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August 2019 - What's New in Advisor View

Contents

Security

Manage Trusted Devices and Force SMS authentication for Firm Users

Reporting

Greater Flexibility for Dates, Zero Value Positions, and Partial Period Returns on the Committed Capital Report

Integrations

Clearer Schwab OpenView Gateway® Error Messaging

Add the AdvisorStream News Feed to Your Reporting Dashboard

Learn More - Watch the Release Video

 

Security

Manage Trusted Devices and Force SMS authentication for Firm Users

Note

These features are available only for internal firm use. They do not apply to how your clients log in to the client portal.

We know that maintaining data security is a top priority, and we already support enhanced login security by offering dual factor authentication (DFA) with the choice of challenge questions or SMS authentication. For added convenience, when your firm enables DFA, users at your firm can designate trusted devices that don't require DFA after the first login.

Now Tamarac offers more granular control to firms that want to manage the dual factor authentication options available to users in your firm. Administrators can determine whether firm users:

With these changes, firm administrators maintain complete control over which, if any, of the DFA options users in their firm use.

Example

Cherry Street Financial wants users in their firm to use an SMS code, rather than challenge questions, on initial login. But they also want to allow authenticated users to speed up the login process by allowing users to designate trusted devices. Your firm administrator can opt to require SMS, but also enable trusted devices.

All DFA functionality remains the same if you select Require additional authentication when signing in without selecting either of the new options. For more information about DFA options, see Require Challenge Questions or Mobile Phone Codes to Sign In (Dual Factor Authentication).

Notes

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Reporting

Greater Flexibility for Dates, Zero Value Positions, and Partial Period Returns on the Committed Capital Report

If a client has committed capital to a venture capital fund, you can track the payment information in the Committed Capital report. To enhance the flexibility and control you have when reporting on committed capital, we added and updated a few Committed Capital report settings.

> Review Historical Committed Capital Holdings

We've added the As of Date to the dynamic report so you can evaluate an account or group on any past date, rather than just on the enterprise as-of date.

By default, the report sets the As of Date to Last Market Close for existing report views and to the first date alphabetically for new report views.

> Track and Display Zero Value Positions

Two new settings provide you with greater control over how the dynamic and PDF versions of the Committed Capital report displays committed capital securities that have zero value:

> Manage Partial Period Return Indicators

Two settings you might recognize from other PDF report templates help you enhance transparency around how returns are calculated:

> Greater Data Label Consistency

To make the Tamarac platform overall easier to use, we brought more consistent data labels to the Committed Capital report, including renaming contributions and withdrawals to inflows and outflows. For more information on standardized data labeling, see December 2018 - What's New in Advisor View.

With these new settings, rest assured that your existing Committed Capital reports will continue to display data as you expect. New settings default to options that keep your reports the same, and you can choose to enable the new settings at your discretion.

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Integrations

Clearer Schwab OpenView Gateway® Error Messaging

If you use the Schwab OpenView Gateway® integration, you may find it difficult to troubleshoot when your Schwab username and One Time Password (OTP) don't work or when you see errors using digital account opening to start new forms in Schwab.

We've enhanced messaging around OTP login errors in the following ways:

We also enhanced messaging around digital account opening errors in the following ways:

For more information on features available with the Schwab OpenView Gateway integration, see Schwab OpenView Gateway Integration.

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Add the AdvisorStream News Feed to Your Reporting Dashboard

Tamarac has partnered with AdvisorStream to provide you with a dedicated feed of industry news, practice management, research, white papers, and CE credit resources available directly on the Reporting dashboard through the Custom Web Page widget.

Powered by AdvisorStream Connect, this new service gives you one-click access to daily content from industry-leading publications including ThinkAdvisor, InvestmentNews, Bloomberg, Financial-Planning.com, and RIABiz.

Learn More >>

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Learn More - Watch the Release Video

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