Creating and managing account groups in Adviser Online

You can group a minimum of 2 and a maximum of 8 of your clients’ accounts together to make them easier to manage.

For Reporting groups, this can be done via Adviser Online. However, for Fee and Statement groups or mixed groups (i.e. Fee/Statement/Reporting), you can use the Fee form which can be found  at Adviser Tools by searching ‘account grouping’.

Grouping can be useful when a client or their entity holds multiple Wrap accounts. Your clients won’t be able to see the other accounts in their account group unless you request otherwise.

There are three types of groups available on Perpetual Wrap:

Reporting Groups

You can generate reports across different products for up to eight accounts within the group. This includes a Portfolio Review report for the nominated group.

An account can be in multiple reporting groups.

See how to create and manage Reporting Groups in Adviser Online.

Statement Groups

You can group accounts to receive a consolidated statement covering all accounts within the group. You’ll need to nominate a primary account to receive the consolidated statement for the account group. 

See how to create and manage Statement Groups in Adviser Online.

Fee Groups

When grouping accounts for fees, these accounts will be automatically grouped for administration fees and advice fees (if applicable). 

Administration fees and costs:

You can group up to eight accounts of your client’s relevant family members for fee aggregation. Tiered administration fees will be calculated on the total applicable balance of the grouped accounts.

Advice fees:

• You can choose to apply advice fees against groups of the same account type. You can also set an adviser service fee for each individual account not part of the group. When grouping accounts for advice fees, these accounts will be automatically grouped for Administration fees as long as they satisfy the conditions outlined above.
• Tiered adviser fees loaded to the group are first calculated on the total Funds Under Administration (FUA) balance of the FUA of all accounts and then pro-rated to each account in the account group based on the proportion of FUA held in each account by default. 
• For accounts grouped for fees containing non super accounts, you can also elect the % split of fees to be charged per account instead of being pro-rated. Flat adviser fees for grouped accounts will be pro-rated by FUA across the accounts in the same account type.

See how to create and manage Fee groups

Read more about Fee aggregation

Read the relevant section below for instructions on how to create and manage Reporting groups through Adviser Online by hovering over Clients in the side navigation and selecting Wrap groups.

Please note you need Full Transact access to create and edit Reporting groups.

Groups established in Adviser Online are directly leveraged by Report Builder for generating group reports. Report Builder can instantly utilise these existing groups, eliminating the need for ad-hoc group creation. By default, all active accounts within a created group (up to a maximum of 8) will be selected when generating a report.

For more information see Using Report Builder.

The Grouping form to create and amend Fee and Statement groups is available via Adviser Tools by searching for ‘account grouping’.

The Grouping form to create and amend Fee and Statement groups groups is available viacan be found at  Adviser Tools by searching for ‘account grouping’.

If an account is closed part way through the month, it will be treated as an individual account for adviser fee purposes. The closed account will not be considered part of the group for fee calculating purposes from, and including, the month the account was closed.

You can see information about grouped accounts in Adviser Online.

1. Search for the group using the group name number or scroll to find the group
2. Click the group name.

You’ll be able to see:

• which accounts are grouped
• what group type (Reporting, Statement or Fee) they’re part of.