Skip to content
  • There are no suggestions because the search field is empty.

Asora glossary

Definitions for terms used across Asora's platform.

  1. A-grid: An interactive pivot table grid that provides a comprehensive and detailed view of each account, asset, and liability. It allows users to examine ownership breakdowns and delve into individual holdings per unit, offering a thorough and insightful analysis.
  2. Account: An Account contains a deposit of funds/securities/assets that is held at an external third party financial institution or Provider. When an Owner has an Account with an external party, we create an Asora Account to reflect this external connection.
  3. Account Type: Bank and Investment accounts can be categorized into different types, some examples include Current Bank Account, Savings Bank Account, General Investments, Fixed Deposit, and so on.
  4. Active Portfolio: An active portfolio updates automatically based on the accounts/providers selected when adding a portfolio. When new financial instruments are added to chosen accounts or providers, they are automatically included in the portfolio and do not need to be manually added.
  5. Asset: An item of property currently or previously owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
  6. Asset class: The categorization of assets into different classes for classification and grouping purposes. Every asset has asset classes 1, 2 and 3.
  7. Calculated units: Number of units of an instrument calculated based on the transaction data received by Asora from the provider.
  8. Connection status: A status that indicates whether your bank/investment accounts are connected and live on asora or not. There are five statuses used to indicate this: Pending, Connected, Delayed, Expired, and Unavailable. Read more about the account connection status here.
  9. Custodian: The bank or investment provider with which your securities are held.
  10. Data notifications: In the activity section, users get notified of any bank accounts that are expiring soon, or have expired and need to be reconnected. Data notifications are sent upto 2 weeks before the account is set to expire.
  11. Date established: The date on which a Bank or Investment Account was originally set up. 
  12. Deal status: A customisable field specific to private assets that can be tailored to your due diligence process, e.g. new, under review, investment committee, legals, owned.
  13. Entity: An Entity is an organization possessing separate and distinct legal rights, such as an individual, partnership, or corporation. An Entity can, among other things, own property, engage in business, enter into contracts, pay taxes, sue and be sued. For Asora an Entity has the ability to fulfill any of the same roles as a Person, apart from User.
  14. Fallers: Holdings (excluding cash & liabilities) with the lowest percentage performance.
  15. Family: A Family is any group of Persons and Entities within an individual Client. Families enables users to separate the Persons and Entities into smaller groups with separate Admins.
  16. Fees vs transaction costs: Fees include any management fees, performance fees, etc., that are paid to providers. Transaction costs include charges levied on financial transactions. 
  17. Holdings and Custody: On any given date your holdings are the assets that are owned on that date. The custody date is the date on which a holding was last confirmed. Custody dates can be viewed in the holdings section of an account card. This date is marked in circle either when a provider confirms holdings on that date (via bank account connection for bank accounts and SFTP files for investment accounts) or when holdings are manually imported for particular dates.
  18. Liability: Future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
  19. Manager Units: Number of units of an instrument confirmed by the provider.
  20. Mandate: An investment mandate is a set of instructions laying out how a pool of assets should be invested. It sets out rules to guide choices during investing. These rules then inform the actions of an investment manager.
  21. Monitor Notifications: These notifications are linked to the mandates set. When setting mandates, you get to select if you would like to Create a Monitor. If you select yes, you will be notified if you have breached your allocations and/or risk limits. 
  22. Performance: Performance on Asora is daily time-weighted and includes FX.
  23. Person: A Person is any individual associated with the clients wealth. A person can either be an Owner (someone who is potentially an owner of the wealth on the platform), an Advisor  or a Contact (both are users who cannot own the wealth but can view the wealth and use platform functionality based on permissions).
  24. Portfolio: A portfolio is a combination of accounts and/or assets mainly created to track performance. Two types of portfolios can be created on asora: Active portfolioand Static portfolio.
  25. Provider: The bank or investment broker that your financial accounts are connected to.
  26. Rec Status: An indicator of whether holding units of instruments confirmed by the provider (manager units) reconcile with the units calculated using the transaction data for said instruments (calculated units). There are three indicators used: Reconciled (manager units match calculated units), Break (There's a mismatch between manager units and calculated units), and Past conflict (Manager units and calculated units match for the period under consideration but had a break in the past).
  27. Risk: The risk component in the Wealth reports four metrics
    1. Growth assets - Sum of Holdings where Risk Class is Growth divided by the Total Account or Portfolio Value
    2. Liquidity - Sum of Holdings where Liquidity is Daily, Weekly or Monthly divided by the Total Account or Portfolio Value
    3. Concentration - Sum of Top Five Holdings (ex cash divided by the Total Account or Portfolio Value
    4. Leverage - Sum of Liabilities / Total Cash + Asset Value in Account or Portfolio
  28. Risers: Holdings (excluding cash & liabilities) with the highest percentage performance.
  29. Selected period vs Since inception: The selected period - since inception options are used in the position and cash rec. When selected period is chosen, data and calculations are displayed for the calendar period selected in the top right corner. When 'since inception' is chosen, data and calculations are displayed for the period beginning from the first holding/transaction date.
  30. Static portfolio: A static portfolio is one which includes individual assets and hence does not update automatically when new assets are added to the platform. If a user wants to include new assets to an existing portfolio, they would have to edit the portfolio and select the new asset.
  31. Technical Account: When an Asset/Liability is created an account is automatically created for this asset. This is a technical account which will have an account ID. Ownership and holdings for this asset are stored against this technical account. From a user perspective they will not see this account, but the ownership and holdings can be edited from the asset card. These technical accounts will only ever hold the single asset. Transactions for this asset are also held against this technical account. When the asset is no longer held (i.e., units changed to 0) this is the equivalent of closing the account.
  32. Transaction: A transaction is the movement of cash/financial instruments recorded on asora. Transactions are generally received by the connected bank/investment accounts but can also be manually added.
  33. Valuation frequency: The intervals at which your accounts or assets are valued. Options include Daily, Weekly, Monthly, Quarterly, and Annually.
  34. Valuation Source: The source of valuation for your accounts and assets. Options vary from Self-managed to all providers we currently have on Asora. 
  35. Vault: A document management centre. Users can upload and request documents from others to the vault.
  36. Wealth Type: A customisable account level data field used to categorize accounts to reflect different wealth types.