Closing a Portfolio

[paulk]

Hi Mark

A client of mine has decided to move on so I need to remove the portfolio and it's related sub portfolios from my firms master portfolio. I assume the best way to do this is to simply close his portfolio using the "close portfolio" command? This will still leave the data intact on my system and will allow me to reopen it if need be correct? In other words I don't think I want to delete it right?

Will a closed portfolio continue to re-open everytime I open the master portfolio it was included in?

Thanks

[Mark]

Hi paulk,

If you close the "sub-portfolio" for your client, it will be removed from the parent sub-portfolio and your portfolio file (*.mm4). When you re-open Fund Manager it automatically re-opens your last portfolio file. That closed sub-portfolio won't be there anymore.

Closing a sub-portfolio does not delete the investment files from your hard drive, but there is no easy way to re-add a closed sub-portfolio. You'd have to create a sub-portfolio, and re-open all the investments that belonged in each sub-portfolio.

If you'd like to keep a record, but not have it displayed, you can "hide" that sub-portfolio. You might just record the Transfer Out transactions (assuming the shares were transferred out), and then mark the sub-portfolio property of "Hidden". You do this by right mouse clicking on the sub-portfolio, and choose "Properties...". This way, it is still available for you if you need to look back on it, but you won't see it normally. To view it, you would turn on "View / Hidden Investments / Portfolios". The account value will be $0 as of the transfer out date, so it won't affect any higher level reports past this date.

[paulk]

Thanks for the quick response! Got it.