Overview
Model Types

- Create a Brokerage Model
- Create an Asset Class Model (If entitled)
- Create a Workplace Investing Model (If entitled)

- Copy an Existing Model
- Match an Account
- Edit a Model

Overview

Create models to rebalance a client, group, or an account. Models can be saved for future use or, if entitled, shared with other users at your firm.

You have several options to create a new model:

• Create a Model
  This represents a new model that you manually create from scratch.

• Copy an Existing Model
  This represents a model created using the elements and targets from another model. After you choose the model to copy, its details populate the Create Model window where you can edit the model to your liking.

• Match an Existing Account
  This creates an Individual model based on the security holdings of an account (instead of another model).

• Save a Copy of a Fidelity Model
  If entitled, on the Fidelity Models window, choose which model to save a copy of. (Choose a Fidelity Model to Copy)

Create a Brokerage Model

Use this process to create Brokerage models (Individual and Composite).

1. Select Models > Create Brokerage Model.

2. Enter the Model Name.

   - To define the purpose of a model, enter its Description.

3. Select the Model Type:

   Individual
   Contains at least one security. Individual models may be either dollar- or percent-based.
   Composite
   Contains at least one model; can also contain securities and additional models. Composite models are percent-based only.

4. In the Set Tolerance section, indicate the basis of the model:

   % of Model
   Available to all models.
   Dollar Amount
   For Individual models only.

5. (If entitled) Choose the Access Type:

   Public
   Access to the model is unlimited to members of your firm.
   Private
   Access to the model is limited to you or another member of your firm.

6. If you selected % of Model:

   Above the Model Elements table, select the Tolerance:

   Absolute
   Calculated as the Target plus or minus the percentage figures in the Min and Max fields.
   Relative
   Calculated as a percentage of the Target. Min equals Target x (1 - value entered in Min field). Max equals Target x (1 + value entered in Max field).

   Enter the Min value:

   - This is the lowest percent you do not want to go below.
   - This is labeled as % or $ based on your Set Tolerance choice.

   Enter the Max value:

   - This is the highest percent you do not want to go above.
   - This is labeled as % or $ based on your Set Tolerance choice.

   Note
   These settings apply to all elements in the model.

7. Choose the Model Elements. (Model Lookup, Security Lookup)

   For an Individual model:
   - In the first available row, from Type, select Security.
   - In Security/Model, enter the security identifier, such as IBM, and press Tab.
   - To continue to add securities, repeat these steps.

   For a Composite model:
   - In the first available row, from Type, select Model.
   - In Security/Model, enter the model name and press Tab.
   - To add a security, follow steps for an Individual model above.
   - To continue to add models and/or securities, repeat these steps.

8. Enter Target %:

   For dollar amount tolerance:
   Enter Target % and $ Tolerance for each security.

   For percent tolerance:
   Enter Target %, Min %, and Max % for each security and/or model.

   - The sum of all entries in Target % and/or $ Tolerance must equal 100.

9. To spread target values evenly across all Model Elements, below the table, select Distribute Target Equally.

   For example, with four elements in the model, select Distribute Target Equally to set the target value of each to 25% for a total of 100%. If a residual occurs when calculating the equal distribution, the amount is added to the target of the last element. To return values back to their prior settings, select Undo Equal Distribution.

10. To save the model, select Save Model.
    or
    To share the model with users at your firm, select Save & Share. (Share a Model)
    or
    To assign clients, groups, or accounts to the model, select Save & Assign. (Manage Model Assignments)

Match an Account

Base or match a new model on the current holdings of an existing account. An account with a negative or zero balance, however, cannot be selected as a matching account.

1. Select Models > Create Brokerage Model.

2. Select Match Account.

   - Enter the account number, at least one character.
   - Select the magnifying glass.
   - Results include matches that "start" with the value entered.
   - To include the account's cash in the model, select Include Cash Position.
   - In the Account # column, select an account.
   - The account's holdings populate the Model Elements table.

3. Enter a Model Name.

   - Amend the Description with the purpose of the model, if necessary.

4. Edit the model by adding or removing securities and/or models, and changing Model Type, Set Tolerance, and Min and Max Targets as needed.

5. To save the model, select Save Model.
   or
   To share the model with users at your firm, select Save & Share. (Share a Model)
   or
   To assign clients, groups, or accounts to the model, select Save & Assign. (Manage Model Assignments)

Edit a Model

Edit an existing Brokerage (Individual or Composite) or Asset Class model by changing its criteria, and adding or removing its model elements (securities and/or models).

To edit a model, one of the following must be true:

- You are the user who created the model.
- You are a PM&R administrator at your firm.

You cannot, however, edit a model that was shared with you.

Guidelines

• If you change Model Type from Individual to Composite:

  - Set Tolerance changes to % of Model (Dollar Amount is disabled).

• If you change Model Type from Composite to Individual:

  - Select Convert to confirm the conversion.
  - Assigned sub-models are removed from the model.
  - Set Tolerance by Dollar Amount is enabled.

Since editing is similar to creating a model, to learn more, go to:

- Create a Brokerage Model
- Create an Asset Class Model

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