QPS Report
Margin
Basic Performance Research
General
General
100
Accrued Income is included, trade date vs. settlement date at the end of the period, Bond factor changes.
What are possible reasons the Market Value at quarter end on the QPS Report may differ from the Market Value at quarter end on the brokerage statement?
100
Borrowed money that is used to buy securities.
What is Margin?
100
The performance calculation method used for AMS accounts. It minimizes the impact of flows in and out of the account. It reports all month end values from inception to end date.
What is Time Weighted Performance?
100
The only team of red haired ladies willing to drop what they are doing to help us at a moments notice.
Who are the AMS Performance team?
100
Money that is "hidden" from the manager to invest. Often the money is "PIP"ed in as an investment strategy to smooth cost basis.
What is meant by money held "Off Cash"?
200
The Total Market Value Since Inception and the Initial Investment plus Contributions/Withdrawals
What 2 values are represented by separate lines in the graph on the Total Portfolio Value Since Inception page of the QPS Report?
200
Money that was actually borrowed to purchase securities plus interest.
What is Margin Debit plus Debit Interest?
200
The gain or loss on an investment/portfolio over a specified period, expressed as a percentage increase/decrease over the initial cost.
What is Rate of Return (ROR)?
200
-The total return for the combined group is calculated as an aggregate return. -All qualifying accounts are treated as though they were 1 large account. -Accounts opened after the earliest inception date are treated as Capital additions. -Accounts closed during that period are treated as Capital withdrawals.
What are the basics of Combined Performance Calculations?
200
In a combined relationship, this report will only retain the performance history while an account was an AMS account. A closed AMS account will show as a Capital withdrawal.
What is the Quarterly Performance Summary (QPS) report.
300
It does not show management fees as a loss regarding the performance return. It is a more fair comparison to performance Bechmarks, which have no fees.
What is the Rate of Return Gross of Fees?
300
The margin debit and interest payments are added back into the market value. It is the default calculation method for AMS accounts.
What is the Time Weighted-All Cash Basis calculation method?
300
In Time Weighted Performance, it can occur if the market value drops to zero as AMS accounts are supposed to be funded.
What can cause *ERR to appear in the Rate of Return column in the Performance Detail by Period screen?
300
In this system, AMS accounts that are converted to retail accounts (and remain linked) will remain and continue tracking performance, since this system also track performance of retail accounts. The QPS report will only retain the performance history while the account is an AMS account.
What is the Portfolio Performance system.
300
-Capital addition-cash deposit -Capital withdrawal-cash withdrawal -Security movement-security deposit or withdrawal -Tax withholding -Other expense activity-typically non-management fees such as ATM fees, annual service charges, etc. -Outside Manager fees on OMS accounts only
What is a "Flow".
400
The page of the QPS Report that gives the Top Ten Securities and % of Equity, along with the Industry Sectors represented as a % and with a pie chart?
The Equity Analysis page.
400
The calculation method where the margin debit and interest payments are not added back into the market value.
What is the Time Weighted-Net–Total Equity Basis calculation method?
400
The Components of Market Value Report.
What is the name of the screen that provides Portfolio Holdings, Accrued Income/Principal and Total Market Values in Performance Detail by Period?
400
Dollar weighted performance is unavailable for Eagle accounts whose performance was tracked by this system prior to 2003.
What is GIM2000.
400
It is essentially an estimated rate of annual return that extrapolated mathematically.
What is the Annualized Rate of Return?
500
AMS QPS Maintenance on the Advisors Resource Consol.
What is the area where the Financial Advisor would go to change AMS Optional Benchmarks or QPS Statement Print Maintenance?
500
-A new account form 1212 initialed for margin ready access. -An AMS Customer Acknowledgment form. -Both the New Account form, and AMS Customer Acknowledgment form require Client, FA and Branch Manager signature. -Submit to Customer Accounts
What is the necessary paperwork required to set up margin on a managed account (RJCS, Eagle or Freedom)?
500
-Capital additions-cash deposit -Capital withdrawal-cash withdrawal -Security movement-security deposit or withdrawal -Tax Withholding -Other Expens Activity-typically non-management fees such as ATM fees, annual service charges, etc. -Management Fee-OSM accounts, Outside manager fee
What are "Flows"
500
In the Portfolio Performance system, it shows the cumulative ROR of an account since its inception.
What is the Current Since Inception Rate of Return?
500
-Immediately complete a Performance Template -Mark the e-mail with High Importance -Include in the subject line "Urgent-Client Meeting" -Provide the exact time of the client meeting -Communicate to a Performance team member if possible
What are the procedures for addressing an urgent performance issue request where there is a client meeting?
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