FirstNet Adviser help

Business reports provide you with information about your client base, including the breakdown of your funds under advice, fund flow, insurance or revenue. These reports have been developed to save you time as well as provide you with valuable information.

Business reports can be requested on demand, either as a formatted report (PDF) or a data file (CSV). You can select the level of detail that appears in reports as well as how the information is filtered when requesting a business report.

The Funds under advice reports include the sum of all your clients' accounts at the end of the selected month. This functionality means you are able to request this report at any time and keep up to date on the total assets you have under advice at the end of any month.

How is this report calculated?
By multiplying the number of units held in a fund by the unit price for the selected date. For non-unitised products, such as cash management trusts, the account balance is used. For products that do not price daily, such as hedge funds, the unit price will be the last available price.

The Fund Flow reports capture the movement of funds under advice for the selected data range, detailing the dollar inflow, outflow and netflow.

Inflow is defined as the sum of all account purchases (including re-invested distributions) gross of fees and taxes.

Outflow is defined as the sum of all account withdrawals (including pension payments).

Netflow is defined as Inflow less Outflow.

Switches between options and transfers between accounts are not counted within the fund flow report.

The in business reports the revenue report includes your selection of revenue types between your selected date ranges. You will be prompted to select these each time you run a revenue business report.

The insurance report includes details of insurance types and premiums for a selected date.

To request a business report:

1. Select Reporting from the top navigation menu.
2. Select Business reporting from the left navigation menu.
3. Select the Type:
   • Funds under advice (FUA)
   • Fund flow
   • Margin lending
   • Revenue
   • Insurance
4. Select the Date:
   • For FUA, you can select any month end date from the dropdown list. However, you can't select a date range for Insurance 
   • For Fund flow, two dropdown lists are shown, allowing you to specify a date range. You can select any 12 month period, the earliest start date being 1st June 2001. Reports run only from start of month to end of month.
   • For Revenue, two dropdown lists are shown, allowing you to specify a date range. You can select up to 24 months, the earliest start date being 24 months prior to the most recent month end. Reports only run from start of month to end of month.
   • For Insurance, you can select any date from the calendar.
     
5. Select Report by:
   • Client
   • Product
   • Fund manager
   
   
      For Insurance reports you can select Report by:
   
   
   • Clients with Insurance - Personal Super products
   • All clients - Personal Super products
   • Clients with Insurance - Employer Super products
   • All clients - Employer Super products
   
   
   Select the Organise by option. This section is only available if you have set up Segmentation and you have chosen to organise by Client (in step 5 above).
   
   
   You must have set up at least one client segment for this option to be available in the dropdown list. Equally you must have set up at least one revenue segment for this option to be available in the dropdown list.
   
   
   
6. Select Format
   • Formatted report (PDF)
   • Data file (CSV)
7.  Select Available reports: the report with the level of detail you require. To help choose which report suits your needs you can view a sample of each report format and the type of data it includes.
   
   For Revenue reports only:
   
   
8. Choose what revenue types you want included in the report and the timeframe for inclusion.
9. Choose if you want Relationship groups included in the report (not available if reporting revenue by product).

Select Submit to request the report. A confirmation of your request will be displayed.

Note: For a large report or during periods of high request demand it may take up to 15 minutes for a report to be generated.

As soon as a month is available for selection it will appear in the drop down list. The following reporting dates can be used for the three types of business reports:

• Funds under advice (FUA) reports - you can select any month end from the 30 June 2001.
• Fund Flow reports - you can select a reporting period between 1 and 12 months from the 01 June 2001. Reports run only from start of month to end of month.
• Revenue reports - you can select a reporting period between one and 24 months, the earliest start date being 24 months prior to the current month end. Reports only run from start of month to end of month.