Get More from Your Account Statement
Determining whether your investments are helping you work toward your financial goals requires that you stay informed regarding your account’s activity and performance. And that’s why it’s important to know how to read your account statement so you have information you need to help you work with your Wealth Advisor.
This guide will help you understand the wealth of information your statement contains. If you still have questions after reading this guide, please contact your Wealth Advisor.
You Decide How Much Detail You Need to Review
Like your statement, this guide is divided into two sections: the Snapshot and Detail pages. As the names suggest, the Snapshot pages provide an overview, and the Detail pages let you delve further into your account’s activity and positions.
Get a ‘Snapshot’ of Your Financial Picture
We’re all busy these days, and you probably don’t have a lot of time to spend with your statement. To quickly get the information you need, refer to your statement’s Snapshot pages for a summary of the activity in your account during the previous month. If you have linked accounts, you’ll also receive a Combined Snapshot for those accounts, which will help provide a better view of your overall financial situation.
Use Detail Pages to Dig Deeper Into Your Account’s Activity
You may be the type of investor for whom the Snapshot provides all the information you require. On the other hand, you may be the one who wants to know more about your account’s activity and positions, or perhaps you’ve noticed something in the Snapshot that you need to know more about. When this is the case, simply turn to your statement’s Detail pages.
Simplify Your Financial Life with Linked Accounts
If you have more than one account with us, you can limit the number of envelopes you receive by linking your accounts. As a result, the statements for all the accounts you have linked will arrive in a single envelope, and you’ll receive a Combined Snapshot to help you get a more holistic view of how your accounts are performing. In addition, when you link accounts in a mailing package, each account will receive the enhanced Advantage Account – our premiere service level account – format statement as long as there’s at least one Ad- vantage Account in the linked package. To link any or all of your fam- ily’s accounts, contact your Wealth Advisor.
- Your Progress summary provides values for the 1 cash flowing into and out of the account along with the Change in value for the period. The Value over time graph illustrates your progress during the current year.
- Your Portfolio summary categorizes your invest- ments by asset type for the last two periods. It shows both dollar values and portfolio percentages, with the current month’s allocation percentage being displayed in the pie chart.* You can “nickname” your accounts and have them show here. If you’re enrolled for Access Online, you can assign nicknames online or contact your Financial Consultant about assigning nicknames.
- Your Cash flow summary displays all of your cash additions and subtractions, which lets you easily see your current-period and year-to-date cash flow.
- Your Income summary provides an overview of the various types of income your account has earned during the current period and for the full year. This income is broken down into taxable and federally tax-exempt categories based on the type of securi- ties you hold. (This breakout does not occur for IRA accounts.)
- Your Gain/loss summary displays total realized and unrealized gains and losses. This section is included only if your account provides cost basis information on your statement.
- Your Account profile presents important account information, including your Investment objective/ Risk tolerance. Contact your Wealth Advisor if any information in this section needs updating. In addition, if you have a fee-based account, information about the program appears here.
- If your account offers a choice of electronic or paper statements, your Document delivery status shows which one you’ve elected to receive.
- Market indices for the current month end and pre- vious year end are available on your statement if this feature has been set to display. Contact your Wealth Advisor for more information.
- If this feature has been set to display, the Bond maturity schedule graph and table summarize the maturity dates and maturing amounts for your account’s fixed-income securities. Contact your Wealth Advisor for more information.
- The Additional information section appears only if one or more of the categories applies to your account. This information can be useful when working with your tax advisor.
- The Portfolio detail section lists cash and sweep balances, stocks and options, fixed-income securi- ties, mutual funds, annuities and insurance, pre- ferred securities, unit investment trusts, and other assets based on your account’s holdings. All asset classes are itemized with a total value, by category, for the current month.
- The % of Account column lets you see the percent of each individual position in comparison to your entire account value.
- The Adj Price/Orig Price, Adj Cost/Orig Cost, and Unrealized Gain/Loss columns help you identify potential tax-related opportunities. For securities that include cost basis adjustments, we provide the original unit price and original total cost. We also provide the adjusted unit price and adjusted total cost, which is compared to the Current Market Value to calculate your Unrealized Gain/Loss. Please note that these columns are included only if your account provides cost basis information on your statement.
- The Estimated Annual Income and Estimated Annual Yield are provided to give you an idea of how much income the account may receive.
- The ticker symbol appears under the description for applicable securities, and Held in Margin indi- cates that position is held in your margin account.
- On Reinvestment indicates that you’ve elected to use dividends and capital gains (mutual funds only) to purchase additional shares.
- S and L indicators are displayed for each tax lot.* Securities held fewer than 12 months are short-term (S); securities held longer than one year are long- term (L). These indicators show only if your account provides cost basis information on your statement.
- For Annuities/Insurance, including variable and fixed annuities, values are listed, showing data received directly from the insurance companies.
- The Activity detail shows the cash and securities flowing into and out of your account since your last statement. For Advantage accounts, cash informa- tion can be listed by date, type, or a combination of the two. The default is by type. Please contact your Wealth Advisor to change your display.
- Each type of activity is totaled.
- The Amount displays the total transaction value.
* Please note: This information is provided for informational purposes only. Contact your tax advisor to determine the tax implications before you sell an investment.
- Your ATM and CheckCard activity lists transac- tions by activity date.
- Your Withdrawals by check are listed sequentially and include the date paid, check number, and payee.
- Account Type indicates whether the transaction took place in the cash or margin portion of the account.
- The Non cash activity detail shows all transfers of positions into and out of the account and provides the position’s value on the transfer day. The positions’ valuations help provide an accurate picture of your account’s progress.
- The Cash sweep activity section shows the daily sweep that occurs between your account and the cash sweep option, including reinvested dividends and interest.
- Any unfilled Open orders at month end are displayed to help you keep track of orders we’ve received but which have not been executed.
- If your account provides a display of cost basis information on your statement, the Realized gain/loss section appears. The Realized Gain/Loss Summary provides the current-period and year-to-date net gain or loss on securities closing transactions in your account. Your monthly statement will include details of clos- ing transactions only for the statement period. Your year-end package will contain a recap of detail information for the entire year.
- The Adj Price/Orig Price and Adj Cost/Orig Cost (original and adjusted, if applicable) are included. For accounts that show cost basis adjustments, the following items are displayed: the original unit price, original total cost, adjusted unit price and adjusted total cost (which is compared to the Proceeds to calculate your realized Gain/Loss).
- Along with a short- and long-term realized gain/ loss detail, a separate section displays Index options if any were closed during the period.
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- NOT FDIC Insured
- NO Bank Guarantee
- MAY Lose Value
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