Release Notes: Trading

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August 2021

Raise Cash Added to Tactical Tool

Users will now be able to utilize the raise cash tool in the tactical tool.  Users can do this by right clicking an account, or using the three dot menu (for the Sleeve Portfolio level). 

How to get there: Eclipse > Trade tools > Tactical Tool
Global Trades Custodial_Cash as “From Asset”

Users can now use the global trades tool to use cash as the “from asset.”  This will take a percentage of cash and create only buys in order to invest excess money. 

How to get there: Eclipse > Trade tools > Global Trades
Sleeve Suffix and Primary Product type added to Model Import.

Users can now add the Sleeve Suffix and Primary Product Type to models through the Model Import in Eclipse. 

How to get there: Eclipse > Models

July 2021

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.

May 2021

ESG Restrictions in Eclipse

Users are now able to import ESG Restrictions into the Eclipse trading tool in order to block specific themes on a portfolio-by-portfolio basis. By restricting a theme, securities under that theme will be updated to “always sell all” in Eclipse, meaning existing securities will be marked unassigned and liquidated in the next trade. In addition, these securities will be marked do not buy so accounts will not buy them going forward.  Users will need to obtain an export from an ESG Provider, or create their own, and then can import those restrictions into Eclipse.

How to get there: Eclipse > Preferences > ESG Themes
Systematics Syncing to Eclipse as Set Aside Cash

Systematics in Orion Connect will now sync into Eclipse and automatically set aside cash. For distributions, the amount set aside can also be multiplied with a new preference that will allow you to set aside more than just the exact amount being distributed. This way, users can set aside 3 months worth of cash, without changing the systematic amount. Dollar cost averaging systematics will exclude the remaining amount on the account in Eclipse, and will reduce the amount protected each time a traunch hits its due date. For sleeved portfolios, custodial sleeves with systematics will set aside the cash at the portfolio level.  Please see the sleeve portfolio level set aside cash for more information.

How to get there: Eclipse > Administrator > Preferences
Stop Unsettled Stock and ETF Lots From Being Sold

Eclipse will now be able to keep equities that are not settled from being sold.  If a user wants to sell unsettled lots, it will provide a warning to the user on the orders grid. 

How to get there: Eclipse > Administrator > Preferences
FIX Mutual Fund Batches

The FIX Mutual Fund Batch tool is now available in Eclipse.  This will group mutual funds by custodian and action and execute them in a group, rather than sending each order individually.  Once in the batch, users can add, remove, or process individual orders without updating the entire batch.  The batch tool also has the ability to easily execute all sell trades prior to executing buy trades for an easier execution experience.

How to get there: Eclipse > Trades > FIX MF Batches
Allocating Partially Filled Blocks in Eclipse

Users will now be able to allocate a partially filled block in Eclipse and automatically open a new block with the remaining quantity.  This way users can have blocks stay open day over day while continuing to allocate the trade orders via FIX.

How to get there: Eclipse > Trades > Blocks > Right click "Allocate Orders"
Validation and Removal of Orders in Blocks

Users can now remove trade orders from blocks when the trades are in accounts removed from Eclipse, or marked as do not trade.  This way users can validate that the orders in the block are not attached to accounts they no longer can trade.  Eclipse does not receive real-time updates from the custodian for trade block information, so users will need to manually update accounts if the trade is blocked.

How to get there: Eclipse > Trades > Blocks > Edit Block
Client-Specific Manual Tax Harvester

The Manual Tax Harvester in Eclipse has created a new revamp giving more targeted gain and loss harvesting capabilities.  Users can determine the term, securities available to trade, and minimum/maximum gains or losses to be harvested.  This will provide a more focused harvesting experience that can be used for one-off client needs. 

How to get there: Eclipse > Trade Tools > Tax Harvester
Account Information on the Portfolios Grid in Eclipse

Account level information will now display on the portfolio line item in the portfolios grid.  This will display the account number, account ID, tax qualification, registration type, and custodian on the portfolios grid, rather than needing to expand the portfolio out first. 

How to get there: Eclipse > Portfolios > All Portfolios
Sleeve Strategy Customization

Sleeve strategies in Orion Connect can now be customized in sleeve setup.  This allows a registration to be a part of a sleeve strategy aggregate, while still having a customized allocation tailored to the clients needs. 

How to get there: Orion Connect > Portfolio Audit > Registration > Sleeve Setup > Select the customized checkbox
Model Asset Classification and Validation in Sleeve Strategies

Models in Orion Connect and Eclipse can now establish an asset category, asset class, or risk category. This classification can also be used to restrict the models available in sleeve strategies.  For example, a domestic equity sleeve strategy could restrict available models only to those with the asset class of domestic equity.

How to get there: Eclipse > Strategies > Models > Model Details
Sleeve Portfolio Level Set Aside Cash

Portfolio level set aside cash is now available on sleeved portfolios in Eclipse. This set aside cash can be targeted into the contribution or distribution sleeve. Set aside cash in the contribution sleeve will be protected from a spend cash trade.  Set aside cash on the distribution sleeve will be raised in rebalance, cash needs, and raise cash trades.  Users also have the ability to target the set aside cash pro-rated across all of the sleeves in the portfolio. This will allow users to obtain a client cash protection without needing to disrupt the models themselves.

How to get there: Eclipse > Portfolios > Portfolio Details
Sleeve Suffix in Eclipse

The sleeve suffix has now been added to Eclipse. This will now reverse sync back into Orion Connect to allow all model maintenance features to be maintained in Eclipse. For existing Eclipse clients, we have updated Eclipse models with the sleeve suffix from Orion Connect to avoid any business disruption.

How to get there: Eclipse > Strategies > Models
Sleeve Primary Product Type

We have added the ability to target product types (i.e. Fixed Income, Stock/ETF) into specific sleeves, even if the products are not targeted in the model. This is beneficial for users who want to place all fixed income into one specific sleeve. This process will run when initially sleeving out a registration, or when using the journal only rebalance in Eclipse.

How to get there: Eclipse > Models > Model Details > Primary Product Type
Journal Only Rebalance With Positions

The journal only rebalance will now journal positions back and forth between models.  This will bring the portfolio as close to target as possible without creating any trades.

How to get there: Eclipse > Trade tools > Rebalance > Rebalance type
Sleeve Strategy Focused Rebalance

Users can now run a focused rebalance in Eclipse based on a sleeve strategy.  This way you can 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

April 2021

Tax Harvester and TLH Combined Into Tax Harvesting Tool

There is now one tool for tax harvesting in Eclipse. The first screen will give you the ability to switch between the automated workflow (previously the TLH tool) and the manual workflow (previously the Tax Harvester). This will provide one process regardless of what method is needed for tax harvesting.

How to get there: Eclipse > Trade Tools > Tax Harvesting
Strategies in Eclipse

We updated the left hand sidebar for model related information to be called “Strategies”. Security sets have been moved under the strategies tabs instead of the securities tab. We have also added Sleeve Strategies and Sleeve Strategy Aggregates into Eclipse. Lastly, you can see your Strategies and Aggregates assigned to your portfolios in the portfolios grid.

How to get there: Eclipse > Strategies
Split Block Execution

Eclipse will now be able to split blocks for a cleaner execution. Right click on any block that has not been sent, and you can split it into multiple blocks. This will shut off auto-allocate, so you can allocate any of the blocks that do execute for one average price across all blocks.

How to get there: Eclipse > Trades > Blocks > Right click > Split Blocks
Maximum Set Aside Cash

We have added maximum set aside into Eclipse. This will allow you to exclude cash over what you target set aside cash amount is, if there is excess cash in the account. This way you can protect more cash if it is already available, rather than forcing that cash to be invested on the next rebalance.

How to get there: Eclipse > Accounts > Account Details > Set Aside Cash
Remove Excluded Cash From Managed Value

Set aside and reserve cash will now be removed from your “managed” value and count towards your “excluded” value in Eclipse.  With this change, “managed” will now be anything not excluded (either by cash or positions) in the portfolio, and excluded value will contain any excluded value (from cash or positions).

How to get there: Eclipse > Portfolios > All Portfolios
Eclipse SMA and Orion Connect SMA Separation

Users now have the ability to mark an account as separately managed for Eclipse or Orion Connect, without being required to have them both the same. This provides more flexibility around how you report and trade these types of accounts.

How to get there: Orion Connect > Portfolio Audit > Accounts > Edit account > Separately Managed
Security Target Percentage Added to the Orders Grid

We have added the Security Target Percentage to the orders grid. If a security is an equivalent, or an alternate, it will show the targeted security’s target. If a security is targeted multiple times in the same portfolio, it will show the combined targeted percent for that security.

How to get there: Eclipse > Trades > Orders
Exporting Model and Model Aggregate Grids

We have added the ability to export the models and model aggregates grids into Microsoft Excel.

How to get there: Orion Connect > Models > Actions > Export to Excel
Sleeves in Tactical - Highlighting Account Modifies Model

We have added the ability to review the model information in Eclipse based on the sleeved account you select in the tactical tool.

How to get there: Eclipse > Trade Tools > Tactical Tool

February 2021

TLH and Tax Harvester Saved Views

We have added the ability to create custom views in the Tax Harvesting and TLH tools.  This way, when you go to tax harvest, you can see the exact columns necessary to execute quickly.

How to get there: Orion Connect > Eclipse > Trade Tools > TLH or Tax Harvester
Added Database Prefix to Custodians in Eclipse

We have added the database prefix to custodians in Eclipse for our clients who have multiple Orion Connect databases.  This will allow you to easily distinguish between the different custodians created with the daily import.  Please reach out to our service team if you would like this enabled.

How to get there: Orion Connect > Eclipse > Administrator > Custodians > Custodian Name
Household ID for Wash Sale Group Tracking in Eclipse

We have added the ability to use Household ID as the distinguisher for Wash Sale Groups instead of social security number.  This will allow clients who have different social security numbers, but the same household, to take each other’s transactions into account for wash sales.

How to get there: Orion Connect > Eclipse > Trade Tools
Model Aggregate Permission Import In Custom Imports

We have added the ability to import representative permissions for model aggregates, enabling users to assign representatives to model aggregates in Orion Connect en masse.

How to get there: Orion Connect > Custom Imports > Model Aggregate Permission Import

January 2021

Warning Message in Tactical Tool for Max Gain Amount

A warning message has been added in the tactical tool (in addition to the “under max gain amount” status) to alert the user when they have gone over their max gain amount with the trades they have created.

How to get there: Orion Connect > Eclipse > Trade tools > Tactical Trades
Pro-rata and Random Allocations for Partially Filled Blocks

Users now have the ability to easily allocate partially filled blocks in Eclipse.  Previously users needed to import a new excel document to update allocations, but now this requires just the click of a button. This can be done by using a pro-rated or random allocation method to automatically update all orders in the block. 

How to get there: Orion Connect > Eclipse > Trades > Allocations > Right click > Allocate orders
Dollar Cost Average Set Aside Cash

Users now have the ability to automatically create multiple set aside cash buckets based on a dollar cost average schedule.  Enter two of the three between a total DCA amount, individual tranche amount, or number of tranches to have the system calculate how much needs to be set aside each tranche.

How to get there: Orion Connect > Eclipse > Accounts > Edit account > Add new set aside cash
Representative Name Added to Accounts Grid in Eclipse

The representative name has been added to the accounts grid in Eclipse.

How to get there: Orion Connect > Eclipse > Accounts > All Accounts
Remove Future Auto Rebalances From The Auto Rebalance Dashboard

We have added the ability to show either all portfolios with an auto rebalance or just portfolios with an auto rebalance today on the dashboard.  Simply click the settings popup to establish your database defaults.

How to get there: Orion Connect > Eclipse > Portfolios > Pop-out next to “Set For Auto Rebalance” Dashboard
Year To Date Gain Loss Columns on the Orders Grid

We have added a column for the portfolio’s year to date gain loss on the orders grid, as well as the post trade year to date gain loss.  We have also added the max gain amount on the orders grid,  giving users the ability to review the gain loss situation on a portfolio en masse when creating several orders.

How to get there: Orion Connect > Eclipse > Trades > Orders

December 2020

Alternate Minimum Transaction Amount

Users will now have the ability to add a minimum transaction amount and minimum initial buy amount by taxable alternate security. Previously, there was no option for doing this on a security set basis.

How to get there: Orion Connect > Eclipse > Security set maintenance > New > Alternates
Sleeve Strategy Information in Sleeve Setup

Sleeve strategies will now be grouped into dropdowns when a sleeve strategy aggregate is assigned to a registration, allowing users to see which strategy a specific model is tied into.

How to get there: Orion Connect > Portfolio Audit > Registrations > Sleeve Setup
Preferences Search Bar

A new search bar has been added to the preferences section so you can easily search through and find what needs to be edited. 

How to get there: Orion Connect > Eclipse > Administrator > Preferences
Account Trading Instructions

An “Account Trading Instructions” column has been added to the accounts grid, enabling so users to more easily find key details tied to account trading activity.  

How to get there: Orion Connect > Eclipse > Accounts > All Accounts

November 2020

“Transfer" Now Called "Journal" in Eclipse

To match the terminology used in Eclipse with that which is used in Orion Connect, “Transfers” will now be called “Journals” within Eclipse.

How to get there: Orion Connect > Eclipse > Trades > Orders
Add Views To Security Set Grid

Now, when you navigate to the security set grid in Eclipse, you are able to set a view and save it as a public or private grid or set it as a default view.

How to get there: Orion Connect > Eclipse > Securities > Security Sets Maintenance
Edit Trading Instructions In The Tactical Tool

To allow you to edit instructions ad-hoc as trades are created, we’ve created the ability to edit trading instructions in the Tactical Tool.  

How to get there: Orion Connect > Eclipse > Trade Tools > Tactical Tool
Turn Off Auto Rebalance In Eclipse

There is now a preference you can set at the firm, team, model, or portfolio level called “Auto-Rebalance Create Trades Automatically.” This new preference enables your firm to determine if you want the portfolio to automatically create trades, or just show those potential trades on the dashboard. 

How to get there: Orion Connect > Eclipse > Administrator > Preferences
"Ignore Unassigned Portfolios" Option Added to "Cash Need / TLH" Dashboard Filter

To enable you to filter out Cash Needs or TLH for Portfolios that are not assigned to a Model, when you now click on the “Cash Needs / TLH Dashboard Settings” icon, you will see an option for “Ignore Portfolios With No Model.”

How to get there: Orion Connect > Eclipse > Portfolio Dashboard
Popup Individual Windows in Tactical Tool

Quickly pop out windows and edit details more easily with the new “expand” options within three tactical tool grids: Model Tolerance, Account and Cash details, and Holding and Trade Details

How to get there: Orion Connect > Eclipse > Trade Tools > Tactical Tool
Assign Model Aggregates And Management Styles To Contribution, Distribution, And Custodial Sleeves

We have added the ability to assign a model aggregate or management style to contribution, distribution, or custodial sleeves.  This can be done through a sleeve strategy or sleeve strategy aggregates, in addition to a one-off custom strategy.  The sleeve import, sleeve strategy import, and sleeve strategy aggregate imports have also been updated, so be sure to review those articles in support.

How to get there: Orion Connect > Portfolio Audit > Sleeve Setup > “Show hidden rows”

October 2020

New Warning Message in Raise Cash Tool

Within Eclipse, a new warning message in the raise cash tool will now appear any time the amount to raise is greater than the sleeve account’s actual value. That way, you will always know why the system did not raise the full cash amount.

How to get there: Orion Connect > Eclipse >  Raise Cash Tool
Portfolio Tolerance Now Based on Review Level

With this update, when you review a portfolio’s tolerance in Eclipse, it will be based on the review level rather than the rebalance level to help you more accurately review portfolios.  This is an update to all portfolio grid icons and columns.

How to  get there: Orion Connect > Eclipse > Portfolios
Updated Eclipse Sidebar

In an effort to update all existing sidebars throughout Orion Connect to be consistent and modernized, we have combined several tabs on the existing sidebar and added dropdown prompts where appropriate.

How to  get there: Orion Connect > Eclipse
Sleeved Accounts Now Set to “Trade Blocked” if Registration is set to “Do Not Trade”

With this update, when a Sleeved Registration is set to “Do Not Trade” then all of the sleeved accounts in that Registration will be marked as “Do Not Trade”.  This option on the Account Level will be set to “Read Only” when the registration is set to “Do Not Trade” and cannot be edited on the Sleeved Account Level.

How to  get there: Orion Connect > Eclipse > Sleeve Setup
Client Risk vs. Sleeve Strategy Risk Comparison Tool

Understanding the efficacy of an investment strategy within the context of a client’s unique situation is core to the value an advisor provides. To help increase this value, we have added the ability to see a client’s risk score in sleeve setup as well as the ability to see the sleeve strategies risk score. This will allow you to analyze the risk of a strategy vs. the client’s risk score prior to moving forward with that strategy.

How to  get there: Orion Connect > Eclipse > Sleeve Setup
"Disallow Sells Within X Number of Days Of Going From STG To LTG" Now Available at the Model Level

With this release, the setting “Disallow Sells Within X Number of Days Of Going From STG To LTG” is copied from the firm level to the model level, enabling you to set this preference on individual models.

How to  get there: Orion Connect > Eclipse > Administrator > Preferences > Models
Use Model Approval Preference When Importing Models

To give your firm expanding preference options, model imports can now be set to “Pending Approval” or “Approved” once they are imported. That way, if you set your model approval settings to “Require Approval” then all models will be marked, “Pending Approval” upon import. Conversely, if you set your model approval settings to “Not Require Approval” then the models will be marked as “Approved” upon import.

How to  get there: Orion Connect > Eclipse > Models > Model Import
Journal Excess Cash for Sleeved Portfolios When Raising Cash

Within Eclipse, your sleeved portfolios now have the ability to journal all excess cash across sleeves prior to creating any trades.  This way you reduce the number of trades when the distribution percentage may add more trading costs.

How to get there: Orion Connect > Eclipse >  Raise Cash Tool

September 2020

Latest Communities Strategist: Fidelity Institutional 

As a reminder, Fidelity Institutional recently made its core lineup of strategies available through Communities. Eight new investment strategies and a themed, separately managed account (SMA) join Orion’s Global lineup, comprising:

  • Fidelity Sector Equity Business Cycle (I) Model Portfolio
  • Fidelity Multi-Asset Business Cycle (I) Model Portfolio
  • Fidelity Bond Income (I) Model Portfolio
  • Fidelity Target Allocation 20/80 (I) Model Portfolio
  • Fidelity Target Allocation 40/60 (I) Model Portfolio
  • Fidelity Target Allocation 60/40 (I) Model Portfolio
  • Fidelity Target Allocation 70/30 (I) Model Portfolio
  • Fidelity Target Allocation 85/15 (I) Model Portfolio
  • Fidelity Advisor Women’s Leadership SMA
  • Single Ticker – Fidelity Select Gold Portfolio (FSAGX)

Register for our Webinar on Monday, October 12th to learn more. 

How to learn more: Register for our Webinar on Monday, October 12th
Filter By Days Within Grids

Within Eclipse, we have added the ability for you to filter grids by a custom number of days after the current date. For example, if you want to see the portfolios created for the next seven days, you can now add a filter that shows portfolios created within 7 days. 

How to get there: Orion Connect > Eclipse > Accounts (or any other grid) > All Accounts > Filters
Link to Systematics on an Account from Orion Connect

To help you more easily navigate to a specific account’s systematics, we have added a “View Account’s Systematics” button to these three locations:

  1. Eclipse > Accounts > Edit Account > Three dot
  2. Eclipse > Accounts > View account > Three dot
  3. Eclipse > Accounts > All Accounts > Highlight 1 account (right click or three dot)

Each of these links will take you  to the Systematics screen within Portfolio Audit, without the need to login.

 

How to get there: Orion Connect > Eclipse > Accounts > All Accounts
Sleeve Strategy Dropdown Search

We have enhanced the sleeve strategy selection option so that now, rather than being a simple drop down selection, it is a search bar. This allows you to quickly search for different strategies and find the sleeves strategies you need. 

 

 

How to get there: Orion Connect > Portfolio audit > reg level > Right click > Sleeve setup > The strategy dropdown
Targeted Securities use Pro-Rata Logic

We have updated the logic when a security is targeted (or an alternate) in two different sections of an Eclipse model to start using the Multiple Target Distribution Method.  This logic will now either use most underweight (previously used) or Pro-Rata based on the preference setting.

How to get there: Eclipse > Administrator > Preferences
MAC Securities Have a Target in the Tactical Tool

We have updated the logic for MAC securities to now have a targeted percentage in the tactical tool at the security set and security level.  The security sets and securities will now reduce their target based on the MAC node. 

 

How to get there: Eclipse > Trade Tools > Tactical Tool
Process Multiple Instances

To improve efficiency, we added the ability to process multiple instances at one time in the Eclipse trade order management process.

How to get there: Eclipse > Trades > Instances

August 2020

New “Expand” Option in the Tactical Tools Grid

Quickly pop out of windows and edit details more easily with the new option to expand the tactical tools grid. Expanded grids will still update real time when items are added/removed and can be collapsed as needed.

Orion Connect > Eclipse > Trade Tools > Tactical Trade Tool
Improved Team Model Imports

To help your team import models more easily, we made two updates that improve this process:

  • Import Team Assignments on Security Sets: You can now update assignments across your team with the new ability to import team assignments. Exporting the security set will only show the team ID’s that the user has access to and will only affect the teams the user has access to. If a user only has access to “view” the security set, then importing will not be possible.
  • Team ID Column Added to Model Import: We have added the Team ID column to the model import. Importing models with the Team ID will assign the teams on the file, and unassign all that are not on the file.
Orion Connect > Eclipse > Models > Model Import
Remove Disabled Restricted Plan Trades

Currently any time a rebalance or other trade tool is ran, buys in restricted plan accounts are set to zero value.  Now, you can ignore  zero quantity “restricted plan” trades on the orders grid and avoid needing to delete them manually.

Orion Connect > Eclipse
Allow Negative Cash in Tactical Rebalancer

Now, you have the ability to determine how much cash to protect in the tactical rebalance, allowing the account to go negative or keep all existing cash, depending on the best scenario for your trade. If you do not use the “rebalance cash” option, then the system will attempt to raise cash back up to target at the end of the rebalance.

Orion Connect > Eclipse > Models > View a model > Tactical Rebalance
Group Portfolios by Team in Zip Folder

You can now group portfolios by the Primary Team Name in the folder export for the trade analysis report, enabling you to easily sort and navigate the reports exported. When multiple trade analysis reports are exported, you can add sub folders using the Primary Team name assigned to the portfolios.

Orion Connect > Eclipse > Trades > Orders > Three dot > Report > Trade Analysis
Accrued Interest Value Added to Eclipse

With this release, we have implemented a way for you to trade based on accrued interest in Eclipse. To do so, the Eclipse Extract will now find the value of accrued interest and add shares into the position to increase its value in Eclipse to include accrued interest.

To enable this feature, contact: trading@orion.com.

Orion Connect > Eclipse > Start new import
Retrieve Billing Reports from Communities

Now, strategists can retrieve billing recon reports from the application enabling them to efficiently access reports and ensure their payout matches those reports.

Orion Connect > Communities > Menu > Billing
New Communities Strategist: Fidelity Institutional

Fidelity Institutional has made its core lineup of strategies available through Communities. Eight new investment strategies and a themed, separately managed account (SMA) join Orion’s Global lineup, comprising:

  • Fidelity Sector Equity Business Cycle (I) Model Portfolio
  • Fidelity Multi-Asset Business Cycle (I) Model Portfolio
  • Fidelity Bond Income (I) Model Portfolio
  • Fidelity Target Allocation 20/80 (I) Model Portfolio
  • Fidelity Target Allocation 40/60 (I) Model Portfolio
  • Fidelity Target Allocation 60/40 (I) Model Portfolio
  • Fidelity Target Allocation 70/30 (I) Model Portfolio
  • Fidelity Target Allocation 85/15 (I) Model Portfolio
  • Fidelity Advisor Women’s Leadership SMA
  • Single Ticker – Fidelity Select Gold Portfolio (FSAGX)
New Orion Connect Home Page Dashboard

As you probably know, we have reimagined the Orion Connect Home Page so that it surfaces the details that matter most to you—decided by you—so you can prioritize your day-to-day appropriately. We are excited to announce that the new Homepage will be available to all Orion firms on August 31st. To learn more about the redesign, check our landing page.

To get started, simply enable the new homepage or, for more guided help, reach out to our Platform Support team using “Contact Us’ on your current home page or call 888-279-8447.

July 2020

Unassign Models Through Eclipse Imports

To eliminate any duplicative work, we’ve allowed Eclipse users to use the import to unassign models in Eclipse from single account portfolios, so you don’t have to unassign in both Orion Connect and Eclipse. Now, when a model is assigned to an account in Orion Connect, the assignment will sync into Eclipse upon the next import. If the account does not have a model assigned, or if the model is removed, it will unassign the model in Eclipse on the next full import. This only applies to portfolios with one account.

Orion Connect > Eclipse
Edit Set-Aside Cash and Preferences in the Tactical Trade Tool

As an Eclipse User, you now have the ability to edit set-aside cash inside of the tactical tool, so you can quickly adjust allocations and work through your changes. When you right click on an account, you will see the “edit set aside cash” and “edit preferences” options, and the set aside cash modal display with all existing set aside cash for you to edit.

Orion Connect > Eclipse > Portfolios > Highlight portfolios > Load into tactical > Right click on account
New Names for Three Mandate UMA Diversification Process

Sound investment strategy is key to long-term financial success. But your investment process is only useful if clients can understand it, and ultimately, adhere to it. That’s why we rebranded our three-mandate UMA diversification process to Market Cycle Mandates, placing greater upfront transparency into the core driver of diversification—the mandates.

In addition to a new name, the mandates have been renamed to better represent the associated investment strategies within each category.

Orion Connect>TOM>Communities
New Automated Risk Scoring

We believe investors who are placed in portfolios appropriate to their individual risk tolerances and market participation attitudes are more likely to stay invested, and ultimately, more likely to reach their long-term financial goals. To that end, we’re announcing several new enhancements to our investment risk scoring methodology: a simplified client risk assessment, updated investment risk scoring, and refined risk band categorizations. Click here for a complete overview of our new risk methodology.

Further Insight Delivered via the Trade History Tile

Now, through the Trade History tile an advisor can view the last ten trading activities a model-manger has submitted within Orion Communities. Additionally, you can drill down further to gain additional clarity via the “View Commentary” field, to see additional comments from the strategists on why changes were made, helping you validate if their decision-making aligns with your firm’s overall investment strategy.

Orion Connect>Communities>Model Details >Trade History
New Asset Allocation History Tile

As the market fluctuates, so will a money manager’s decisions on how model assets should be allocated. This new tile will show you all the ways a strategist’s assets have changed and the associated performance within the last five years. You’ll be able to view this data by asset category or by asset class. Viewing this tile, in conjunction with the newly enhanced “Trade History” tile, will paint a broader picture of strategist’s overall trade activity.

Orion Connect>TOM>Communities>Model Details >Current Allocation

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