Is there any write-up or vidoe available in the app to understand the Account statement posted every month in the app
Understanding your monthly account statement
Every month in which your account has activity, a statement is posted in the app. This guide walks through each section. The figures used as examples below are taken from a sample statement.
This is an explainer for informational purposes. It is not a tax document and not investment advice.
1. The header
At the top of every page you will see four things:
- Statement period. The calendar month the statement covers, for example May 01, 2026 to May 31, 2026.
- Account number. Your unique account identifier, for example VSTF-001-VSGD000081.
- Account name. The name the account is held in.
- Page count. For example Page 1 of 10. Use this to confirm you have the full document.
2. Valuation summary (page 1)
This is the single most useful section. It shows how your account value changed, broken into cash movements first and market movements second.
There are two columns:
- This Period. Movement from the last statement date through the end of this statement period (this month).
- This Year. Cumulative movement from January 1 of the current year through the end of this statement period (year to date).
The lines build from your opening value to your closing value:
| Line | What it means |
|---|---|
| Beginning Account Value | Your account value at the start of the period |
| Deposits | New money you added |
| Dividend & Interest | Income earned from holdings and cash |
| Withdrawals | Money you took out |
| Other Activity | Internal cash movements that are not your own deposits or withdrawals, such as cash used to buy securities, proceeds from sells, and amounts moved to or from the cash sweep |
| Net Change in Portfolio Value | The change in the market value of your investments (your gains or losses) |
| Ending Account Value | Your account value at the end of the period |
Worked example (This Period): a beginning value of 1,553.01, plus 0.01 of dividend and interest, minus 0.01 of other activity, plus 182.15 of net change in portfolio value, gives an ending value of 1,735.16. The market gain of 182.15 is what grew the account this month.
[image]
3. Asset allocation summary (page 1)
This shows how your money is split across asset classes, with last period next to this period so you can see the shift.
The classes are Cash and Cash Equivalents, Equities, Options, Fixed Income, Mutual Funds, and Other Assets.
In the sample, equities moved from 1,283.49 to 1,196.50, mutual funds moved from 263.96 to 404.84, and cash moved from 5.56 to 133.82. The three add up to the ending account value of 1,735.16. Reviewing this regularly helps you check that your mix still matches your risk comfort and goals.
[image]
4. Disclosures (pages 2 to 6)
These pages are a glossary and a set of regulatory notices. You do not need to read them every month, but they define terms used elsewhere in the statement (such as Holdings, Market Price, Total Cost, Sweep Activity, and Tax Reporting) and cover items like FDIC coverage on swept cash, fractional share rounding, and payment for order flow. Treat them as a reference you can dip into when a term is unclear.
5. Balances (page 7)
A quick reconciliation of your balances on two bases:
- Trade Date Balance. Your balance on the day you place a trade.
- Settlement Date Balance. Your balance on the day the trade actually settles, which for US equities is typically one day after the trade date.
For most cash accounts these read zero because uninvested cash is swept into the bank sweep program rather than left as a free credit. That swept cash appears in the holdings section instead.
6. Holdings (page 7)
This is the list of everything you currently own, grouped by type: Equity, MoneyMarket funds (your cash sweep), and Mutual Fund. The columns are the key to reading it.
| Column | What it means |
|---|---|
| Description and Symbol | The security and its ticker or ISIN |
| Quantity | How many units you hold (fractions are normal) |
| Unit Cost | Your average cost per unit |
| Total Cost | What you paid in total, including fees |
| Market Price | The latest price per unit |
| Market Value | Quantity multiplied by market price, the current worth of the holding |
| Gain / (Loss) | Market value minus total cost, the unrealised gain or loss if you sold today |
| A/C Type | Account type, where C indicates a cash account |
How to read one line, using SOXQ from the sample: a quantity of 5 at a unit cost of 59.14 means a total cost of 295.68. At a market price of 101.03 the market value is 505.15, so the unrealised gain is 209.47. Gains and losses here are on paper only. They become real when you sell.
[image]
Two points worth noting:
- A figure in brackets, such as (9.98) on the copper ETF, is a loss.
- The bank sweep line (shown as DWBDS, market value 133.82 in the sample) is your cash, held at a program bank and FDIC insured. The same 133.82 also appears under Cash and Cash Equivalents in the allocation summary. It is the same cash counted once, shown in two views.
7. Activity (page 8)
Every buy and sell that settled during the period, in date order.
| Column | What it means |
|---|---|
| Trade Date | The day the order was executed |
| Settle Date | The day ownership and cash actually changed hands |
| Activity Type | BUY or SELL |
| Symbol / Description | The security and trade detail |
| Quantity | Units bought (positive) or sold (negative) |
| Price | The execution price per unit |
| Amount | The cash effect of the trade |
In the Amount column, a figure in brackets is money leaving your cash to buy a security, and a plain figure is money coming in from a sell. For example, a BUY of Fidelity Global Technology for (50.00) reduced your cash by 50, while a SELL of the Themes ETF for 219.74 added that amount to your cash.
[image]
8. Sweep activity (page 8)
This explains how your spare cash is managed automatically through the bank sweep program.
- Debit Sweep Program (BUY). Cash moving into the sweep, for example after a sell or a deposit, shown as money parked in the bank sweep.
- Credit Sweep Program (SELL). Cash pulled back out of the sweep to fund a purchase.
- Interest (INTBD). Interest paid on your swept cash, credited once a month. In the sample, April interest of 0.01 was paid on May 1.
You do not need to manage any of this. It happens in the background so that uninvested cash continues to earn interest.
9. Interest and bank balance (page 9)
- Current month aggregate interest accrued. The average rate paid on your swept cash and the interest earned. In the sample, an average rate of 0.92% earned 0.09 over the month.
- Bank balance allocation. The program bank or banks holding your swept cash, with the amount at each. In the sample, 133.82 was held at Third Coast Bank.
- Regulatory updates. Any changes to the program, such as banks being added to the sweep list, appear here.
10. Important information (page 10)
- Default tax lot disposition method. This tells you the order in which units are sold for cost basis purposes. The default is First-In, First-Out, meaning the earliest units you bought are treated as the first ones sold.
- Tax reporting. The statement is not a tax document. Separate annual forms (such as Form 1099 or 1042-S) are issued for tax filing.
The statement is a record of settled activity, so the holdings reflect trades that have fully settled. If you believe an entry is incorrect or you did not authorise an activity, contact support promptly. Review of statements is most effective when done soon after they are posted.
This explainer is for general understanding only. It is not tax or investment advice. Investments in securities are subject to market risks. Please read all related documents carefully before investing.