PROFIT & LOSS ANALYSIS
ACCOUNT EVALUATION (PAE)
At SFS we understand the unique requirements of our
clients, and have created and implemented technical innovations and solutions
- accelerate the process of data entry, conversion,
and analysis production;
- are uniquely designed for arbitration presentation
and ease of review and strategy;
- provide high impact presentation charts and data
- allow immediate delivery of documents in PDF format;
- encourage direct
downloading of client data to the SFS analysis system.
Secure Financial Services is the leader in providing
accurate and timely Profit & Loss reports for securities and commodities
accounts to the financial and legal communities. SFS produces a wide-range
of specialized analytics to supplement the initial P&L, and is able
to customize reports for our clients nationwide. A quick look into account
performance is available with the Preliminary Account Evaluation.
With a full-time staff of skilled analysts, we work
with clients on their projects from start to finish and are able to meet
the demanding deadlines and schedules required. Throughout the process,
clients are given the highest level of care and priority.
To find out more or to order a securities account analysis,
please contact us.
Phone: toll free 888-729-1700 (Monday – Friday
9:00 am – 5:00 pm EST)
A sample profit and loss analysis and the entire range of additional
account analysis reports also available from SFS will be sent to you free
of charge upon request. The package will be sent by express mail, so please
include a shipping address and contact telephone number in your request.
& LOSS ANALYSIS
To view one of the Sample Reports listed
below, you will need ADOBE
A Profit and Loss Analysis (P&L) is a comprehensive
review of an investment portfolio’s activity during a specified
time frame. The SFS P&L is derived from an account’s monthly
statements and transactions and includes several individually powerful
reports. Each P&L prepared by SFS is available in two formats:
A digital copy of an account's
P&L is sent by electronic mail as a Portable Document Format (PDF).
To view and print your PDF files, you must have Adobe
Reader® installed on your computer. If your email server is
not able to receive large documents, please let us know so we can adjust
the size of the document(s) we send you, or we can just send you the
paper hard copy only.
A hard copy of an account's
P&L is produced by request only, and is neatly organized in a black
three-ring binder with the fifteen reports separated by tabbed dividers.
Case and account names and numbers are listed on the binder's cover,
spine, and inside title page. The binder format allows the user to easily
add in new pages as an account is updated with new data, and add additional
information sheets as needed. Binders are shipped by express mail, and
additional copies are available for an additional charge.
The standard SFS Profit & Loss Analysis includes the following
Profit / (Loss) of the account for each year that it was open.
Reconciliation of cash activity and investment-generated activity.
Transactions Return on Investment (ROI)
Investment activity by issue, showing trade gain/loss, income, and net
return on investment.
Transactions Return on Investment (ROI) - Summary
Trade gain/loss summarized by issue type (Equity, Bond, Mutual Fund, etc.)
Transactions Return on Investment (ROI) - Detail Summary
Trade gain/loss summarized by investment, grouped by issue type.
All cash transactions grouped by type (Deposit, Withdrawal, Interest,
Chronological listing of all cash transactions.
Chronological listing of all trade transactions.
Schedule showing all income grouped by investment.
Profit / (Loss)
Schedule showing monthly cash flow and monthly and cumulative profit/loss.
Schedule showing monthly market, cash and equity values, with yearly turnover
by market and equity values and average annualized turnover.
Ratios of commissions and total costs to equity and market values.
Profit / (Loss)
Cumulative P&L as calculated in the Monthly P&L report graphed
over the life of the account.
Account equity graphed over the life of the account.
A Profit and Loss Analysis can be customized with:
- Truncated Time Frames - To create a subset of the
- Custom Valuations - To utilize client-supplied data
or other available resources.
- Selected Data Elements - To remove or add particular
information from/to a report.
- Custom Formats - To create custom presentation formats,
i.e. logo, text, dates.
To view one of the
Sample Reports listed below, you will need ADOBE
In order to better understand the story behind the P&L
numbers, Secure Financial Services, Inc. offers additional reports that
can be of assistance in seeing the affects of the market at work, and
can be used as an aid to mitigate any damage number.
The Alternative Investment Strategy measures the difference between actual
account performance and various alternative allocations over time. This
analysis illustrates how the investment would have performed if funds
were invested in various strategies consisting of any mix of Stocks, Mutual
Funds, Bonds, Indexes, etc. The construction of this alternative portfolio
is typically used in areas relating to portfolio management and suitability.
Issue Analysis is a color-coded, combined report. It is especially useful
when there are a limited number of investments at issue within a large account,
or when they are held across multiple accounts.
- Combined Trade Chronology
- Combined Trade ROI Detail
- Combined Trade Transactions
Accounts that are with the same firm, and between which 100% of the assets
are transferred, are automatically combined
for the standard P&L. However, any number of accounts may be combined
to produce a single P&L.
The Concentration Analysis is designed to graphically present the month-to-month
allocation of investments in a portfolio, to different levels of detail.
Portfolio allocation may be illustrated by (in increasing level of detail):
- Industry Sector
(technology, consumer, industrial, financial, etc.)
- Industry Group
(semiconductor, computer hardware, telecom, etc.)
- Industry Subgroup
(Electronic Compo-Semicon, Computers-Integrated Sys, etc.)
All concentration analysis graphs include an overlaid
line graph of the cumulative P&L for the account that is calculated
in the standard P&L. This is a useful aid to the user in correlating
changes in portfolio concentration to overall account performance and
would be appropriate for claims involving suitability and issues of investment
concentration. The concentration analysis graphs may also be overlaid
with your choice of investment indices, such as the S&P 500, NASDAQ,
or Russell 2000.
Initiated Position Analysis
Quantifies account-trading activity and assigns account performance responsibility.
The compelling feature of the report distinguishes the total trading gain/loss
for firm, client, or broker-initiated positions from the total trading
gain/loss for those positions transferred into the firm.
Graphic comparisons of securities accounts with known market indices can
provide powerful support for your individual case strategy. Quickly and
easily compare the composition of your account directly to the composition
of a major market index (in our example, the S&P 500 is used), over
a specific period of time, by sector or individual stock.
An effective schedule showing trade matches on a first-in/first-out
basis, with net trading result and days held.
Option strategy analyses combine options and common stock, rolled back
to trade dates, making it easy to decipher buy-writes, spreads, straddles,
and various other option strategies.
The Performance Analysis provides cumulative monthly P&L results (or
daily P&L results, provided a Daily P&L has been completed), charted
against the daily closing of one or more index values (such as the S&P
500, NASDAQ, Russell 2000, etc). This can help confirm or refute core
liability issues in a case. This high-impact graphic analysis provides
a clear and compelling visual interpretation of portfolio performance
versus commonly accepted industry indices.
This high-impact data chart quickly communicates essential elements of
case liability and damage issues, providing a clear and compelling illustration
of portfolio performance versus multiple commonly accepted industry indices
that are color-coded and on one chart.
This analysis isolates all trading activity (bought/sold) in an account
and the resulting
profit/loss. Unrealized activity includes any issue where a transaction
was marked to the market.
Available for accounts holding either options or equity issues, the Risk
Analysis report details the difference between the strike price of the
investment and cash required to cover various investment strategies. This
report can easily be prepared in a graphic format, clearly presenting
the relative risk of selected investment strategies.
Segmenting trading activity by trade type (solicited / unsolicited) can
offer a unique perspective on investment strategy and liability issues.
This suite of reports allows the user to create additional "hypothetical
analyses," comparing a hypothetical investment strategy to actual
portfolio performance. Examples of what-if scenarios include:
- What-if held issues - Track performance of liquidated securities had
they instead been held during the total investment time period.
- What-if price issues - Track inferred performance of a portfolio based
on pricing equities at various levels.
- What-if timing issues - Track hypothetical account performance based
on trading activity undertaken at various time periods (with time sensitive
What-if scenario data can be exported to a variety of
charting/graphic programs to create highly effective presentation materials.
Custom Research using Bloomberg and Morningstar Data
Custom research and data entry capabilities beyond those
of the typical securities case are available through SFS. With a variety
of resources within and outside of the company, we can help design a research
program to get you the information you need. Class action cases involving
extensive analytics, fee and salary analysis, pricing behavior, and predictive
modeling are just some of the areas SFS analysts are able to work with.
Through high volume data entry projects utilizing a variety of publicly
available sources, including Bloomberg and Morningstar, we have developed
proprietary data resources including historic annuity pricing. With accomplished
data entry capabilities and effective presentation techniques, SFS can
help you make your next project a success.
SFS has the capability to export all available data into a Microsoft Excel
spreadsheet format, enabling the client to perform their own data reorganization
and customized review. It should be noted that SFS is unable to authenticate
client analyses performed in this manner.
The functionality of the Bloomberg database can be a powerful tool in
preparing various investment analyses and exhibits. From comparative equity
charting to historical pricing, SFS has the research specialists on staff
to assist you in utilizing this vast repository of data and information.
For request more information,
ACCOUNT EVALUATION (PAE)
Available only through the SFS software on-demand service,
the PAE provides a snapshot of account performance, without the time and
expense of preparing a full P&L. In either an overall or yearly or
summary format, this analysis clearly presents an assortment of data from
monthly account statements including cash balances, equity values, margin
interest charges and other information to provide a concise report, detailing
net out-of-pocket results and annualized portfolio turnover. The PAE quickly
quantifies the relative performance of an investment account, enabling
clients to determine the most appropriate course of action moving forward,
at a minimal cost. The PAE can also be tailored to present essential data
elements in a customized format to meet specific client needs.
PAE SUMMARY. ......Sample YEARLY
To find out more about the Preliminary Account Evaluation
service, please contact us.
Phone: toll free (888) 729-1700 (Mon-Fri 9 am to
5 pm EST)
To find out more about the Investment Analytical Services available
from Secure Financial Services, Inc., please contact us.
Phone: toll free 888-729-1700 (Monday - Friday 9:00
am to 5:00 pm EST)