In the left navigation pane, click the Portfolio Management tab, and then from the toolbar above the grid, click New Account, or, from the top menu, select New, Account.
Select the Client (or Prospect) the account will be associated with and then click OK.
Select the Quick Account or Transactional Account radio button.
Click OK. If you are creating a quick account, the New Quick Account box will open. If you are creating a transactional account, the Account Basics box will open.
What is the difference between a quick and a transactional account?
Quick Accounts
A quick account simply provides a list of current portfolio positions. It is useful for keeping track of a list of securities quickly and easily. Quick accounts do not allow you to effectively track past portfolio performance, so all return figures and performance graphs for these portfolios are hypothetical. However, you can use Portfolio X-Ray and other tools that require only current account positions.
Transactional Accounts
A transactional account provides full-fledged account tracking—it allows you to input sales, purchases, dividends, and share splits to track accounts through time. These accounts are a little more work to create and maintain, but the performance figures reflect the account’s transaction history. The benefit to transactional accounts is that returns, performance graphs, and other figures reflect the actual account behavior.
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