wish them to also have access for paraplanning/admin support purposes:

Mapping the target set to plans

After you have created your Target Set(s), to be able to pull them through to WealthSolver you will need to map it to the plan(s) you wish to model it within.

– Press the ‘Binoculars’ icon (Research) on the left menu, then select ‘WealthSolver -> Research -> View plans’
– You will then be able to use the Search function to locate the plan you want to use the target set: noting you will need to apply to all one by one that you wish to apply to

Next you will need to select from the top right ‘Admin -> Target Set Mapping’:

Scroll through the list to locate your ‘Target Set Category’ (Practice Name), then select the icon to the right under ‘Groups’ to allow your practices group to be selected, this will then allow your staff to be able to select your Target Sets to be applied to this plan within WealthSolver, then scroll up the top and press ‘Save’ (top right corner)

Applying the target set in Wealthsolver

After you have created your WealthSolver scenario and respective proposal, navigate into your proposal, then into either the existing plan you wish to rebalance to the Target Set or to the new platform being recommended with the Target Set, then press ‘Add Investment’:

Then update ‘Plan Investment menu -> Portfolio – Target Set’, then select your Target Set from the drop down menu, noting as you have added these to your practices Category they will be listed accordingly. This will then update with your allocations then press ‘Add Investments’ to pull this through to your proposed plan: