How to Track AUM and Family Portfolios in One Dashboard

As a Mutual Fund Distributor (MFD), you must juggle multiple clients' portfolio details, values, and Assets Under Management (AUM). You can get bogged down trying to consolidate different family members' portfolios and understand their investment needs. Working in Excel or flipping through multiple tabs to find details on a particular client's portfolio is a pain.

With a dashboard, you can view individual clients' portfolios and the consolidated family AUM in one place. It makes it easy to track your clients' portfolios and prepare for review meetings. You can stay on top of your clients' investments and meet their needs. Using portfolio management software like JezzMoney to track your family AUM makes managing your clients' portfolios easier. It will help you manage client information and other portfolio management tasks more efficiently, freeing up time to focus on growing your mutual fund business.

A family portfolio dashboard is a centralized view that helps Mutual Fund Distributors (MFDs) manage and review multiple family members' investment portfolios in one place. Instead of checking each investor's account separately, MFDs can access individual portfolio details alongside consolidated family Assets Under Management (AUM), subject to the software's available features and data.

Connecting Individual Investor Profiles Within a Family

A family portfolio dashboard allows MFDs to group related investor profiles under a family record. For example, a husband, wife, and children's investment portfolios can be organized within a single family group while keeping each investor's records separate. This makes it easier to review investments at both the individual and family levels.

Individual Portfolio Tracking versus Consolidated Family Portfolio Tracking Essay

Individual portfolio tracking refers to managing a particular individual’s investment profile, whereas consolidated family portfolio tracking involves reviewing a group of family members’ investment holdings and overall family net worth.

The Advantages of Portfolio Visibility for MFDs

A consolidated dashboard allows MFDs to analyze clients' investment positions by providing an overview of the entire family profile without accessing each member’s data one by one. This feature would improve the MFD’s ability to review each particular client’s portfolio and gain insight into their family’s investment matters. Such a dashboard would also improve organization for families’ investment matters. To provide a convenient and effective tool for consolidated family portfolio tracking, MFDs may use the Family AUM function in JezzMoney.

MFDs can track AUM and family portfolios more easily with a structured process and portfolio management software. With a centralized dashboard, they can organize investor records, group family members, and view both individual and consolidated investment information without relying on multiple spreadsheets.

Step 1: Organize Your Client Database

Begin by having a properly organized investor database. This should contain relevant information and investment records of your clients. Having an updated list will make it easier to sort investors and manage their portfolios, especially as your client base grows.

Step 2: Identify and Group Family Members

Identify investors who are in the same family and ensure that each of their profile records are connected accordingly. Maintain individual profiles of investors by organizing their files accordingly in the platform using its family grouping feature. This will create the framework for your family AUM by having each investor's individual or consolidated portfolio on record.

Step 3: Review Individual Client Portfolios

Access individual client portfolios to view what mutual fund holdings, valuations, and investment records exist for each investor.

Step 4: Access the Consolidated Family AUM

Access the family AUM to understand the consolidated investment position of your clients who are family members. As opposed to having to calculate the total value of the portfolios of each family member, you can use the family AUM to find a snapshot view of their combined holdings.

Step 5: Analyze Portfolio Information

Review investment summaries, valuation reports, and other relevant information to understand how an investor's family or individual holdings are structured. Compare these using the individual and family AUMs where applicable, and distinguish between an investor's portfolio value, the amount they have invested, and the returns they are recording.

Step 6: Use the Dashboard for Regular Client Reviews

Use the information obtained to conduct regular client reviews, portfolio discussions, and meetings. These can be used as a basis for your client servicing efforts, wherein you can ensure a well-organized approach to your client communication, identify changes in portfolio values, and more.

Using the capabilities of JezzMoney, MFDs can harness the power of the Family AUM features to make it easier to track and view the investments of their family clients, and manage individual client portfolios in a more organized manner. Through this centralized approach, they can reduce the need to manually view and sort investor records, and focus on improving their operations and relationship with their clients.

MFDs can track AUM and family portfolios using spreadsheets and manual records or a dedicated portfolio management software platform. Manual tracking may work for a small client base, but managing multiple investor accounts and consolidating family investments becomes more complex as the business grows. Software-based portfolio management offers a more organized way to access and review client information.

The following table highlights the key differences between the two approaches.

Which Approach Is Better for MFDs?

Manual tracking can be sufficient for distributors managing a limited number of investor records. However, as the client base expands, consolidating AUM, organizing family portfolios, and preparing reports manually can require considerable effort.

Software-based portfolio management offers a more centralized way to access client information and review investments. When choosing a solution, MFDs should consider factors such as family AUM functionality, individual portfolio access, reporting capabilities, data update frequency, and security.

JezzMoney’s Family AUM functionality helps MFDs give clients a more accessible, convenient way to interact with their investment information. By introducing family-level AUM, the software lets MFDs aggregate family investment data and make it easier to organize and review portfolios.

JezzMoney is a mutual fund distributor software platform designed to help Mutual Fund Distributors (MFDs) manage client information and streamline their day-to-day operations. As an MFD's client base grows, having organized access to individual investor portfolios and consolidated family AUM becomes increasingly important. JezzMoney's Family AUM functionality helps distributors simplify access to family-level investment information.

Consolidated Family AUM at a Glance

JezzMoney's Family AUM functionality gives MFDs greater insight into consolidated family portfolio information through a more centralized workflow. Instead of relying on separate spreadsheets to understand family-level investments, distributors can use the family-level view to get consolidated AUM insights and access related investor information.

Organized Client Records and Portfolio Visibility

Organized investor records help MFDs navigate individual client portfolios more efficiently. By pairing family-level information with individual investor records, Family AUM functionality provides clearer insight into a client's investments and a simpler way to prepare for portfolio reviews.

Connecting Family AUM With Portfolio Management

Family portfolio tracking is but one piece of an MFD's greater portfolio management workflow. By combining family-level AUM analysis with individual investor information, MFDs can organize client servicing, prepare for conversations, and manage portfolio-related activities.

Explore JezzMoney's Family AUM Functionality

To simplify family portfolio tracking, explore how JezzMoney can support your mutual fund distribution business. A product demonstration or dashboard screenshot can help you understand how family records, consolidated AUM, and individual portfolio information are presented within the platform. Visit JezzMoney to learn more about its mutual fund distributor software and explore the features available for your business.

Tracking AUM and managing family portfolios becomes more challenging as an MFD's client base grows. A centralized dashboard helps simplify this process by bringing individual investor portfolios and consolidated family AUM into one place. It reduces manual effort, improves portfolio visibility, and supports more organized client servicing.

JezzMoney offers Family AUM functionality that helps MFDs access family-level investment information through a more organized portfolio-management workflow. To simplify AUM tracking and improve family portfolio visibility, explore JezzMoney to see how its mutual fund distributor software can support your business. Ready to streamline your portfolio management? Explore JezzMoney and book a demo to learn more.