North’s latest Switch enhancement: a better way to reweight client portfolios

We’ve been continually improving North’s switch capabilities, to provide you with an all-encompassing tool. Powerful scenario modelling, ultimate flexibility and reduced admin burden are a few of the outcomes we’re delivering.

And one of our latest enhancements is providing a better way to reweight client portfolios.  Giving you more flexibility, accuracy and overall efficiency.

You now have two powerful ways to place your trades:

1. Enter target weight: Simply enter target percentages for each investment directly into the intuitive Switch instructions grid. The system will then calculate the necessary trades to achieve your goals.
2. Enter buy or sell amount: This option offering direct control over investment size remains unchanged

Both methods seamlessly integrate with your advice documentation, allowing you to effortlessly translate percentage-based recommendations into actionable Switch instructions. No more manual recalculations before entering your trades.

The flexibility doesn't stop there. You can also:

• Tap into Switch's powerful tools: As always, Switch offers a range of powerful features to help you make informed decisions. Model taxes, compare fees, assess asset allocation, and even generate reports like the ROA document – all within the same tool
• Update Cash account targets: Cash account settings can now be updated as part of the first step in Switch instructions. Bringing these settings forward means new Cash targets are now able to be reflected and factored into the Switch instructions.
• Experience greater efficiency with consent forms: If investment instructions are altered as part of a Switch, you'll now only need to complete a single consolidated authorisation form.

And we’ve introduced unprecedented traceability too

Upon submitting a switch transaction you can now view expected completion dates in Activity Management as well as progress and status updates. Manage your clients’ expectations with maximum confidence and precision.

With its intuitive new methods, combined with its existing powerful tools and North's Contra-trading functionality, Switch makes trading faster, simpler, and more efficient than ever.

For more information on this enhancement login to North and access the guide available via North Online > Support > Training Resources: How to Guide: Switch investments