Release Notes: Advisor Experience

By adding the Risk Intelligence and Stress Test functionality from HiddenLevers into the Portfolio View, we have provided you with comprehensive investor oversight and fully integrated risk analytics with Orion. You can access all the functionality of these two HiddenLevers features in the context of the client you are reviewing in the Portfolio View. This feature will be tied to the ‘hiddenlevers app’ privilege and will only be available for those who currently have this enabled in their role. 

Access to the services presented is provided solely as a service to financial advisors. HiddenLevers does not make recommendations or determine the suitability of any security or strategy. Past performance of a security or strategy does not guarantee future results. HiddenLevers research and tools are provided for informational purposes only. While the information is deemed reliable, HiddenLevers does not guarantee its accuracy, completeness, or suitability for any purpose, and makes no warranties with respect to the results to be obtained from its use.

We have updated the Market Change with Income setting on this card to now include dividend reinvested transactions. Market Change with Income = Market Value Increase/Decrease + Change in Bond Accrual + Dividends and Interest + Advisory Fees Paid + Dividend Reinvested.

We have updated the process when moving a registration or account which is assigned to a Portfolio Group to a new Household. If a registration or account is moved from Household A to Household B, we will now remove the registration or account from any Portfolio Group associated with Household B. 

For users with the HiddenLevers privilege enabled, we have added access to the Risk Profile and Stress Test in the Portfolio View for ease of access to this functionality. While this won’t be available immediately post-release, it will be available in the coming weeks. Keep your eyes open for a pop-up in Orion Connect for when this is available!

If any graphs in the portfolio view are grouped by Product or have a Benchmark grouping, the colors assigned to these in their respective applications will now reflect in the Portfolio View.

We have added two audit tasks to the Quarter End Dashboard. The first is for sleeve users to review custodial account balances and will populate if the database entity option ‘Sleeve Trading’ is enabled. 

The 2nd task is for a DST override. If your firm has DST as a download source and active DST accounts, this task will populate on your QE Dashboard. This allows your firm to proceed with QE Billing and Reporting after your core reconciliation has been completed. If the user chooses to proceed without quarter end DST reconciliation complete, the user will need to agree to a legal disclaimer and then will be able to proceed with dashboard completion.

In the Portfolio View settings, we have modified the current toggle to disable registrations in the Investment Tree. Now, users will have the option to show both Registrations and Accounts in the tree or only Registrations or only Accounts.

Representative level users will now have the ability to adjust settings they have been given access to in the Client Experience app. These users will only have access to the Settings portion which is now tied to the privilege ‘Client Portal Admin’. 

Cards with groupings in the Portfolio View now have 2 additional options to group by: Custodian and Fund Family. This provides yet another way to view and aggregate your client data in the Portfolio View.

User feedback showed that our users preferred the model tolerance graph in our legacy app Household Overview to the one we have in Portfolio Audit. We have added an updated version of the model tolerance graph to the Portfolio View to review tolerance ranges and models in/out of tolerance. 

We have made a few adjustments to the target comparison detail card in the Portfolio View. You are now able to easily identify assets excluded from rebalance in the grid as they will be italicized. We have also added ‘Upper Tolerance’ and ‘Lower Tolerance’ as columns in the grid. These can be toggled on from the ‘Columns’ portion of this card. 

We have created the ability to remove (or add back in) the Orion household, registration, and account IDs from the investment tree in the Portfolio View. 

We have added hyperlinks to the transaction types on this card. Clicking the link will take you to the query results for that specific transaction type. 

We have added additional columns to the assets grid in Portfolio Audit. Three new columns are available to be added: household, risk category, and model. 

We have developed the ability to create multiple homepage dashboards to toggle between. This feature allows firm admins to tailor the homepage experience for each role at the firm. The access for the user depends on the rights given to them in their role. With the new privileges we have created for this feature, firm admins are able to provide a range of access to each role. Please review our comprehensive Orion Support document ‘Orion Dashboard: Customizing and Sharing Dashboards’ to learn how to customize this experience for your users.

When adjusting Portfolio View settings in the menu, users will now receive an alert warning if they adjust settings and do not save before exiting the menu. 

We have added an error if an incorrectly formatted hex code is entered into the Primary Color field in either of these applications. 

We have added the ability to filter the Homepage Dashboard by more than one representative. This will aggregate the data together for the selected reps in cases of needing to view a team of reps. 

We have updated the gender fields in Portfolio Audit and Firm Profile to include a new option “Non-Binary/Gender Non-Conforming.”This option will also be available when updating gender in the grids with the abbreviation ‘N’.

How to get there:

Portfolio Audit > Household editor > Household Members

Portfolio Audit > Registration editor > General

Firm Profile > Representatives > Actions: New Representative

Firm Profile > Wholesalers > Actions: New Wholesaler

Feedback has proven that the formatting of the Income Summary card was confusing to some users. We have reformatted this card to make the data appear in a more understandable format.

We want your data to be as visible as possible, so we have made updates to the formatting of our cards so that all data fits on the card without having to hover. 

We have added a confirmation modal to ensure you want to delete a card from your Homepage Dashboard. From there, you can either confirm or cancel the deletion of the card. 

In order to get you to the entity you want to review as fast as possible, we have expanded the search capability of the Portfolio View. Now, in addition to searching by household, you can also search by registration, account or portfolio group in the Portfolio View.

We have revamped the Portfolio Tree to feature a drop down design to give you back real estate in the Portfolio View. With this new design, you will also be able to search for entities in a newly added search box. We have also added ad-hoc grouping to aggregate your client’s accounts in whatever manner you want to view them on-the-fly. 

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 a control to the cards in the portfolio view which gives the ability to toggle on/off SMA’s. When turning this card setting on, the SMA will roll up the assets in an account to a single SMA asset/value. Note: if your firm does not have the Allow Separately Managed Accounts (SMA) Entity Option enabled, you will not see this setting in the cards.

Similar to the landing page of Household Overview, we have added a summarized detail grid that captures important client information found on other tabs.

We have updated the detail grids to give you the ability to easily search, filter, adjust columns, and export data. Any changes you make to your detail grids will auto save and be ready the next time you load a client in the Portfolio View. 

We have added custodian and fund family as additional options to display your client account names in the Portfolio Tree and cards.

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. 

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.

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.

We have added a new tab in the Portfolio View for Orion Planning with cards for Planning, Goals, and Action Steps. Now you can easily view these items in the Portfolio View and SSO over to that data in Orion Planning directly from the cards.

We’ve made it so the collapse and expand capabilities in the sidebar holds when changing apps or logging out and back in.