We changed the names of a few apps for an enhanced advisor experience: Rep Portal → Advisor Portal, Compass → Compliance, Integrations Center → Integrations, Project Management → Onboarding, Data Queries → Query, Interface Reconciliation → Reconciliation Status, Engage → Video Statements
We added the ability to filter participants on the Plan Editor in the Firm Profile app.
BILLING & COMPOSITES
We removed the stipulation that all billed accounts must be active. Although sleeves can be closed within a registration—in the event they should no longer be included with trading,—those sleeves still need to be billed.
We updated the Billed Market Value (BMV) column in the Household Bills tab in Portfolio Audit to include only the individual HH’s BMV instead of the entire bill instance’s BMV.
Advisors now have the ability to validate/invalidate a bill instance by right clicking on the instance in the Bill Generator. Currently, this process must be completed by the billing team using a data query.
In the Posted Payments app, an Advisor will now have the opportunity to enter notes, which will help with tracking the status of an outstanding receivable.
Inform enables compliance officers to automate employee trade monitoring, while leveraging the data already maintained in Orion Connect to efficiently and proactively identify potential violations*. What’s more, advisory firms can monitor employee trade activity with access to more than one thousand custodians. Inform provides an audit trail to confirm compliance with Code of Ethics obligations, which can be sent to the SEC upon request.
BizEquity’s business valuation tools provide an opportunity for Orion advisors to provide this information to their clients to create a more comprehensive financial picture. BizEquity’s business valuation questionnaire and analysis are now available in Orion’s Client Portal. To enable the integration, toggle BizEquity to “On” in the integrations tab of your settings.
We now provide advisors single sign-on into BizEquity’s lead generation platform to access business valuation reports and prospect private business owners.
Orion’s integration with Tolerisk provides advisors with access to risk tolerance assessment tools that measure the end-client’s willingness and ability to take investment risk by incorporating their cash flows. All factors are combined into a simple, measurable, and actionable risk directive. With this integration Orion users can load clients from Orion into Tolerisk, send PDF reports from Tolerisk to Orion, and access the Tolerisk Score and Probability of Running Out of Money reports in the Client Portal. To enable the integration, toggle Tolerisk to “On” in the integrations tab of your settings. Orion users also receive a discount on Tolerisk services using code: OrionAdvisor.
Practifi is the business management platform for financial advice. As an integrated industry solution, Practifi was built to help advisors better connect with their clients, increase business efficiency and to give them the tools to grow. The platform combines clients’ financial goals, risk profile, cash flow, assets, debt and insurances into a single, unified view, while offering integrations with a wide variety of partners to help advisors strengthen their business ecosystems. By joining forces with Practifi, advisors can view all of their Orion Accounts and Holding information from within the Practifi client record and summarize account performance instantly in the Insights Dashboard. Additionally, Orion features standard to our Salesforce can be made available in Practifi.
We added a single sign-on (SSO) to Nexa Insights to allow advisors to research client opinions and evolve their practices
RECON & DASHBOARDS
We built a tool to allow advisors to import the master client list on their own with a wizard to walk them through any data that may need to be created prior to import (e.g. reps, custodians, reg types, etc).
Advisors can now filter on securities—held as of a specific date—that are missing Risk Categories. This functionality is similar to how advisors can filter on securities that are missing Asset Classes in the Products and Prices App.
We created Audited Date and Audited By columns for asset classes and asset categories to provide clearer and more actionable information in the Products and Prices App.
We added the following new columns to the Tax Center App: Account Created Date, Custodian, and Qualified.
We added the ability to mark records as “Reviewed” or “Not Reviewed” for users to see which tax lot audits they have already previously reviewed.
We created the ability to add a Table of Contents to your custom reports, allowing you to easily navigate through different sections of your reports.
Advisors can now change the Unmanaged Accounts title in the Client Portal, allowing them to align the wording in the Client Portal with their custom reports.
We created a new Annualized Performance Table that includes activity and performance returns.
In Eclipse™ trading, we have added the ability for equity/ETF trades to be created for a fractional share amount. This can be set by custodian, since certain custodians do not allow fractional shares to be executed.