How it works, what unique features and benefits you’ll find inside, and how it acts as a useful tool for managing a GIC portfolio with more profitability and success
Here we examine our sample clients; Alex Bell, where we list his open account, his TFSA and RRSP and RRIF accounts.
The Summary Page
The front page of your MoneyGuide Deposit tracker statement presents an overview of your current account holdings, comprised of four key elements:
1. Displays the time period being reported and the number of pages the report contains
2. Provides account holders name, address, and the name of your servicing account manager and contact information
3. The Current Portfolio Holdings Summary
(a) All accounts are listed along with the principal $ amounts, and their average rate.
(b) Open and registered plans are valued individually.
Individual product types are reproduced in a colorized pie circular chart, indicating their value and portfolio percentage.
The bar graphs illustrate the Total Annual Interest Received across the number of years invested, and the Total Maturities by Year combines that same interest with the principal amount of the investments, to display year over year maturity payouts.
Account summary – main account holders investment holdings
In this feature and illustration the data is sorted by “Maturity Date”, sorted by any of the other column headers.
You’ll see that the issuers are listed along with the certificate contract number, amount on deposit, interest rate and how the interest is paid. Both issue and maturity dates, maturity value including any compounding certificates value points, and its estimated present value. Principal amounts are totaled, providing a unique insight into the GIC portfolios average rate of return.
Additionally, RRIF, RSP, RRSP (Spousal) and/or RESP accounts are shown in the same detailed fashion.
Details of Entered Investments (sorted by maturity date)
We’ve added the Interest Payment Calendar and Income Recorder wherein investment interest payments by month, and identified by issuers name and by ” index” sorting number.
At a glance all interest payments are shown and totaled per month and by year, plus an overall portfolio accounting.
Here you’ll be able to reconcile within our T5 Interest Payment Summary (available upon request), each account plan’s components throughout a selected date range.
Maturities by Year – Laddering
This illustration provides a year over year summary of investments active in the yearly columns. Indicates the percentages of total assets invested in each of the corresponding years.
Its usefulness is in that investments can be designed to renew at yearly intervals across a five year span, and why having equal amounts invested captures the best interest rates over time. (More on – How laddering benefits can apply to you)
A Better Understanding
That summarizes the features of our Deposit Tracker, demonstrating the valuable insights it can provide. You’ll see at-a-glance the grand total and product type portfolio holdings, with whom they were invested, and individual interest rates, year over year combined portfolio percentage(s) – along with being able to reconcile the Deposit Trackers T5s notations like never before.
All in all, the MoneyGuide Deposit Tracker is the most useful accessory for managing fixed term guaranteed deposits.
