1. Create a "New Plan" within Hexawise

  • Call the plan "Know Your Customer Rules."

2. Cut and Paste the following list of Parameters and Values into the "Bulk Edit" view of the Parameters screen:

Type of Account[Single Person Account, Two Person Account]
Gender (Primary Account Holder)[Male, Female]
Regular Income (Primary Account Holder)[None, Very Low, Low, Medium, High, Very High]
Pension Type (Primary Account Holder)[None, Single-Life Annuity, Joint and Survivor, Certain and Continuous, Lump Sum]
Annual Pension Income (Primary Account Holder)[None, Small, Medium, Large] Gender (Partner)[Male, Female]
Regular Income (Partner)[None, Very Low, Low, Medium, High, Very High]
Pension Type (Partner)[None, Single-Life Annuity, Joint and Survivor, Certain and Continuous, Lump Sum]
Annual Pension Income (Partner)[None, Small, Medium, Large]
Investment Knowledge (Applicable to Account)[Novice, Average, Sophisticated]
Years Investing (Applicable to Account)[No experience, Less than 5 Years, 5 or more Years]
Risk Tolerance (Applicable to Account)[Very Low, Low, Medium, High, Very High]

3. Change the Plan to Reflect the below information:

  • The scenarios with Two Person Accounts should include all 11 Parameters. The scenarios with Single Person Accounts should have only 7 Parameters. Remove the 4 Partner details from every scenario that has a "Single Person Account." This will require using a combination of married pairs and "Not Applicable" parameter values.

4. After you have completed this exercise:

  • Look at your "Scenarios" screen and confirm that each scenario you have that has a "Single Person Account" includes 4 "N/A's" in the 4 columns for details about Partners.

  • Share your plan with support@hexawise.com

  • Answer the question at the bottom of this page.

Hints to complete this exercise:

1. Remember that explicit values like "N/A" will be necessary whenever a Parameter in a scenario needs to be "skipped."

Note: Advanced Constraints enable Skip functionality without extra values, feel free tor request access to the beta version from support@hexawise.com

2. Ask yourself: will Single Person Accounts always have Gender (Partner) = N/A?

3. Ask yourself: will all scenarios with (Partner) details such as Income = N/A always be Single Person Accounts? (See the prior example; the logic is almost identical).

4. Ask yourself: will all scenarios that involve (Partner) income = "N/A" also always have other (Partner) details such as Pension Type as "N/A"?

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