Release Notes: Compliance

May 2021

Customized Email Notifications within Inform

Compliance admins now have the ability to customize the email notifications sent to employees for a more personal look.  These will be for questionnaires as well as the tasks created in Inform.  The admin will have several templates to choose from for customization.

How to get there: Orion Connect > Compliance > Inform > Manage Options
Inform Trade Violations Update

Compliance admins now have the ability to leave comments on trade violations en masse as opposed to updating them individually.  This will help admins complete their reviews in a more timely manner. 

How to get there: Orion Connect > Compliance > Inform > Trade Violations

February 2021

Additional Filters

Advisors with multiple databases now have the ability to filter based on those databases throughout the Compliance apps, Supervise and Disclose.

How to get there: Orion Connect > Compliance > Supervise or Disclose
Updated Questionnaires in Inform

Advisors now have another option for answers on questionnaires within Inform with the new functionality of checklist answers.

How to get there: Orion Connect > Compliance > Inform > Questionnaires

January 2021

The Policies Section in Inform Now Named “Library”

We’ve changed the Policies section to now be called “Library”, while giving advisors the ability to maintain Policies, Manuals and Forms within this new location.  This is a convenient space for the advisors to store multiple documents while controlling what the employees can see from their Inform page. 

How to get there: Orion Connect > Compliance>Inform>Library
Inform’s Holdings and Transactions Page Updated

We’ve added the institution name to both the firm holdings and firm transactions for employee accounts in Inform, adding additional transparency to identifying information. View our On-Demand Inform webinar, Stay on the Right Side of Compliance with Inform.

How to get there: Orion Connect > Compliance>Inform>Holdings or Transactions

December 2020

Multiple Gifts Entry

In Inform, you can now easily enter multiple gifts at one time within the “Tasks” sections on our app. 

How to get there: Orion Connect > Compliance > Inform
Watch List

In Inform, the “Trade Rules” section was enhanced giving you the ability to maintain a “Watch List” of positions they are concerned about.

How to Get There: Orion Connect > Compliance > Inform
Notifications

The “Notifications” section in Inform will now generate notifications for approved tasks, offering confirmation for all users types.

How to Get There: Orion Connect > Compliance > Inform

October 2020

13f dashboard expansion

We’ve updated the dashboard to provide additional information to the advisor for completing their cover page, by expanding to two tiles.

How to Get There: Compliance >13f Dashboard

September 2020

User Notes in Inform

To help your firm better collaborate and keep a record of important developments, Compliance Admins will now have the ability to add user specific notes with the choice of letting the employee see those notes or not.

How to Get There: Compliance>Inform>UserInformation
Pre-Clearance Requests in Inform

Based on your feedback, Inform users will now have the ability to cancel a pre-clearance request that has not been acted on by the Compliance Admin, as well as being able to place a pre-clearance request on an Unconnected Account.

How to Get There: Compliance>Inform>Task>Pre-Clearance

August 2020

Add Custom Licenses to a Profile

To help create more accurate profiles of your team, you now have the ability to add custom licenses to a profile in the Inform Tool, in addition to the existing FINRA licenses already available.

Compliance > Inform > Manage Options

July 2020

Disclose for Advisors with Employee Households Enabled

With this update, any advisor with the “Employee Households” security feature enabled in Manage Users will be able to see the household information displayed on the Disclose Dashboards. There will also be a warning displayed if the information is incomplete or does not include certain accounts marked as Employee Households.

Orion Connect > Compliance > Disclose

June 2020

SLOA Custom Imports

With this release, you are now able to make SLOAs active en masse through a Custom Import, rather than having to do them one by one. The fields on the Import include: SLOA Active, Notes, Account Number, Custody 9a (First Party) and Custody 9b (Third Party).

Orion Connect > Portfolio Audit > Accounts > Actions > SLOA Import
Deleted Users

When a user is Deleted in Orion Connect, it has a negative impact on Inform, causing Trade Rules failures. With the update, the system will identify a user that has been deleted in Orion Connect and move them to Inactive in Inform, thus bypassing the Trade Rules and maintaining the user’s disclosed information for audit purposes.

Orion Connect > Inform

May 2020

Account Name on Trade Violations Grid

As the Inform compliance admin, you may want to see the account name and institution on the trade violations grid so that you know which account is being reviewed. Now, in Inform, when you look at the grid, the account name and institution name for the account in question appear.

Orion Connect > Compliance > Inform > Trade Violations
Require Statements Option

When disclosing or closing accounts in Inform, you were historically required to add a copy of your statement. Now, as a compliance admin, you can choose whether to require a statement when taking those actions. The default for connecting or closing accounts would remain Statement Required.

Orion Connect > Compliance > Inform > Manage Options
SLOA Date on ADV Dashboard

Now, on the ADV Dashboard, the as-of date will respect the SLOA’s date, so you can be sure the SLOA tile represents complete SLOA information.

Orion Connect > Compliance > ADV Dashboard

April 2020

ADV Client Category Custom Import

Continuing with our Custom Imports trend, we have developed an import that will allow you to update or assign ADV Client Categories en masse. This import allows you to set a household’s 13f and ADV reportable options, as well.

Orion Connect > Custom Imports > Import Templates > Client Update – ADV Client Category
ADV Custody Mass Updates

With the creation of the ADV Custody tile in our client presentation tool, Insight, you needed a way to update multiple accounts quickly. We’ve given you that power with the ability to do mass updates to ADV Custody, whether it be 9a, 9b or none, within Portfolio Audit and Custom Imports.

Orion Connect > Portfolio Audit > Accounts
Enable and Disable Compliance App

As an admin-level user, you can now control which advisor-level users have access to the compliance app. In Manage Users, there is now a checkbox that will allow you to enable or disable the compliance app, so that you can manage it for any advisor-level role, including subsequent notifications.

Orion Connect > Manage Users > Roles: Advisor level > Privileges: Apps > Tools > Compliance
Notification Options within Supervise and Inform

Notifications deliver timely, important information, and compliance notifications are no different. That’s why in Inform, you now have the option to receive a notification for any task that is created and submitted. In Supervise, you have the option to receive a notification when scheduling a query; plus, we gave the admin the ability to add notifications for completed queries.

Orion Connect > Settings

March 2020

Compliance ADV Custody Tile

There is now a custody tile on the ADV dashboard within the compliance app to address ADV Custody Rules 9a (first party) & 9b (third party), so that any advisors with custody accounts can visually confirm the information. To be included, the Account, Product, and Asset must be ADV reportable. To be considered for custody, the account must have either first party or third party selected.

The tile will show:

Number of Custody Accounts  Total of 9a and 9b identified accounts

First Party (9a) — Value and number of accounts

Third Party (9b) — Value and number of accounts

Orion Connect > Portfolio Audit > Accounts > Edit Account > Compliance > Custody

2445-OAS-09/23/2020