Help clients keep better track of their investments and goals and realize the value of combining financial tech with personalized advice, by promoting your Client Portal as an easy-to-use platform that brings their financial life together, as part of their relationship with your team.
Help clients understand how you keep their financial wellness always within reach by pairing personalized service with the latest turnkey technology resources.
In the coming days, clients will be able to view their Fidelity custodial statements directly in the Client Portal. Clients will appreciate the added convenience of now having everything in one easy-to-access location.
Orion welcomes new strategists to Communities, our robust model marketplace. Here’s the list of who has recently joined the platform:
- Hilton Capital Management
- Peregrine Capital Management
- Integra Capital Management
- Columbus Macro
- Sustainable Growth Advisers
We have added the ability to import the Primary Product Type and Asset Classifications for models in Eclipse via the Model Import.
We are actively working on a new process to automatically sync each account’s advisory fee into Eclipse with the click of a button. When generating bills, you will be able to automatically sync each account’s fee into Eclipse at the click of a button. Once it reaches Eclipse, you are able to set aside that specific dollar amount, or multiply the dollar amount to hold more or less than the fee. This way, if you run fees monthly, but only rebalance quarterly, you could set aside 3 months of fees to avoid additional trades.
With this release, we will only be adding the Multiplier in Eclipse. This way you can set up your preferences in anticipation for the full release of this tool in an upcoming build.
Dropbox serves as one of the integration partners for cloud storage. They have recently made a security enhancement that required Orion to modify and update the method through which we authenticate and store tokens for the cloud storage integration.
This update requires that all users of the integrations (advisor, rep, and client) must reconnect the integration upon this rollout. The integration will simply appear disconnected, requiring the user to reconnect, enter their credentials, and then the integration will work as expected.
This will be required of all users whether they are connected via the AdvisorShared or MyUser setup.
ESG platform leader YourStake currently provides integration with Orion through an SSO, a portfolio import, and ESG preferences for the Eclipse and Astro platforms. Now to further add value when communicating the impact and value of ESG portfolios to your clients, YourStake has added an export feature that will PUSH an ESG impact report through the API to your Documents on a household making it immediately available to the Client in the Orion Client Portal.
Prior to this addition, the cards in the Target Comparison pointed to model data and not Target Allocation. With this update, we have added another sub-tab in the Portfolio View Allocation tab to reflect the data in the context of Target Allocations.
We have added an additional data source to calculate Market Change on the Portfolio Summary card in the Portfolio View.
Market Change with Income = Market Value Increase/Decrease + Change in Bond Accrual + Dividends and Interest + Advisory Fees Paid
In all Portfolio View cards that allow for groupings, we have added Sleeve Strategy Aggregate as an additional way for you to view your data. We wanted to reflect the availability of this grouping that was recently built in RB3 to allow our users to aggregate their data in this manner.
Users who are not currently utilizing Orion Planning asked that we disable the Planning tab in the Portfolio View. After this release, if you do not have the Advizr privilege enabled in your role, the Planning tab will be off by default. If you would like to turn the Planning tab back on, you can do so in your Portfolio View settings. If the setting for the Planning tab is turned on, and the privilege is not enabled in your role, there will be a message in the cards stating the Advizr privilege is needed for data to populate.
We have added four Download Defaults that can be set so that all accounts created through a download source automatically are set to the default chosen. The new download defaults are: Business Line, AUA Reportable, Wrap Managed, Wrap Sponsored
In Q3 the Interface Product Team completed the building and quality assurance checks on 10 new data feeds now available for full daily reconciliation.
- Accutech Cheetah
- Bremer Bank
- Park National Bank – FiTek
- Pacific Premier – Pensco Trust
- BOK Financial
- Huntington National Bank
- Goldman Sachs
In recent months we added the ability for users to run reports in different currencies within Orion reports. This is a continuation of that development – We are now bringing that currency adjustment into custom calculations that users have created. It is important to note that this will only impact activity style custom calculations.
A few months ago Orion made adjustments to which users got access to newly created reports in Orion. This development led to some unintended roadblocks for some of our users, so we are rolling back this development and restoring it to what it was previously. Report admins will again have access to all Representative level reports that are created in the system – making report management easier.
Over the last few years we’ve had a number of clients ask for a way to hide unmanaged journal offsets from our reports. The feedback that we’ve gotten is often that “clients find this detail to be confusing.” We’ve heard you and have added the ability for you to remove this detail from your reporting. This option to hide unmanaged journals exists within the activity option control within your report settings.