July 2021

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Market*r

New Customizable Video Creator

Now available in the Market*r platform is an all-new custom video creator. With it, your firm can customize professionally produced videos by adding not just your logo, but also custom text, imagery, storyboard decisions.

Two videos are available now, and more will be added as part of the rotation of new content added into the portal monthly:

  • Client Portal Video: Show clients the online experience only your firm provides through your online personal financial management experience. 
  • Retirement Services Overview Video: Show clients and prospects the most important elements of your retirement planning capabilities with this video that outlines the valuable services you provide.

Check out our webinar for more insight into this exciting new tool: https://event.on24.com/wcc/r/3300415/3229D8A9BE90181DA52BD2802AD5E69F

How to get there: Orion Connect > Market*r > Assets > Videos
New Campaign: Generating Referrals

Existing clients are an excellent source of new leads. With this campaign, better leverage your relationships with content directed at earning the oft-coveted referral.

How to get there: Orion Connect > Market*r > Campaign Library
New Campaign: Reaching High-Net-Worth Investors

In the first of a new series of campaigns focused on high net worth investors, you can target young professionals marked for future success with a suite of engaging content. 

How to get there: Orion Connect > Market*r > Campaign Library

Client Portal

Document Vault Enhancements

Along with the redesign of our Document Vault, users will now have the ability to drag and drop new files into the Document Vault. We’ve also increased the subfolder limits so users can now create up to 10 sub folders. This new design creates the needed architecture to add Fidelity statements to our vault later this summer.

How to get there: Orion Connect > Client Portal > Document Vault
Transactions Update

The transactions screen will now filter out any “Remark” (Placeholder) transactions and will also only display transactions that are in a completed status.

How to get there: Orion Connect > Client Portal > Personal Finances > Select an Account > Transactions

Financial Planning

Sync Custodian from Orion

Orion linked accounts will now sync the custodian name as it appears in Orion Connect into the financial institution field in Orion Planning. For accounts with DST, DTCC, Fund Direct, Byall or Quovo listed as the custodian in Orion Connect we will now bring over the fund family field from Orion Connect to make it easier for clients to identify the financial institution their accounts are held at. 

How to get there: Orion Connect > Client Portal > Profile > Accounts > Select Account > Financial Institution

Invest

New Strategists on Communities

Orion  welcomes new strategies to Communities, our robust model marketplace. Here’s the list of who has recently joined the platform: 

  • Schwab Asset Management
  • Putnam Investments

Learn more about these strategists on our Communities Corner.

How to get there: Orion Connect > Communities

Investment Management

Rebalancing and Cash Needs via the Tactical Tool

We have added the ability to generate rebalances and cash needs trades directly in the tactical tool.  These can stack on top of trades already created, or can initiate the first trade for that portfolio that day. They also can be modified after the trades are suggested prior to saving them to the orders grid. 

How to get there: Eclipse > Trade Tools > Tactical Tool
Negative Set Aside Cash

Eclipse will now allow you to set negative set aside cash.  This can be used in Eclipse to spend more cash than is truly available in the account.  Scenarios would be a contribution transaction that is at the custodian but not yet in Eclipse, or if a margin balance is targeted in Eclipse. 

How to get there: Eclipse > Accounts > Account details > Add new set aside cash
Focused Sleeve Model Level Rebalance

Users can now run a focused rebalance in Eclipse based on a sleeved model, allowing you to rebalance one sleeve, or a group of sleeves, without rebalancing the rest of the sleeves in the portfolio.

How to get there: Eclipse > Trade Tools > Rebalancer > Focused Rebalance
Remove .e from Models Reverse Syncing

Eclipse will no longer reverse sync the .e for models.  If there is already a model in Orion Connect with the same name, then the .e will be added to the end in order to avoid two models with the same name.  If users want to see which models were created in Eclipse, they can use the Eclipse Model ID column on the model aggregate grid.

How to get there: Eclipse > Models > Model Aggregates
Update Closed Mutual Fund Order Status to Filled

You can now edit the status of a rejected mutual fund manually to filled.  This is to help users who contact the custodian and manually place a rejected order, but want the pending trade to show back up in Eclipse.

How to get there: Eclipse > Trades > Closed > Closed blocks > Update order status on a rejected mutual fund.

Portfolio Interactions

Portfolio View URL Updates

Each client you access in the Portfolio View will now have a unique URL associated. This means that when you open additional client tabs, the adjustments you have made to the tab you were previously on will stick for that session. 

How to get there: Orion Connect > Portfolio View
Homepage/Portfolio View - No Data Message

When there is no data to display on a card for a given time period, we will now display an icon with the message “No data to display”. This will better help our users determine if there is an issue with the card or if there is truly no data returning for the given timeframe.

How to get there: Orion Connect > Homepage Dashboard/Portfolio View
AUM Summary Card

We have removed _hist accounts from the AUM Summary card on the Homepage Dashboard. These accounts can often inflate the AUM for a firm and should either be brought to zero and linked to a live downloading account or cancelled in the Orion system after a historical conversion.

How to get there: Orion Connect > Homepage Dashboard > AUM Summary

Reporting

New Tag: Group Close Date

This new tag will allow users to show when an entity has closed out within Orion. For instance if you held Apple until the first of the year and included this tag in a product level grouping table the Apple position would show a group close date of 1/1/2021.

How to get there: Orion Connect > Reporting > Sub-Reports > New > Actions > Data Library
New Tag: Contribution to Return

This new tag will help calculate the contribution an individual asset had to the overall return for an account within a given period. This is based on the assets daily performance value and weight within the account.

 More detail can be found in the “Contribution to Return Calculation” Support article.

How to get there: Orion Connect > Reporting > Sub-Reports > New > Actions > Data Library
New Tag: Alternative Recallable Distributions

This new tag will pull in recallable distribution amounts from our Account Composer app of Orion Connect. 

How to get there: Orion Connect > Reporting > Sub-Reports > New > Actions > Data Library
PDFs as Sub-Reports

We’ve added the ability for PDFs to exist in the system as a sub-report, creating increased efficiencies when it comes to managing supplemental communication within reports. 

How to get there: Orion Connect > Reporting > Sub-Reports > New > Media > PDF
Reporting UI/UX Improvements

As part of our continued improvements to system responsiveness, sub-reports will now load more quickly. 
We have also adjusted our default sub-report type to dynamic instead of static. Dynamic sub-reports can be pulled into multiple reports in the system and updated at a single point in the system – where static type sub-reports (if included in multiple reports) would have to be edited in each individual report.

How to get there: Orion Connect > Reporting

Compliance

Customize Front Running Trade Rule

This update gives the advisor the ability to set the number of days before and after the trade for front running monitoring.

How to get there: Orion Connect > Compliance > Inform > Trade Rules
Custody Custom Import Update

Advisors can now assign First Party or Third Party Custody en masse, as it relates to question 9 (custody) of their ADV filing with the updated Custom Import, (Account Update – 13f/ADV)

How to get there: Orion Connect > Compliance > ADV Dashboard


2072-OAT-7/21/2021