What is included in the number you are looking at?
An easy way to think of this sub-report is as a history of performance returns. It includes all of the same time intervals for performance numbers included in the Consolidated Summary report. Unlike the Consolidated Summary, however, it does not include any benchmark information. The first row of this report displays returns as of the report date. Each row thereafter includes returns as of prior months end. In the online version of this report you can toggle the table view between the Report Period and Since Inception:
Why have we chosen to include and/or calculate the number the way we do?
Many of the same reasons for including numbers in the Consolidated Summary pertain to this report as well. For the added numbers (past historical returns), these numbers are included to provide a much deeper view into the history of returns for a selected account or household over its lifetime.
The returns you see here use identical calculation methodologies described elsewhere, as do all performance returns in Atlas.
How can this report be used in a client review to help boost your clients' confidence, increase transparency, and answer questions?
This report is particularly useful for clients who appreciate digging into more details around their accounts history. Consider the following tips and best practices to leverage this report in your client reviews:
Demonstrating a track record of returns, either in accordance with achieving financial goals or if your firm targets particular returns for your clients
Contextualizing your clients performance in either a bull or bear market to help them stay grounded in long term thinking
If your clients have questions about past returns, this report can be an excellent way to help answer them in the context of a broader review of account(s) and the current returns