Banking Software: Investment Management

Wealth Management: Trillions to be Managed

The shift of wealth between the North American baby boom generation and their children puts trillions of dollars into motion over the next thirty years. Do you have a strategy?

Portfolio Plus manages RRSP investments, RESP investments, RRIF investments and more.

Wealth Management: Key Success Strategies

Rapid Product Creation with Parameter Powered Products

Portfolio Plus delivers the power of speed to market with a parameter powered product concept that banking analysts have been championing for years. Your system won't have to be enhanced every time you want to bring a new product to market. There is no waiting for a software vendor to provide an update. You are in control.

Plug-In Banking: Horizontal and Vertical Scalability

With trillions of dollars available for investment in the next 10 years, you’d better be ready to accommodate rapid growth both in volume and in functionality. Portfolio Plus delivers this scalability through a feature we call Plug-In Banking. Plug-In Banking accommodates vertical scalability, allowing you to add users and products when you need to, and horizontal scalability, allowing you to add new lines of business or integrate with legacy systems and industry standard interfaces.

Investment Management Product Types: Registered

Portfolio Plus, with its parameter powered product definitions, allows you to define registered investment accounts such as RRSP, LRSP, RESP (family and regular), RRIF, LIF and LRIF.

Investment Management Product Types: Non-Registered

The parameter-powered product capability of Portfolio Plus banking software also allows you to create non-registered products such as Managed Accounts, Cash Accounts, Segregated Accounts and Discretionary Accounts.

Investment Vehicles

The investment vehicles available to you in the Portfolio Plus Investment module include cash, internal and external term deposits, internal mortgages, external mortgages, mutual funds, bonds (interest bearing and discounted) and stocks.

What about Taxes?

Using a combination of Asset Types and associated Transaction Codes, you’re covered. When it comes tax time you’ll have the data you need for RRSP, RRIF, LIF and RESP products for both self-directed and regular registered products.

A tax form table is also available to tie the transaction amounts to the appropriate tax form box. This happens without any programmatic customization to Portfolio Plus. You are in control.

Taxation Updates for your Banking Software

SIT provides you with tax updates based on regulatory changes. This service is included as part of your yearly maintenance fee. Regulatory changes that affect your registered product business, such as RRSP, RRIF, LIF and RESP are supplied to you on a yearly basis.

Want to Submit Taxes Electronically?

No problem. Using our XML Tax feature, Portfolio Plus will create an XML file for you to submit your data to the government.

What about Accounting Entries?

You define how the registered and non-registered plans will generate to your accounting system. These entries flow through in real-time. You are in control.

What about Regulatory Limits?

The Investment module allows you to enter the parameters for annual limits, withholding taxes and foreign content. These parameters apply for contributions and withdrawals (de-registration).

RRSP to RRIF Transfers

Demographics will be driving an increase in RRSP to RRIF transfers as the baby boom ages. Portfolio Plus allows both RRSP to RRSP transfers, and RRSP to RRIF transfers. Account closing can be completed on-line and be accounted for in reports that are generated on both closed as well as new accounts. Portfolio Plus is ready. Are you?

Registered Retirement Income Funds

By their nature, these income funds can be complex. Portfolio Plus makes the management of the RRIF accounts as easy as possible and includes the following features to help you manage your RRIF business:

• Scheduled and unscheduled payments, at various frequencies, are allowed.
• The annual valuation process automatically calculates the new Plan Value for the next year with associated minimums and maximums. This includes the case where a plan needs to be adjusted because the new annual minimum payment is greater than the existing fixed payment.
• Adjustable term deposits can be set up to pay interest and principal into the RRIF Cash Account automatically. The principal and interest amounts will be adjusted for each pay period based on the outstanding balance.
• Multiple companies can be supported by the RRIF system built into the Investment module.
• T4RRIF’s can be automatically produced.
• Supports legislative requirements for qualified versus non-qualified plans.
• Legislative minimums and maximums are built into the setup.
• January 1st payments can be run on time, in advance of valuation, with the system taking into account the Annual Minimum Payment.

RRIF Valuation and Payment Processing

Your customers need to know their options. The modeling of various scenarios can be run on demand using the built-in modeling function of the Portfolio Plus Investment module.

Life Income Fund (LIF) and Multiple Jurisdictions

The Investment module of Portfolio Plus can accommodate multiple jurisdictions. This is accomplished via the use of proprietary transaction codes that enable the accommodation of virtually all legislative requirements. The result? Reduced errors and simplified processing.

Override of Withholding Taxes

The Investment module automatically calculates withholding taxes for you, while giving you the ability to override these during payment processing.

Agents are Customers Too!

Much of today’s banking business is agent-driven. As such, the Investment module facilitates the association of an Agent Profile for each plan and allows you to drive the agent-based reporting and queries that you require.

Fluid Payment Processing

Portfolio Plus delivers payment processing flexibility. The Investment module has numerous options for payment processing, both inbound and outbound. These options include, but are not limited to, payment by cheque, payment to or from an internal retail account, and debits and credits to an internal or external account. In banking terms, electronic payments are referred to as Pre-Authorized Debit (PAD) and Pre-Authorized Credit (PAC) payments. The Investment module of Portfolio Plus accommodates both PAC and PAD payments.

What about Third Party Feeds such as FundSERV, CESG and Financial Post?

The Portfolio Plus Investment module accommodates feeds from:

• FundSERV - pricing, settlement and reconciliation.
• CESG (Canadian Education Savings Grant) - RESP/FESP’s
• Financial Post Pricing Service - pricing securities

Portfolio Plus Integration: Plug-In Banking

All of the Portfolio Plus modules work seamlessly together, independently and with third parties. This means you don’t have to purchase the entire system at once. Purchase what you need, when you need it. Some of the other modules available with Portfolio Plus include the Term Deposit module, the Loan and Mortgage module and the Retail Banking module. You are in control.

Integration with XML (eXtensible Markup Language) and Middleware

If you have sophisticated infrastructure with legacy systems that cannot be supplanted, you can meet your need with a combination of the Investment XML feature of the Investment module and enterprise middleware from vendors such as Sonic Software, TIBCO, BEA or IBM. This is accomplished through our Universal Gateway and JMS (Java Messaging Service) middleware. If you are implementing an Enterprise Services Bus (ESB) Portfolio Plus can integrate with that too.

Have more Questions?

Investment Management Brochure

The number of configuration possibilities available with Portfolio Plus can be overwhelming. We welcome your questions and look forward to your call. Please refer to our Contacts page for information on how to reach a representative who can help you.