BorderfolioFOR ADVISORS

Documentation

Households

Advisers rarely review one person on their own. A household brings together the clients you review as a family: a couple, their children or parents. It also shows the accounts they hold through a trust, an SMSF or a company. Each member stays a client with their own accounts, tax profile and reports. The household adds a combined view on top.

Create a household

On Clients, switch to Households and choose New household. Name it, pick the reporting currency, and tick the members with their role: primary, partner, child, parent or other. From a client's page you can also choose Add to household under their name, to join an existing household or start a new one with that client as its first member.

Clients page with the Households view selected: a card for the Laurent and Petrov family with 2 members, reported in USD, its notes and who created it, and a New household button.
Switch Clients to Households to see every household; New household starts one.
Ivan Petrov's client header with a household chip reading Laurent and Petrov family, Partner, with Sofia Laurent.
On a member's page, the household chip shows the role and the other members, and opens the household.

A client can belong to one household at a time. Adding them to another moves them, and removing a member or deleting a household never deletes a client or their data.

Joint, trust, SMSF and company accounts

An entity is not a separate client. A joint account, a family trust, an SMSF or a company account is an account of one member, labelled with how it is held. On the client's Portfolios tab, choose Ownership on the account and pick individual, joint, trust, SMSF or company, with an optional note such as the trust's name or the joint holder. Because the account belongs to one member, the household view counts it once.

The How is this account held dialog for a CommSec account with SMSF selected and the note Petrov Family Super Fund.
Ownership on an account: individual, joint, trust, SMSF or company, with an optional note.

Ownership is a label for the household view. It does not change tax. For an SMSF or a pension account, also set the account's tax wrapper so its income is calculated at the fund's rates.

What the household view shows

A household page: Laurent and Petrov family, portfolio value $75,317, total wealth $582,217, 2 members and 2 accounts, then a card for Sofia Laurent ($54,023, IBKR, individual) and Ivan Petrov ($21,294, CommSec, SMSF).
Totals across the household, then each member with their accounts and how each is held.
  • Portfolio value and total wealth across all members, converted to the household's currency at today's rate. A total is shown only when every member's figure is known. If one is missing, the total is withheld and that member says why.
  • Each member: their value, their share of the household, and their accounts with how each is held.
  • How it is held: the household's accounts by ownership, for example how much sits in the SMSF compared with personal names.
  • Largest holdings across every member, merged by ticker, with the members who hold each one.
How it is held: individual $54,023 (71.7%) and SMSF $21,294 (28.3%); largest holdings: VT $51,297 held by Sofia Laurent, VAS $15,266 and BHP $6,028 held by Ivan Petrov.
How the money is held, and the largest holdings across the family with who holds them.

Every figure comes from the members' own analysis, the same numbers their client pages show. Performance, tax and cross-border findings stay per client, because each member has their own residence, wrappers and tax position.

Plans and client limits

Households are available on every plan. The plan's client limit counts people: each member of a household is one client. Trusts, SMSFs, companies and joint accounts are accounts of a member and do not use a client place.

Last updated . Describes the product as built; figures are screening estimates, not tax, legal or investment advice.