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December 2018 - What's New in Advisor View
New Report: Summary by Category ReportWe are excited to introduce our newest performance report: the Summary by Category report. This new report aggregates performance, holdings, and transactions data to provide details about how an account or group achieved the reported returns at the category level.
The report helps you answer questions such as:
How did an account's holdings change during this period?
How did managed assets perform, compared to unmanaged assets?
Can I show clients more detail than the Summary Report shows?
When you use the Summary by Category report, the following features will help you get to your data efficiently:
Category-level reporting. See performance, transaction, and holdings results at the category level, with available column ordering.
This report respects account-level category overrides. For more information about category overrides, see Maintaining Accounts: The Category Overrides Page.
One date period. Unlike the Summary report, the Summary by Category report applies to only one date period.
Account total column.In addition to category results, you can see totals for each data point.
Flexible data points. Select specific rows to display and compare categories side by side for the set date period. Available rows include flows, returns, start and end values, capital appreciation, income and expenses, category and account benchmark, and more.
Customize the Look. Use sub-headings, dividers, and blank white rows to create separate sections and draw attention to the most important data points, such as net investment gain or return numbers.
You can change the name of many rows. For more information, see Available/Selected Rows.
Show managed and unmanaged assets. Display managed, unmanaged, and total asset summary statistics side by side.
This report is available as a dynamic report, a PDF report template, or on the client portal as a client view report. You can also export the dynamic report to CSV.
Position Performance Report ImprovementsThe Position Performance report is often used in conjunction with other performance reports to see the impact of individual securities within the larger context of overall portfolio performance. But until now, it's not always been easy to correlate individual security behavior with trends displayed on other reports. We've standardized and expanded the dynamic Position Performance report data fields to help resolve this issue.
Dynamic report changes include the following:
Separate Line Items For Each Holding Period. To make comparing holding periods between reports easier, we've split each holding period into a separate line item on the dynamic Position Performance report, just like on the PDF version of the report.
Security custom fields. We know how useful security custom fields are for displaying descriptive features of securities such as rating, market cap, or liquidity. That's why we've made them available on the dynamic Position Performance report. You'll find security custom fields among the available data points in the Available/Selected columns list.
New Dynamic Report Settings. The following report settings that were previously available only on the PDF report are now also available on the dynamic report, allowing you to toggle them on and off as desired:
In Advisor View, you can set the order in which reports display security categories. For example, when you sort by asset class on the Holdings report, the report displays asset classes held in that account or group in the order you set. This allows you to organize categories on reports according to firm standards and create a consistent and cohesive reporting package.
In a previous release, we adjusted this feature on the asset allocation over time chart. We heard your comments about this change, and we've put the category sorting back the way it was for the asset allocation over time chart. Now you can control the category order on both the dynamic and PDF versions of the report by setting the category sort order, bringing that important firm-wide consistency to another part of your reporting package.
We know you like having the option to set your Asset Allocation pie charts to display a gradient or a donut chart. That's why we've expanded these features to the Bond Analysis report pie chart. Now you can create Bond Analysis pie charts that have the same formatting as Asset Allocation pie charts, enhancing your PDF reports with consistent branding across all pages.
New settings available on the Bond Analysis report are:
Configure colors for all charts in the site theme.
We've made data labels more consistent on reports across the board. While your results will remain the same, you'll find it easier to compare data across reports with these standard naming conventions. These changes include:
Renamed Columns. We've renamed some of the existing columns in the available/selected list. The renamed columns are:
| Old Name | New Name |
|---|---|
| Net Contributions |
Net Flows |
| Additions/Purchases | Inflows |
| Contributions | Inflows |
| Withdrawals/Sales | Outflows |
| Withdrawals | Outflows |
Reports currently using one of these columns will continue to display the existing column name. For example, if you include Net Contributions now, after the release your report column will still say Net Contributions, but it will report net flows.
Standardized meanings for Missing Return indicators. On reports, you may have noticed that some cells were marked with n/a, -, or left blank. Now, when you see those missing return indicators in a report row, they always mean the following:
| Display | What it means |
|---|---|
|
n/a |
|
|
- |
|
|
0 |
|
On some reports, such as the Account Performance report, you may also notice some rows aren't displayed. This occurs when all data for the row are n/a, -, or there are no data.
You may also see a row dropped if it doesn't have any child rows. For example, if you're displaying rows by account and one account doesn't have data for the date periods selected, that account would not be displayed.
We've updated the Account Performance report to make it easier to find and interpret account and group performance results. These changes include:
When you report managed and unmanaged assets separately, the Managed Assets and Unmanaged Assets labels have been moved to more clearly indicate what they apply to.
It's easier to differentiate account value data from return data. Now there's just one vertical dividing line between values and returns.
To maintain consistency, when you choose to report net investment gains, dollar values no longer display dollar signs.
You'll also notice the following additional enhancements:
We've renamed the setting where you choose to show net investment gain or returns, and on reports you'll notice the column names have been updated to match. This change makes it easier to know what the setting does and matches naming conventions in other reports.
When you select Show: net investment gain, the report always displays net investment gain, regardless of other settings. For more information, see Show Return or Net Investment Gain.
On the PDF report, you'll notice the line chart gradient now matches the dynamic report. Use the site theme to control the gradient.
Benchmarks, allocation weighted benchmarks, and indexes are now listed in a consistent order with clearer formatting at the end of the table.
On the PDF report, when you selected Include benchmarks, Benchmark 1 was displayed for separately managed accounts (SMAs). Now you select Include benchmarks and then designate specifically which benchmark(s) you want displayed for SMAs using the Selected Benchmarks list.
Access Pershing Documents Through the Tamarac Document Vault
Your client portal provides a huge benefit to your clients by bringing together information from many sources. The portal can serve as the client's one-stop source for reviewing financial accounts, financial plan results, and even assets and liabilities, as well as providing a secure method for exchanging files.
With this release, firms that custody with Pershing can take this convenience one step further by giving clients direct access to their Pershing files, right within the Tamarac client portal document vault. When enabled, your clients' document vault displays the same three Pershing folders available to you.
Now clients can securely access files from you and from Pershing in one place.
You can also take advantage of this integration by accessing clients' Pershing files within your document vault, without leaving the Tamarac platform.
Want to download a Household's tax files to share with a client's CPA? Since you're already in Tamarac, open the document vault, search for the Household, click the Pershing - Tax Documents folder, and you'll see all the Pershing tax files for that Household.
Pershing files are displayed for Households. If you search for a client in a Pershing folder, you will see the files for the Household that client belongs to.
You cannot add labels to Pershing files.
You must have the Pershing integration enabled to take advantage of the Pershing document vault integration. For more information, see Enrollment.
If you already have the Pershing integration enabled, you do not need to take any action. You will see the Pershing document vault folders automatically.
The Support Management dashboard is your hub for knowing what's happening when you've contacted us. The dashboard allows you to find support requests using filters and search terms. In the past, clicking a specific support request made you lose the filtering you put in place to find it.
With this release, we've streamlined this process. Now when you click the support ticket details link, the related messages open in a new browser tab. This saves you time by retaining your filters on the dashboard page for future use.
