This article will provide you guidance on how to successfully transition portfolios to Class using the Transitions Team from another Class business.
We will run through the steps;
Generate Data Files
Navigate to Fund Level > Reports > Run Report
- Search 'Fund Transfer Data'
- Click on the report 'Fund Transfer Data'
- Select the Closing Balance for Period using the drop-down
- Select Run
A zipped files will be downloaded and saved in your Downloads Folder. Ensure that the five files remain in this zipped folder.
The Closing Balance for Period selected, should be the financial-year close you are bringing across to your Class business. The 30 June period update has been completed and finalised for the last financial year.
Generate Fund Specific Reports
Create a new Report Pack in the transferring Class business and call it 'Transition Report Package'. Add the below reports to the newly created report pack:
|Specific Reports Required|
|- Trial Balance|
|- Unrealised Capital Gains Report|
Once all reports have been added for each fund folder, place the fund folders into a batch folder. Zip your batch folder ready for uploading.
To run the report package:
Navigate to Fund Level > Reports > Run Report Package
- Select the pack 'Transition Report Package'
- Change the Report Date Range fields to the year-end close being transitioned as at date
- Select Run
Submit Files to TMS
For step by step instructions on how to submit your files please see the Transitions Management System article.
Timelines & More
It will take between 1 to 2 weeks for your funds to be loaded by Class. Please be aware that any missing details or reports may result in a delay in transitioning your funds. Once a fund has been loaded, we will advise you that this has occurred along with any assumptions we may have made during this process.
The Class Transitions team can perform additional services for you, including entering historical transactions, portfolio reconstructions, entering depreciation schedules, and data feed identification. For more information please see Additional Transitions Services