Difference between revisions of "Planit:Add an Asset (Canada)"

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Latest revision as of 10:05, 17 May 2021

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There is more than one way to learn about PlanPlus Planit. Check out our other Training options, from structured tracks around planning types, to self-serve, mix-and-match topics.

In this Video you will Learn...
How do I add an asset to an account?
• Expand, add new asset
• Product Search
• Detailed asset information

Keep on Track! Continue training on...
Investment Management Modular Planning
Life Planning Integrated Planning
Assets and Liabilities Screen

Other Related Topics
Edit an Account Add an Account (Canada) Introduction to the Assets and Liabilities Screen (Canada)
Custom Asset Add a Personal Use Asset Morningstar

The material in this video may differ somewhat from what you see on your site due to difference in version, jurisdiction, corporate content or access level. Regardless of these differences most of the core functions are consistent across all sites, so you'll be able to benefit by and large from what you learn in this video.

Planit.gif Learn by Reading!

Adding in Registered and Non-Registered is much the same as adding in “Personal Use”, lets go over an example. Again you would click the “Add Asset” link.

After clicking this link it will bring you to the Product Selection screen. You will notice that there are several ways to search for products. You can choose the Product Type, Asset Class or you can bring up a list of your favourites providing you have entered them under the “Favourite Products” to learn more about this please go to the Administration section of this manual. You also can search by Product Name, Company Name or by Product Code and typing it into the description. The best way to search for a product in the product master is by actual product code. For a mutual fund, that would be its actual fund code. For a stock that would be its ticker symbol.

In this example, AGF Canadian Bond was searched for by its product code.
  1. Enter product code into the Description field then select Product Code.
  2. Select a favourites list if desired, then click Search.
  3. Click Select to choose the product and redirect to the Detail Assets & Liabilities screen.
  4. Click Fund Details if you wish to view more information about the product.

Searching for a product by its code, if most or all of the code is known, is more efficient than the other options, but if the product code is not known it is possible to search for a product by its name (default) or the name of the company the product is affiliated with.

Upon clicking select the Detail Assets & Liabilities screen is displayed. Edit the description if needed and enter an account number if required. There is a choice here to enter either the market value of the holding or the number of units held. It is recommended that, if known, the number of units is entered. The unit price is updated in the system regularly, so if the number of units is selected, the system will keep the value current so the advisor does not have to manually update repeatedly. Regardless of selection, once the market value or number of units is entered, click calculate and the system will calculate the value of the choice that was not selected.


Because this is an RRSP holding, it’s not important to enter an accurate ACB since taxation on RRSP’s is based on the full value when withdrawn, not on accrued gains in the account. So it’s your choice whether you want to bother recording the ACB on registered accounts or not. There is also a section where you can identify any liabilities against this asset.

You will also notice the “Allocation Breakdown” this identifies how this particular product is classified relative to asset allocation. In this case the AGF Canadian Bond fund is classified as “Fixed Income”. Once we have completed all the details we can click on Save. Back at the Detailed Accounts Screen were we can expand our RRSP account and see our new holding under this account.

As many assets as required can be added to each account, just by clicking Add Asset.