With Kwanti's xPDF Statement Extraction feature, you can upload a prospect's or client's PDF statement for automated analysis. xPDF extracts position details into a portfolio, allowing for efficient and streamlined data analysis. This feature is available as an add-on (see Cost section below).
What xPDF can process
xPDF supports most brokerage and retirement account statements. Positions are identified by ticker and matched against Kwanti's data feed, which covers all Stocks, ETFs, and Mutual Funds.
Some position types are handled differently:
- Retirement account statements often list fund names without tickers. xPDF will suggest a matching ticker for these positions and flag them for your review.
- Bond positions are imported using a proxy built from the statement details. You may be asked to confirm details.
- Positions that cannot be matched to a known security (for example, proprietary model portfolios or alternative investments) will be flagged for you to assign a proxy or remove.
- Short and margin positions are not currently supported and will be excluded from the extraction. You will see a notice listing any excluded positions.
Cost
- Monthly Plan: $75/month per advisor.
- Yearly Plan: $810/year per advisor (10% discount).
Included Usage:
You get 25 credits per month on the monthly plan, or 300 per year on the yearly plan.
Credits are counted per account extracted:
- A single-account statement uses one credit.
- A multi-account statement (for example, a household statement with 4 accounts) uses one credit per account.
To enable xPDF for your account, please email support@kwanti.com.
Getting started
Step 1: Import the PDF
- Navigate to "Import" > "PDF".
- Select "Upload File" and choose the account statement in PDF format. The PDF will appear in the table with a status of "Pending".
- Statements are typically processed within minutes. You will receive an email notification once the analysis is ready for review.
Step 2: Review the analyzed statement
- Navigate to "Import" > "PDF".
- Locate the analyzed PDF listed with a status of "Review" and click to proceed.
- The review screen shows the extracted positions alongside the source PDF. Positions that need your attention are flagged in the table.
- Click a flagged item to see what needs to be resolved and choose from the options provided, such as confirming a suggested ticker, selecting a proxy, or removing the position. If a new proxy needs to be defined, follow the detailed instructions provided here.
Note: For a statement with two or more accounts, the review screen breaks out each account into its own section so you can review positions account by account.
Step 3: Create the portfolio
Method 1: Single-account statement
- Once all positions are verified, click Create Portfolio.
- The portfolio will now be available for your analysis.
Method 2: Multi-account statement
- Once all positions are verified, click Create Portfolio. The Portfolio Creation window opens and lists each account found on the statement.
- Use the Destination Folder dropdown to choose where the portfolios are saved. You can select a client container, a folder, or Top to create them on the main Kwanti landing page.
- Keep the pre-loaded name for each portfolio or rename it in the field provided.
- Click Create portfolios to finish.
- You are then asked whether to create a group portfolio in addition to the individual portfolios. Click Yes to group all accounts from this statement into a single Group portfolio, or No to create each account as its own portfolio.
Data security
Kwanti ensures the highest level of data security for all uploaded PDF statements. You can find more details about our security measures here.