Captool
Professional Level 2 - Incremental Features
Multi-User Licensing
Captool Professional, Level 2 is licensed for up to 3 users at a single site to
accommodate the needs of financial advisors who work with one or two partners or
assistants. If licenses are needed for more than 3 users, or for multiple sites,
multiple copies of Captool may be licensed. (Note: Any person who sends reports
generated by Captool to clients and/or who operates the program is considered a
"user" under Captool licensing terms.)
Network Installation
Captool Professional, Level 2 supports network installation of Captool. Typically it
will be installed on workstations, up to the number of licensed users, and shared data
will reside on a server or on one of the workstations. To facilitate network
operation, Captool Pro Level 2 permits you to implement file access controls to protect
against changes made by one user from being interfered with by another user.
Electronic Report Dissemination
Captool Professional, Level 2 provides you with the capability to electronically issue
reports by e-mail and or fax. This is achieved via two companion programs,
"Mailserve" and "Faxserve", which Captool Pro 2 operates to send
reports and other client communications. Reports sent via Mailserve may be
encrypted to ensure secure transmission. (Note: Adobe Acrobat Writer is
required to use Mailserve reporting capability).
Multiple Broker/Dealer and DST and DAZL Import Support
Captool Professional, Level 2 permits you to assign an unlimited number of brokerage or
mutual fund accounts to a given Captool account. This enables you to import data
from those data sources into a single Captool portfolio. Level 2 also is required
for users of mutual fund data clearing services such as DST's Fan Mail and DAZL from PFPC
Global Fund Services. Certain other institutional interfaces may also require Level
2 on higher.
Fee by Class Support
Captool Professional, Level 2 supports calculation of fees by asset class.
Re-balancing by Asset Class and Allocation Model Reporting
Captool Professional, Level 2 supports automated re-balancing of portfolios by asset class
as well as by specific asset. This ensures that an asset is not sold, only to be
replaced by an asset of the same class during allocation driven trade generation.
Level 2 also supports inclusion of pie chart graphics of your model allocation in reports
for comparison with similar graphics of actual allocation.
Cross-reference Report Graphics
Captool Professional, Level 2 supports inclusion of graphics (allocation pie charts,
valuation and growth charts) on cross-reference position (where held) and performance
reports. Additional cross-reference reports including open lots, trades,
realized/unrealized gains are also provided.
Captool
Professional Level 3 - Incremental Features
Web Site Report Distribution Support
Captool Professional, Level 3 can generate PDF format reports and automatically distribute
them to separate client directories on a web server. You may also generate and
distribute to these directories a cover letter with appropriate name, address, account
number, etc. substitution. This permits your web server to host these reports,
which your clients can access through your web site.
Pooled Funds Accounting
Captool Professional, Level 3 supports pooled "fund accounting". This
feature permits accounting and reporting of the contributions of multiple participants
into a common portfolio, similar to a small mutual fund. This can be done separate
from or in conjunction with independently managed accounts. In the latter
case, fund transactions automatically flow into the independent portfolios. Fund
accounting reports include valuation, composition, ROI and graphics. Fund
accounting can be used for hedge funds, foundations, and multi-beneficiary trusts.
The basic fund accounting implementation allows up to 25 participants and up to $10M in
pooled funds. Higher numbers of participants and dollar values are supported but are
subject to a fund accounting licensing surcharge averaging 2 basis points/annum (actual
rate may vary depending upon breakpoints).
Re-balancing by Asset Group and Re-balancing on Margin
Captool Professional, Level 3 supports account re-balancing by asset group and
re-balancing of margined accounts. Asset group allocations operate in a fashion
similar to asset class allocations available in Pro Level 2, but permit the allocation
focus to be based upon industry group rather than asset size class. Allocation on
margin may be implemented by specifying a negative cash allocation up to -100%.
Incentive Fee Billing
Captool Professional, Level 3 supports profit based, incentive fee billing. The
incentive may be set relative to a profit benchmark, e.g. profit over "x%".
"High water mark" treatment may also be optionally implemented to
prevent incentive fees on market re-tracements.
Specialty B/D Import Interfaces
A number of broker/dealer interfaces which are less frequently demanded or increased
complexity to develop and support will be supported in Captool Professional, Level 3.
Please call if you need an interface not currently listed as supported by Captool.
Captool
Professional Level 4 - Incremental Features
Credit Interest Record Generation
Captool Professional, Level 4 provides a batch utility to compute credit and debit
interest on cash balances and generate "Interest on balance" transactions.
These can be directly inserted in the account portfolios or generated to the
transaction blotter for later transfer or export. Different interest rates may be
applied to debit and credit balances.
Cash/Margin Accounting
Captool Professional, Level 4, supports explicit cash/margin accounting of investments
within each portfolio. This means that each transaction can be designated as
occurring within either the "cash" or "margin" sub-account, and
holdings are reported accordingly. Cash to Margin and Margin to Cash transactions
(CMX) permit transfers of holdings between sub-accounts. (Note: Advisors who
are not custodians of their clients' assets generally will not need cash/margin
accounting).
Large Fund Accounting (up to 500 Participants)
Captool Professional Level 4, supports up to 500 participants in a fund accounting
portfolio. A fund accounting licensing surcharge averaging 2 basis points/annum
(actual rate may vary depending upon breakpoints), is charged for this feature.
Copyright © 2000, Captools Co.
Issaquah, WA 98027-0001
CAPTOOL is a registered trademark of Captools Co.
