WealthSpectrum provides flexibility to operate the PMS accounts in a pool or as individual client accounts or even in a mixed mode within the firm. The pool operation functionalities are consistent with the revised SEBI guideline for pool operation. Pool client account can be mapped to a client specific custody and bank account as per the revised SEBI guidelines. If client has invested in multiple PMS products, common custody and bank account for the client can be used across schemes. For mutual fund investments, folio can be defined at the pool level or at the account level.
WealthSpectrum supports blocked (pooled) orders and their allocation to respective PMS accounts. Orders can be blocked and placed to the broker through a common (pool) custodian / brokerage account. Trade confirmations can be allocated post trade based on the account level order quantity or through various allocation methods.
Pool allocation is also supported for other types of transactions such as mutual fund investments and redemptions, fixed income instruments such as bonds and fixed deposits, derivatives long and short positions, liquid fund subscription and redemption for cash management, margin for derivative trades, interest and dividend receipts and fees / expenses.
Custodial interfaces are available for communicating allocations to the custodian.