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Investments, Level of Detail

In Durell investment “policies” may be entered with differing levels of detail. You can choose to enter one client’s policies with details of all the funds and a transaction trail of all income taken, while for another you might just enter the basic policy information. The point is to avoid unnecessary work. A client with a regular savings plan of £20 per month may not require detailed valuations, while a client with a £20,000,000 portfolio will probably expect regular valuations with a high level of detail. The detail levels are…

Low Detail – Just Using Summary Values

This level of detail (illustrated below) is suited to clients with one or two regular savings plans, who do not expect to receive detailed valuations.

Medium Detail – Using Fund Totals Without Events & Transactions

This level of detail (see below) is suited to the bulk of clients with investment portfolios, who expect to receive regular valuations. It takes less time to maintain than the “High” level. Its only shortcomings are for detailed analysis and the calculation of capital growth.

High Detail – Using Funds, Events & Transactions

This level of detail (see below) is suited to “high net worth” clients with substantial investment portfolios, who expect to receive detailed valuations. It is also essential for the calculation of capital growth (i.e. because you have to know at which dates what was bought or sold).

See also “Investments, Deleting Funds and Events