Investment Accounts - RightCapital Help Center

Investment accounts can be accounted for within a financial plan via the Net Worth section of the Profile, which is where all of a client's assets and liabilities are entered, along with their current balances. By default, the Net Worth is also the 4th step of the initial data entry process for newly created clients:

There are three ways to enter investments in the Net Worth tab. The first two methods involve Linking Accounts via Account Aggregation, or an advisor-level Integration. The third method is to Add Accounts manually. See below for an overview of each method.

Linking Investment Accounts

Account Aggregation

If you are a premium or platinum RightCapital subscriber, your clients can link their investment accounts directly to RightCapital via Account Aggregation. This will automatically pull in current balances and position-level account data. Linking accounts via account aggregation can be done by clicking the Link Account button in the upper right of the page:

Within the pop-up window that appears, clients can use the search bar to find a given financial institution (or click one of the available quick links). They will then be guided through the steps to link their accounts at that institution. This typically involves entering their username/password, and completing some form of multi-factor authentication.

After accounts have been linked, they will populate in the appropriate account category on the left side of page. You and your clients can utilize the Connections menu to view and manage all active account connections:

Account Aggregation Availability

Trial

Basic

Premium

Platinum

Want to upgrade to use account aggregation? Send us a note using the in-app chat feature (or shoot us an email at support@rightcapital.com) and we'll get you set up shortly!

Advisor-Level Integrations

Many advisor-level Integrations can be used to link a client's investments directly to their RightCapital financial plan. This will automatically pull in current balances and position-level account data. Linking accounts via advisor-level integrations can be done by clicking the Link Account button in the upper right of the page, and choosing an integration from the dropdown menu:

RightCapital offers the capability to set up integrations with asset custodians, account aggregators, and other platforms that you may already utilize as a part of your tech stack. A full list of our integration partners can be found within the '...' More Menu > Integrations tab of the Advisor Portal:

After accounts have been linked, they will populate in the appropriate account category on the left side of the page. Account balances and position data will refresh automatically on a regular basis, keeping everything up to date within the plan.

In addition to cutting down on the time spent entering and updating account information, integrations are also the most stable way to link accounts in RightCapital. If and when it's possible, we recommend utilizing advisor-level integrations to link client accounts!

Adding Investments Manually

To manually add an investment account to a client's Net Worth section, click Add Account > Investment:

Investments in RightCapital encompass a wide swathe of account types, such as taxable accounts, 401(k)s, IRAs, and more. A full list of options can be found within the Account type dropdown menu. Different account types will require different information, but you’ll always be asked for the Account name and Owner.

There are two different Entry Method options for manually added investment accounts: Enter total balance, and Enter holdings / asset class. The data entry process will vary depending on the option you select here:

Enter Total Balance

This option is quick and easy, allowing you to simply enter the Total balance of the account. You may also be asked for a Cost basis, depending on the account type.

The final step is to determine the Asset allocation for the account. You can either allocate the accounts manually using the Customized option, or you can use a Model Portfolio. More details can be found in the Asset Allocation section of this article.

Don't forget to allocate your investments!

By default, manually added investment accounts will have an allocation of 100% Other. This can skew a client's overall Current Allocation. Be mindful not to forget about allocating manually added investment accounts!

Enter Holdings / Asset Class

This option offers more granularity, allowing you to add specific holdings and asset classes to an account.

To add a holding, click the Add Holding button in the lower right. Once the holding has been added, specify the Ticker symbol and Quantity (you may also be asked for a Cost basis, depending on the account type). Click Save to finish adding the holding.

RightCapital partners with Morningstar for accurate, up-to-date holding data. After entering the ticker symbol, the Price and Allocation for that holding will automatically feed into RightCapital from Morningstar. The Value of the holding will be calculated and will contribute to the Total balance of the account.

In addition to specific holdings, you can also add general asset classes to the account by clicking the Add Asset Class button. Choose an asset class from the dropdown menu here, and then specify the Value. This option is helpful in cases where you may not have the full account details, or if certain holdings in an account are not in Morningstar's database.

When using this entry method, it is not necessary to manually allocate the account as the allocation for each holding will automatically pull in from Morningstar. However, you can always choose to override the Morningstar allocation if you'd like by customizing the allocation, or choosing a model portfolio. More on this below.

Upload Holdings

Streamline data entry for manually added investment accounts by uploading your holdings using a CSV file. Drag and drop a CSV file, browse your local drive, or paste the data directly into the Upload Holding section. To get started:

Navigate to Profile > Net Worth > Investment Account.

Select the Entry method: Enter holdings / asset class

Select the downward arrow next to Add Holdings, then choose Upload Holdings from the dropdown menu.

Upload a .CSV file or paste data into the Upload Holdings page. If needed, you can map your data columns to the required format.

Confirm Security, Quantity, Price, Value, and Cost Basis fields before finalizing.

Field Name	Requirements
Security	The Security field is mandatory for all holdings. It can be an alphanumeric string up to 20 characters in length. If the name or symbol entered matches a listing in our Morningstar database, it will be treated as a recognized security. It will be treated as an unrecognized security if it does not match our database.
Quantity	Must be a numeric value greater than 0. If the security is recognized, the Quantity field is required. The row will not be imported if this field is left blank or contains a non-numeric value.
Price	Must be a numeric value greater than 0. If the security is recognized, the price you enter will not be imported. Instead, the current price from the Morningstar database will be used and displayed.
Value	This field is optional and does not require valid values. If the security is recognized, this value will not be imported. Instead, the system will calculate the value by multiplying the quantity by the current price from the Morningstar database. If you do not want to include the Value information in your upload, select “N/A” from the mapping menu to complete the upload.
Cost Basis	Must be a numeric value greater than or equal to 0. This field is optional and does not require valid values. Select “N/A” from the mapping menu to complete the upload.

Data Format Requirements

To ensure accurate processing, please note the following validation rules:

If the Security name contains any symbols or spaces, it will be invalid.
The Value, Price, and Cost Basis fields must be numeric and cannot include symbols such as dollar signs ($), commas (,), or other special characters.

Asset Allocation

Regardless of whether investments have been linked or added manually, you are always in full control of the asset allocation. The allocation for each account will have a direct impact on the rate of return and standard deviation of the client's overall Current Allocation, making this a crucial step of the data entry process.

When adding an investment account, click the button under Asset allocation to open a new drawer on the right of your screen. Here, there are three ways to allocate investments in RightCapital:

Based on holdings / asset class: The Asset allocation will be determined automatically, based on the specific holdings and asset classes in the account. This is the default option for linked accounts, as well as for manual accounts with the Enter Holdings / Asset Class entry method selected:

This option is not available for manual accounts with the Enter Total Balance entry method selected.

Based on model portfolio: This quick and easy option allows you to choose from a list of available model portfolios. The asset allocation for the account will be set to the asset allocation of the selected portfolio.

RightCapital includes seven default model portfolios. Custom model portfolios can be added in the Models > Portfolios tab of the advisor portal, or even imported via certain integrations like Nitrogen.

To read more about Model Portfolios in RightCapital, click here.

Customized: This option allows you to specify the asset allocation by entering custom percentages for each asset class. When using this option, the total must equal 100% in order to save the allocation:

View allocation details in the Investment module!

After entering and allocating all of a client's accounts in the Net Worth section, the Investment > Asset Allocation module is the best place to view allocation details: