This section allows you to indicate the items owned by the client that you do not expect to be tracking in accounts you create, but that are a part of the client's financial situation. Assets can be classified as Personal (like automobiles, jewelry, etc.) or Financial (collectibles, investments not under your management, checking accounts, etc.).
Asset Name and Owner
Asset name Type an identifier for the asset
Asset owner Select one or more of the client's members as the asset owner
Asset Type
Type Select either Personal or Financial.
Subtype Select subtype for asset. Choices depend on your Type response. Personal subtypes include Real estate, Personal property, and Other. Financial subtypes include Cash and cash equivalents, Invested assets, Real estate, and Other.
Tax status Select asset tax status from Taxable, Tax-deferred, or Nontaxable.
Asset Value Details
Market value ($) Enter current dollar value of asset.
Vested value ($) Enter current vested dollar value of asset.
As of date Enter the date that the above details refer to.