Working with Investment Accounts

Working with Investment Accounts

An Investment Account is a generic FACTS term for a bank account, custodial account, investment manager, or any other investment entity. Each Investment Account provides a periodic (usually monthly) statement of activity and an account balance.

Each Pool may be invested in one or more Investment Accounts. When you are trying to determine the number of Investment Accounts you will need for a Pool, it is useful to think in terms of the number of statements you receive.

In FIMS, Investment Accounts within the Pool are identified by the Custodial / Bank Account record.

NOTE: If you plan to use the Asset Rebalancing system to help manage your portfolio, you should create a separate Pool for each Account. Refer to Using Asset Rebalancing in the General Ledger module for more information about Asset Rebalancing in FIMS.