You can change the account type for a linked account and the program will remember the change. See the screenshot below to view where to change [...]
Article search results for : "Link accounts"
126 ArticlesThe Annual Return assumption changed overnight for one of my linked accounts. Why did this happen?
WealthTrace will assign the annual return based on an investment account's holdings, asset classes, and the default annual return assumptions for each asset class. For more information on asset class annual return assumptions, go . For linked accounts, the holdings can change based on market movements and/or trades. When the holdings in an account change, the annual return can also change based on [...]
The asset class for a holding I have is wrong. I linked the account. How do I edit or change the asset class or classification for a holding?
You can change the asset class mix by holding for a linked account if it has been mapped incorrectly. The program will remember this asset classification going forward. You can see this is in the screenshot [...]
I find that I have to re-enter my login credentials frequently for one of the brokers I linked. Why is that?
WealthTrace does not determine how often you must re-enter your login credentials for linked accounts. The broker or bank determines this. However, many have the ability to change how often they ask for this. You would need to contact your broker or bank and ask if there is a way to change the [...]
If an investment account contains both equities and municipal bonds, should the entire account be set to Tax-Free Interest?
No. If the entire account is set to Tax-Free Interest, WealthTrace will not currently treat capital gains and dividends from the taxable investments in that account as taxable.How you should enter the account depends on whether it is linked or manually added.Linked AccountsIf the account is linked, set the Account Type to Taxable rather than Tax-Free Interest.Then use the setting:Is a portion of [...]
Why is a holding in my linked account showing the wrong asset class?
For linked accounts, WealthTrace receives holding information from the financial institution. In some cases, a broker may send a holding with an incorrect asset class.You can update the asset class manually by opening the account and selecting Account Holdings. Select the holding with the incorrect asset class and update it to the appropriate classification.WealthTrace will remember your updated [...]
I have a lot of income securities. Many of these should be taxed as ordinary income (REITs), some are return on capital (MLPs), and others are regular qualified income. How best to model this?
You would want to create custom asset classes for these. Let's look at modeling a REIT as an example. Say that you project 80% of the future returns will be from the dividend, which is taxable at ordinary income tax rates. First, select your username at the top right and go to 'Account'. Then go to the 'Asset Class Assumptions' section. Look at the screenshot below. In this example I assigned an [...]
Can I view historical transactions such as interest payments, dividends, deposits, and withdrawals for linked accounts?
You can view historical transaction information for accounts that are linked and filter by the transaction [...]
Can I view the historical performance for linked accounts and the funds I own?
If an account is linked you can view the performance of the account itself over various time periods. You can also view the historical performance of funds in accounts and even compare performance between two different [...]
How does account linking work in WealthTrace?
When you link an account in WealthTrace using Yodlee or Plaid, you are giving WealthTrace a secure, read-only connection to your financial institution, like your bank, brokerage, or retirement account.Here’s how it works:Link your account – On the WealthTrace dashboard, click the plus sign next to Investment Accounts and select the option to link an account.Select a connection provider – You will [...]