Migrate a Segregated Fund
Simple Fund 360 fully supports Segregated funds. A fund's existing segregation structure in Simple Fund Desktop will not be migrated up to Simple Fund 360. Once the fund is migrated you will be able to create a new Segregation Policy in Simple Fund 360. To assist with preparing the Segregation Policy a Segregation Report can be obtained from Simple Fund Desktop. Follow the steps below to migrate a segregated fund.
- Prepare the Simple Fund Desktop Segregation Report;
- Migrate the fund;
- Create a Segregation Policy in Simple Fund 360.
To be able to migrate segregated funds, you need to be on Simple Fund Desktop Version 2017.1 or greater.
Simple Fund Desktop update can be downloaded from the Client Centre under Your Support | Software Downloads.
Prepare the Simple Fund Desktop Segregation Report
Before migrating a fund, prepare the Segregation Report to assist you in creating the Segregation Policy in Simple Fund 360.
To prepare the report for a fund From the Ribbon Toolbar:
Select the Reports and Documents tab, in the Fund Reporting group, select Financial Reports
Select the Member Reports tab.
Locate the Segregated Report at the bottom of the page (ensure a 1 is input in the number field).
You can 
Preview the report before print or export.
Select 
Print or 
Export to PDF to print/export the report. Input a 1 into the field next to the report and a 0 next to the other member reports before printing or exporting.
Report Details
The Report is broken down into the following sections:
-
Pool Summary
This section will provide you details about the pool and the percentages allocated to each member.
-
Pool Assets
This section will list all the assets allocated to the pool.
Note:- Only assets/investments with units or that have a balance will display in the report.
- Bank accounts that are active or have a balance will show in the report.
- If you have allocated an investment/asset to a ceased member account, the member account will display as "Ceased" in the report.
- If a security is not attached to the investment account, the 'Code' column will be blank.
-
Duplicate Security Codes
If there are two or more investments with the same security code that have been allocated to multiple pools, these securities and investment accounts will display under this section.
When selecting 'Ignore' upon validating your funds for migration, the investment accounts having the same security attached will be merged upon migration so that only one account will be attached to that security in Simple Fund 360.
Users are also able to keep these accounts seperate. For more information on how to do so, click here.
What if a fund is using the Direct allocation method in Simple Fund Desktop?
Refer to the section below Important: Direct Allocation Funds for details on how pools are determined.
Important: Direct Allocation Funds
Simple Fund 360 will only support the Pool Asset Allocation method. If you were using the Direct Allocation method in Simple Fund, pools will be created in the Segregation Report based on each set of allocation percentages set up in the Chart of Accounts. These pools can then be added to the Simple Fund 360 Segregation Policy.
These pools will not be automatically added to Simple Fund 360.
Select the Expand icon below for an example on how the report prepares asset pools from direct allocation percentages.
Create a Segregation Policy
Once the fund has been migrated the Segregation Policy can be added with reference to the Segregation Report produced in Simple Fund Desktop. Refer to Create Segregation Policy for a fund in Simple Fund 360.