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April 2022 - What's New in Advisor View
In previous recent releases, we added features to the Position Performance report to expand the ways you can analyze the positions and categories within your clients' portfolios. In keeping with this effort, we're adding an Annualize returns option to the report in this release.
This setting allows you to annualize contribution and return data for deeper attribution analysis over long periods of time. With this option, you can better examine positions across multiple years and analyze long-term performance.
You can use Annualize returns on both the dynamic and PDF versions of the Position Performance report.
For those of you who use the sleeve reporting feature, and as we roll out more features to integrate managed accounts into Tamarac, we wanted to give you tools to help you better differentiate sleeve accounts from other accounts and more closely align how sleeve accounts actually function. That's why we updated the Find Data For search tool in your reports with these features:
Sleeves are now segregated from other individual accounts in a separate Sleeves tab. This prevents confusion since these sleeves aren't themselves singular accounts.
UMA accounts, which can be made of up of sleeves, will show as individual accounts in Find Data For.
When you view the Sleeves tab, the parent account expands to show all underlying sleeves, allowing you to find and select the right sleeve you want to view.
We heard your feedback that you wanted better options on how accounts display throughout Tamarac. As a result, we updated the Account Display Configuration options found in System Settings.
Account Display Configuration allows you to select which attributes you want to see for each account and arrange them in whatever order your firm prefers. Previously, you could only include up to three attributes to be shown for each account. We heard that some of you wanted additional details to help differentiate accounts. To help those firms, we updated Account Display configuration to allow you to select up to every available option while still being able to rearrange these attributes in a custom order. This give you an additional way to customize how your accounts appear and can help you differentiate between accounts that look similar.
With new compliance reporting features we previously introduced, we understand that you might want additional tools to help you quickly audit the information needed for compliance reporting. We're introducing new settings the Household Members bulk report that allow you to do that.
With these settings, you can choose which members you want to see in this bulk report. The Compliance ADV Report is based on Household membership, and both groups and individual accounts can be members of Households. In these cases, you might not want to see group membership as they won't pertain to compliance reporting. With these settings you can decide which members you want to see:
Include Direct Members Only.This option lets you see all direct members within the Households, which can include single accounts or groups.
Include Single Account Only.This option shows you only the individual members of a Household, including the underlying individual members of direct member groups.
Part of our ongoing effort to improve the speed and reliability of the Tamarac Platform includes a number of enhancements under the hood. This table highlights improvement made since our last release:
| Improvement Made | Type of Improvement |
|---|---|
| We upgraded the framework and processing on servers that provide the data service for Tamarac Reporting. With this update, we calculated improved performance for data calculations by 15 to 20% on average. This update speeds up data processing for Tamarac Reporting users and lets you see data calculations faster. | Code/Database |
| We're continuing to develop and implement sync optimization by changing how data during the export stage of the sync process is distributed. For very large firms, this export portion of the sync process can take half of the time needed to complete a sync. Early indications from one firm indicate a reduction in time by about 58%. This optimization of the sync process will be rolled out to very large firms in coming months and will shorten overall sync time. | Code/Database |
| As we continue to offer improvements to PortfolioCenter, we implemented an improvement to PortfolioCenter processing to potentially reduce the time needed to process. Our internal teams have reported some cases of drastic improvement, from 5 hours of processing time down to 20 for very large firms with large data processing needs. This improvement allows firms to access their data earlier. | PortfolioCenter |
| For those firms who use our integration with Yodlee, we updated our integration to improve the speed that users can access real-time data. With this improvement, we improved the reliability and speed of pricing data and improved real-time pricing, giving users access to the most up-to-date pricing. | Yodlee Integration |
| For clients who use ByAllAccounts to aggregate client data, we've improved how this data is processed. We added a tool that retrieves data from ByAllAccounts using an API rather than the previous process. This tool improves speed for some firms, especially for firms with large numbers of accounts to process. Very large firms can experience as much as a 30 minute reduction in processing time as a result, allowing your firm to potentially access your data earlier each morning. | ByAllAccounts Integration |
