With the addition of the “Use $0 Inception Value” setting in the client portal, clients will now be able to see their portfolio’s since inception beginning market value start at $0 instead of with the first transaction. Many clients find starting at $0 allows them to better understand the full activity that has taken place in their portfolio since inception.
In the Client Portal today, accrued interest is included in portfolio values by default. With the addition of the “Include Accrued Interest,” advisors will now have the ability to decide whether or not to include accrued interest in their client’s portfolio values.
How to update setting: Orion Connect > Firm Profile > Option Information > Performance Calculator > Include Accrued Interest
Firms now have the ability to utilize two-factor authentication with clients within the Client Portal. Two-factor authentication is a security feature that requires users to provide two distinct forms of identification in order to access a website. It is designed to prevent unauthorized users from gaining access. Firms will have the ability to make two-factor authentication required or optional for their clients.
How to update setting: Orion Connect > Firm Profile > Option Information > Two Factor > Enable Client Two Factor Authentication
The Newsfeed is moving from a secondary item on the client overview page to its own feature on a separate page. This allows for a more prominent space for the content, helping you keep the advisor/client relationship strong.
How to make a Newsfeed post: Orion Connect > Client Experience > Newsfeed Posts
As a part of our continued efforts to rebrand Advizr to Orion Planning, the Advizr app in Orion Connect has been renamed to Orion Planning.
Previously Eclipse always traded directly to target, as long as a security was outside of its tolerance band. Now you will have the ability to trade to the model tolerance, or a range within your tolerance band. You also will be able to remove tolerance bands. Each of these settings can be defaulted in the preferences, or you can adjust them ad-hoc in the rebalancer tools themselves.
We have added the ability to determine if the spend cash tool should only spend excess cash or should allow your cash to dip below its target. This can be done with a preference at the firm, team, portfolio levels.
Previously Eclipse would exclusively update a portfolio’s team the first time it was imported. Now, Eclipse will dynamically update its team assignment if the representative assigns changes for the underlying accounts.
The new Risk Dashboard will assist advisors in identifying potential risk items, and assist them in tracking their clients’ portfolio drift. It can also help them keep client suitability and risk scores current and complete.
For our advisors already using BasisCode, they can now access the BasisCode Dashboard through the Compliance app, replacing the current Compliance Dashboard.
We improved report generation speed, improved usability of Report Preview, addressed some bugs, and focused on delivering a more stable platform to our users.
We have added additional data points to Query Builder. The new data points available are as follows:
- Household Created Date
- Is Active Household (True/False)
- Qualified Investor (True/False)
- Statement Transmission Method
- US Resident (True/False)
- Managed Account (True/False)
- Transaction ID
Keywords have been added to common data tags to make finding your perfect data point easier.
Advisor level roles will now be able to customize the names of their products. The ability to change product names will be tied to a privilege that can be enabled in the Manage Users application. The privilege can be found by editing a role and navigating to Privileges > Actions > Products > Local Product Name Override where it can be enabled.
When a product name override is added at the local product level it will show up throughout the Orion platform wherever ‘product name’ is shown. Orion endpoints that return ‘product name’ will also return the override name, so if your firm leverages Orion APIs or have Integrations that use our API endpoints, the ‘product name’ field will also show the overridden product name in those situations.
At the global product level, the original product name will remain and show when loading a global product grid or viewing that information elsewhere. In the Product & Prices application, we’ve added the column “Orion Product Name” that can be added to your views so you can see any differences in product names in the grid. As best practice when communicating product information to Orion’s service teams, please use product ID or ticker, since product name can now differ in your database between the global and local tables.