The Financials section gives you a consolidated view of a client's financial picture in Swivel. It can include information from products your firm services, external holdings added by your firm, and eligible financial accounts added by clients through Client Portals.

An external holding is an asset, liability, or insurance that your firm does not service. Advisors can add external holdings to a client's Financials.

Clients can also add financial accounts through Client Portals. Client-added accounts can be included in the client's financial picture and Net Worth.

Financials is available to all Swivel customers. You do not need Client Portals to view Financials or add external holdings.

Financials includes five views:

Total Net Worth = Total Assets − Total Liabilities

Net Worth is the default Financials view. It opens with Total Net Worth, followed by Total Assets and Total Liabilities displayed side by side.

Net Worth can include financial information added by your firm in Financials as well as eligible financial accounts added by clients through Client Portals.

Below the totals are grouped lists for Assets and Liabilities.

Every asset category appears in a fixed order, even when it has no holdings. Empty categories show an em dash (—).

When a category contains holdings, its row shows the number of holdings and category total. Select the row to expand it and view the holdings.

Asset categories, in order:

Liabilities use the same grouped structure and appear in red.

Liability categories, in order:

Categories with holdings show the number of holdings and category total. Select a category to expand it and view the holdings.

At the bottom of Net Worth, Composition by Category summarizes the client's financial information by category.

Categories are shown from largest to smallest. Each category includes its percentage of the total and dollar amount.

Liquid Assets focuses on the client's liquid assets. It shows the total liquid assets at the top, followed by the Checking / Savings holdings that make up that total.

If the client has no liquid assets, the tab displays “No liquid accounts connected.”

Liquid Assets and Net Worth serve different purposes: Liquid Assets focuses on the client's liquid assets, while Net Worth provides an overall view of the client's assets and liabilities.

The Liabilities view displays loans and other debts associated with the client.

The Estate view displays applicable estate-related products stored in Swivel.

The Insurance view displays applicable insurance information, including external insurance holdings.

Financials can include information from several sources, including information entered by your firm and financial accounts added by clients through Client Portals. A badge identifies the source of the financial information:

Use + Add Holding to record an asset, liability, or insurance that your firm does not service.

Select + Add Holding > Asset.

Enter the available information, including:

The contact you're working from is automatically added as an Owner.

To add another owner, select + add owner.

Once saved, the asset appears in the applicable Financials views and contributes to Total Assets and Net Worth.

Select + Add Holding > Liability and enter the available information.

Once saved, the liability appears under Liabilities, contributes to Total Liabilities, and decreases the client's Net Worth.

Select + Add Holding > Insurance and enter the available policy information.

External insurance appears under Insurance but does not affect Net Worth.

External holdings can have more than one owner.

For example, if two spouses jointly own a bank account, add both contacts as Owners. The holding will appear in Financials for each owner.

When adding a holding from a Household record, Swivel pre-populates the primary and secondary household contacts as Owners.

Navigate to a contact page and click configure (next to +New Product button) and check Financials.

Check the type of holding you added. Assets and liabilities affect Net Worth. Insurance holdings do not.

Manually added external holdings do not contribute to the Estate value.

Manually added holdings do not update automatically. Edit the external holding when its information changes.

No. Delete the existing holding and create a new holding using the correct Asset, Liability, or Insurance type.

No. Financials and manually added external holdings are available without Client Portal.

An external holding is an asset, liability, or insurance policy recorded in Financials that is not managed by your firm.

No. Manually added holdings change only when someone edits them.

The badge identifies where the financial information came from, such as Manually Added, Advisor Entered, Client Entered, or Plaid Connected.

These elements are associated with Client Portal financial data and may not appear when Client Portal data is not available.