Contents
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New Pershing NetX360 Trade File Now Available Refresh Advisor Rebalancing Data from Accounts Page in Advisor View |
New Pershing NetX360 Trade File Now Available
We've added a new trade file, the Pershing NetX360 mixed trade file. This trade file gives you an additional option for trading equities and mutual funds.
You can enable this trade file on the Rebalancing System Settings page, under Trade File Settings. Once enabled, you can choose this new trade file on the Account Settings panel for the account or group, under the Account Configuration panel.
Refresh Advisor Rebalancing Data from Accounts Page in Advisor View
For those of you with both Tamarac Reporting and Tamarac Trading, you can now experience substantial time savings by refreshing Tamarac Trading data for individual accounts without running an Tamarac Reporting sync. Instead of making changes to a few accounts in Tamarac Reporting and then running a sync on all data, which can be time consuming, you can now make changes to specific accounts and use Sync Trading Data in the Actions menu to manually sync just the selected accounts.
Learn More - Watch the Release Video
PLACEHOLDER
Rebalances & Trades
Account Notes Now in Tamarac Trading
Managing your clients' portfolios can come with a lot of documentation. Between documenting your client's investment preferences, notes you've gathered from meeting with or speaking to your clients, special circumstances, and compliance issues, there can be lots of reasons why you'd want to add documentation to clients' accounts. In addition, you'd want that documentation to be viewable by multiple people, and easily reportable for compliance reasons.
With this in mind, we've added the notes feature to accounts in Tamarac Trading. Notes can be any kind of text documentation you want to add to accounts or groups. Notes are time and date stamped, and also show which user added them. This allows you to add and view text documentation to any account or group within Tamarac Trading for reasons such as these:
- Document notes from a meeting with your client
- State the reasons for a trade or document clients' trading and investing preferences
- Document the reason for an account settings change
> Where to Find Account Notes
You can view, add, and export notes in any accounts using the notes icon.
This account or group does not have notes. This account or group has notes.
These icons can be found on the account settings panel for the account or group, as well as in the optional Notes column on the Accounts, Rebalance, Rebalance Review, Trades on Hold, and Trade List pages. You can also find these icons on the Rebalance Summary and Trade Summary for accounts and groups.
Click on these icons to view notes or add notes to the account or group. In addition, you can provide a Note Type. This allows you to classify notes into categories.
> Trading Notes
You might want to classify certain notes as trading notes. These notes behave like other notes, however you must specify an expiration date for trading notes. Before that note passes its expiration date, you'll receive a heads-up notification on the Rebalance Review and Trade List pages, as well as on the Trade Summary and Rebalance Summary reports, altering you that there are currents notes you might want to review. This allows you to add documentation to trades that won't be missed.
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> Bulk Reports
In addition to viewing account notes in individual accounts, you can also use the Account Notes bulk report to view account notes for all accounts and groups or for a selected number of accounts and groups. This allows you to see a historical record of the notes and note types within accounts and groups in a single report.
> Dashboard Report
Account notes can be used to document client meetings, special circumstances, and other considerations, so having a way to view new account notes across accounts can give you an at-a-glance view of what's going on in your clients' accounts. The new account notes dashboard report is an easy way to do just that. You can use this as a tool to view recent notes within clients' accounts. You can set the date period for which notes will appear, as well as limit the types of notes you want to see.
Learn More >>
New Pershing NetX360 Trade File Now Available
We've added a new trade file, the Pershing NetX360 mixed trade file. This trade file gives you an additional option for trading equities and mutual funds.
You can enable this trade file on the Rebalancing System Settings page, under Trade File Settings. Once enabled, you can choose this new trade file on the Account Settings panel for the account or group, under the Account Configuration panel.
Customize the Trade Summary With Grouping and Subtotaled Values
The Trade Summary is a powerful tool you can use during the trade approval process. The Trade Summary page lists the individual trades within an account or group, and also lists account information, cash information, and other details you need to see before approving trades in your clients' accounts. Now, we've improved the Trade Summary to make it easier for you to see the details you want to see by using grouping and subtotaling.
First, you can group the Trade Summary by up to three levels of criteria. When you group by a particular column—for example, the Action column—all the trades with the same Action will be grouped together, allowing you to see, at a glance, which trades are buys and which trades are sells.
INSERT IMAGE, PERHAPS EVEN SEVERAL IMAGES WITH ONE, TWO, AND THREE LEVELS OF GROUPING
You can group by these columns:
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Account Name
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Account Number
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Account Type
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Action
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Alternate Security Set
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Asset Location Preference
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Categories 1-20 (dynamic)
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Custodian
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Security Level Model
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Symbol
Note
These options will be available for grouping even if they aren't currently visible on the Trade Summary.
In addition, you can subtotal values within the grouping you create by selecting the Show subtotals option. When selected, this option will calculate the subtotal for the grouping you're viewing to let you see, at a glance, the total values for these groups. If you decide to group by different criteria, and leave Show subtotals selected, your subtotal values will update based on how you've grouped the page.
The following columns can show subtotaled values when this option is selected:
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To group and show subtotals on the Trade Summary, select the Choose columns button (
). Then, under Display Options, select your grouping and subtotaling preferences.
Refresh Tamarac Trading Data From the Accounts Page
For those of you with both Tamarac Trading and Tamarac Reporting, you can now experience substantial time savings by refreshing Tamarac Trading data for individual accounts. Instead of making changes to accounts and then running a time-consuming sync, you can now make changes to specific accounts and use Sync Advisor Rebalancing Data in the Actions list on the Accounts page to manually sync just the selected accounts.
Integrations
Submit Trades Directly to Schwab Advisor Center®
As we continue to improve Tamarac with deeper integration between the trading and reporting areas, as well as with third parties, we're pleased to announce that Tamarac now supports direct trading with Schwab Intelligent Integration.
With this integration, you can directly sign in to Schwab Advisor Center through Tamarac, without having to enter our credentials. You can also submit trades directly to Schwab. There's no need to download and then manually upload your trade files because Tamarac Trading will automatically upload them to Schwab Advisor Center® for you.
To send the files directly to Schwab Advisor Center, simply select the Send Schwab trade files to Schwab Advisor Center check box on the Trade Actions dialog. Once selected, Tamarac Trading will let you know if the files were uploaded successfully. You can also click the Open Schwab Advisor Center link to quickly sign into Schwab Advisor Center.
Before you can take advantage of Schwab Intelligent Integration, please contact Account Management at TamaracAM@envestnet.com to enable this functionality for your firm.
Submit Trades Directly to TD Ameritrade Institutional - DEFERRED
As we continue to expand the integration capabilities of Tamarac Trading, we're pleased to announce integration with TD Ameritrade Institutional. You can now submit trades directly using TD Ameritrade Institutional's Veo, bypassing the need to download and submit your own trade files. If you currently use TD Ameritrade Institutional, this can save you time and effort.
When you first enable this integration, Advisor Rebalancing will ask you to enter your TD Ameritrade Institutional Veo credentials. Then, on the Trade Actions window, you'll be able to send trades directly to TD Ameritrade Institutional using the Send Veo® trade files to TD Ameritrade Institutional's Veo® platform option.
Your default trading actions, including the option to send trade files directly to TD Ameritrade Institutional's Veo by default, can be set in the Default Trade Actions section of the Rebalancing System Settings page.
After submitting your trades, you can download your trade files for record keeping and reconciliation, but you won't need to submit these files to TD Ameritrade Institutional.
If you are also a Tamarac Reporting user and already have an established integration with TD Ameritrade Institutional's Veo, you shouldn't need to take further action to enable this feature. Otherwise, contact Tamarac Account Management at TamaracAM@envestnet.com.
Note
VSP trading is not available with this integration. If you are blocking your trades, download the allocation file and import it into Veo.
Saved Searches
New Rebalancing Group Search Filter Now Available
Saved searches are a powerful way for you to identify accounts throughout Tamarac Trading. You can use search filters as your search criteria to narrow down a list of accounts, groups, and other entities to just those that fit your filters. After unifying the trading and reporting features in Tamarac, we saw there was a need to find groups that have been enabled for rebalancing, rather than searching for all groups.
To accommodate this, the Rebalancing Group search filter is now available. This filter searches within groups and returns accounts that are either part of or not part of a group enabled for rebalancing.
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Note
If a group is enabled for rebalancing, the Allow Rebalancing option is selected in the groups account settings panel.
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Added Today Search Filter Removed to Avoid Confusion
Saved searches are a powerful way for you to identify accounts throughout Tamarac Trading. You can use search filters as your search criteria to narrow down a list of accounts, groups, and other entities to just those that fit your filters. After unifying the trading and reporting features in Tamarac, we saw there was overlap in some search filters.
One of those overlap areas was the Added Today search filter, which appeared only in the trading portion of our software. It doesn't make sense to have two search filters available that find the exact same criteria. As of this release, we've removed the Added Today search filter. Instead, you can use the Account Created search filter to accomplish the same thing. You can also broaden the scope of this search filter to include a specific date range, a specific number of days, and more.
Saved Search Lists Expanded
The Saved Search lists available throughout Tamarac can be a powerful tool to narrow down the results you see on the page. Now, for pages found in the Rebalance & Trade menu—such as the Rebalance and Trade List pages—you can use apply the Holding, Account & Group, and Group saved search types, in addition to the account search type already available. This means that can more narrowly define your saved search criteria on these pages to also include searches for account holdings and groups.
The Saved Search list groups your saved searches by type as well as by whether that saved search is individual to you or shared by one of your colleagues.
All Tamarac Trading Search Filters Now Available in Account Set Saved Searches
Account set saved searches help you locate an account or multiple accounts to add to an account set based on your custom criteria. This is done through saved search filters that can update account sets dynamically. Now, all saved search filters used to find Tamarac Trading criteria are now available in account set saved searches on the User Management page.
Usability
Expanded Select All Functionality
When you have to take action on many records—whether accounts, clients, Households, securities, or documents—Select All makes your life easier. With this release, instead of selecting only one page at a time, directly clicking the Select All check box includes all the available records.
Additionally, you'll notice the following improvements:
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Select all records, then clear some selections to exclude a few records from the selected list.
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Easy to interpret selection count gives you a quick check for whether the right accounts are selected.
Save Confirmation No Longer Blocks Menu Bar
We work hard to enhance your productivity. That's why we moved the save confirmation bar to below the menu. Now you can complete one task and immediately jump into the next one without having to pause and wait for the save confirmation to clear.
TIP
You can always clear messages by clicking anywhere in the message bar.
Product Security
Improved Session Timeout Security
As part of our effort to continually improve data security, when a session times out, the user is automatically logged out and redirected to the login page. This ensures that your data remains secure and protected even if a user walks away without logging out.
If you already have custom timeouts set, those will remain unchanged.To set a custom session timeout duration, contact your Tamarac Service Team.