Go to: PM&R Help Menu

Overview
Model Types
Field Definitions

- Search for Models
- Create a Model
- Copy Models
- Edit Models
- Delete Models
- Share Models
- Convert to an Individual Model
- Add to a Composite Model

- Export Models
- Import Models

- Customize the Window

Overview

View a list of models within your firm to which you have access, up to 100 per page.

Models represent a set of securities whose investment objectives you want another account or group of accounts to match. In addition to securities, some models may consist of other models (referred to as sub-models) with different weights and maximum limits. Accounts assigned to a model are then rebalanced according to that model's particular investment objectives.

Model Types

• Brokerage
  PM&R offers these Brokerage model types:

  Individual
  This model type contains at least one security. Individual models may be either dollar- or percent-based. This choice impacts how the model's tolerance limits are calculated.

  Composite
  This model type contains at least one model, and a security or a second model. Composite models are percent-based only.

  Asset Class (If entitled)
  An Asset Class model type contains groups of securities based on designated asset class attributes. Asset Class models are percent-based.

• Workplace Investing (If entitled)
  This model type is comprised of investment plans that contain specific funds. Workplace Investing (WI) models can only be assigned to WI accounts that participate in the same plans represented in the WI model. WI models are percent-based.

• Fidelity Models (If entitled)
  This model type represents predefined Fidelity model portfolios, which advisors may copy and then customize to match an investor's strategy.

Search for Models

Search for a model by, for example, model type (Individual, Composite, and if entitled, Asset Class and Workplace Investing), or model element (security symbol or model). You may also search for invalid models, which are models with issues that you must resolve before using the model to rebalance an account.

From the search results, select a model to view its details.

Note
Search for Fidelity Models on the Fidelity Models window. (Search for Fidelity Models)

To search for models

1. Select Models > Model List.

   - Models list in order by Name.

2. To search for a model, from Filter by, choose an option and select Display:

   Option	Description
   Model Name	Enter the model name, at least 1 character.
   Description	Enter the description of the model, at least 1 character. Numbers and special characters are not allowed.
   Type	Select the model type: Individual Composite If entitled: Workplace Investing Asset Class
   Created By	Enter the ID of the user who created the model, at least 1 digit.
   Creation Date	Select the calendar icon to choose the date the model was created. The default is the current day's date.
   Edited By	Enter the ID of the user who last edited the model, at least 1 digit.
   Edit Date	Select the calendar icon to choose the date the model was created. The default is the current day's date.
   Model Element	Choose the element type (symbol or sub-model) in the model, and then enter criteria about the element, at least 1 character. Based on your choice, this returns either models that contain the symbol or Composite models that contain the sub-model. Symbol Sub-Model Name
   Created By ID	Enter the ID of the user who created the model, at least 1 digit.
   Invalid Models	Returns those models with an existing issue. For example, the model is not fully allocated or a security's asset classification no longer aligns with the model.

   
   

   Sort results by selecting a column header. For example, select the Type column. This sorts models by Individual, Composite, and where entitled, Asset Class and Workplace Investing.

3. To view a model's details, in the Name column, select a link.

   Go to: Model Details

Copy Models

If entitled, create a new model by copying the elements of an existing model. Use this process to copy these model types:

- Brokerage (Individual, Composite)
- Workplace Investing
- Asset Class

After you choose the model to copy, its details populate the Create Model window where you can edit the model to meet your objectives.

To copy models

1. Search for Models.

2. Highlight a model in the list (do not select the Name link).

3. Select Copy.

   Go to: Copy an Existing Model

Edit 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.

To edit a model

1. Search for Models.

2. Highlight a model in the list (do not select the Name link).

3. Select Edit.

   Go to: Edit a Model

Delete Models

Delete models that are no longer needed or used by your firm, up to 100 at a time. Check with members of your firm before deleting a model to ensure the model is not used in a Composite model or in a rebalance. Deleting a model is permanent; deleted models cannot be retrieved.

To delete 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.

To delete models

1. Search for Models.

2. Highlight one or more models in the list.

   - Use Ctrl + Shift to select multiple entries.

3. Select Delete.

   A message prompts you to confirm your action.

   Note
   If the model is designated as an element of a Composite model, an additional warning displays regarding the impact of this action.

4. Select Delete Models.

Share Models

If entitled, share a model you created with other users at your firm.

1. Search for Models.

2. Highlight a model in the list (do not select the Name link).

3. Select Share.

   Go to: Share a Model

Convert to an Individual Model

Convert a Composite model to an Individual model. This action opens a copy of the Composite model on the Create Brokerage Model window without its sub-model elements, if applicable. On Create Brokerage Model, you can further customize the new Individual model.

Note
You cannot convert a Composite model with errors to an Individual model. Generally, you must edit the model first to resolve its errors. (Edit Models)

To convert to an Individual model

1. Search for Models.

2. Highlight a valid model in the list (do not select the Name link).

3. Select Copy & Convert to Individual Model.

   The model opens on the Create Brokerage Model window where you can customize the model. The Model Type indicates Individual. Since the steps for customizing a model are the same as creating a model, for more information, see Create a Brokerage Model.

   Go to: Create a Brokerage Model

Add to a Composite Model

Conveniently select Individual models to add to a new Composite model. This action opens the new Composite model on the Create Brokerage Model window with your model choices already assigned. On Create Brokerage Model, you can further customize the new Composite model.

Note
You cannot add an invalid Individual model to a Composite model. Generally, you must edit the model first to resolve its errors. (Edit Models)

To add to a Composite model

1. Search for Models.

2. Highlight one or more valid Individual models in the list.

3. Select Add to New Composite Model.

   The model opens on the Create Brokerage Model window where you can customize the model. The Model Type displays as Composite.

   Go to: Create a Brokerage Model

Export Models

Export one or more models from Model List, up to 100 at a time. (File Formats)

• Export Individual and Workplace Investing models only.
• Export file contains only a model's account assignments; group and client assignments are not exported.
• Export files are comma-separated value (CSV) files with CSV extensions.

Note
You cannot export Composite, Asset Class, or Fidelity models. To export a Fidelity model, save a copy of the model as an Individual model. (Save a Copy of a Fidelity Model)

To export models

1. Search for Models.

2. Highlight one or more models in the list.

   - Use Ctrl + Shift to select multiple entries.

3. Select Export.

   - Depending on your browser, you are prompted to open or save the file.

Customize the Window

Choose the data to display on the window by adding, removing, and arranging columns. Your column customizations remain persistent from session to session.

A column that displays "required" cannot be removed, but can be arranged.

1. Select the Customize (gear) icon.

2. To add a column, from the Available Columns list:

   - Select the column name.
   - Select Add.

3. To remove a column, from the Select Columns list:

   - Select the column name.
   - Select Remove.

4. To change the order of a column, from the Selected Columns list:

   - Select the column name.
   - Select Move Up or Move Down.

5. Select Save.

Field Definitions

Field	Definition
Access	If entitled, indicates the ability by other users at your firm to access the model: Public Access to the model is unlimited to other users at your firm. Private Access to the model is limited to you or another member of your firm.
Associated Accounts	The number of accounts assigned to the model.
Created By	The name of the user who created the model, in Last Name, First Name format.
Created by ID	The ID of the user who created the model.
Creation Date	The date and time the model was created, in DD-Mmm-YYYY HH:MM AM/PM ET format.
Description	The description of the model, as entered by the creator or editor of the model.
Edit Date	The last date and time the model was edited, in DD-Mmm-YYYY HH:MM AM/PM ET format.
Edited By	The name of the user who last edited the model, in Last Name, First Name format.
Error	Indicates that an issue exists with the model that has caused it to be invalid. If a model is valid, this column is blank. Generally, you must edit a model to resolve the issue. (Edit Models) Partial Allocation (Yellow exclamation mark) The model was saved, but was not fully allocated. The model cannot be used for rebalancing or running drift reports. A model's total target must equal 100%. Reclassification (Red exclamation mark) A security's asset classification was changed or reclassified. View further information about the impacted securities in the Asset Mix section on Model Details. (Model Details) Security Swap (Red exclamation mark) A security swap occurred and the new security does not align with the asset mix of the Asset Class model.
Name	The user-defined name of the model, as entered by the creator or editor of the model. Select a linked name in this column to view its model details.
Shared	If entitled, indicates whether the model is Shared or Unshared with other users at your firm.
Target	Indicates that the target of the model is Percent-based.
Type	The type of model: Individual Composite If entitled: Asset Class Workplace Investing

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Export File Formats

File Format Example: Brokerage Model

In this example, the exported model has 1 Model row, 1 Security row, and 1 Account row.

<Record Indicator>, <Name>, <Description>, <Basis Code>, <Tolerance Code>, <Creation Timestamp> <Created By ID>, <Last Updated Timestamp>, <Last Updater User ID>, <Access>
<Record Indicator>, <Security ID>, <Security Indicator>, <Target>, <Minimum Value>, <Maximum Value>, <Dollar Tolerance>
<Record Indicator>, <Account Number>, <Custodian Code>, <Account Source Code>

File Format Example: Workplace Investing Model

In this example, the exported model has 1 Model row, 1 Plan row, 1 Security row, and 1 Account row.

<Record Indicator>, <Name>, <Description>, <Basis Code>, <Tolerance Code>, <Creation Timestamp>, <Created By ID>, <Last Updated Timestamp>, <Last Updater User ID>, <Access>
<Record Indicator>, <Plan ID>, <Plan Name>
<Record Indicator>, <Security ID>, <Security Indicator>, <Target>, <Minimum Value>, <Maximum Value>, <Dollar Tolerance>
<Record Indicator>, <Account Number>, <Custodian Code>, <Account Source Code>

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