Orion Advisor Solutions

March 2020 Software Update: Full Release Notes

The March 2020 software update introduces Orion Communities, a new investment model marketplace, alongside enhanced advisor features like improved password security and the Market*r marketing platform, as well as billing improvements including detailed payee reports, faster dashboard loading, flexible account payment options, automated billing settings for sleeves, and refined date filtering for billing.

The Madness is upon us. Of course, nothing basketball-related, but instead a host of new updates to our platform to help make you more efficient and effective. In fact, this month marks the release of Orion Communities, our investment model marketplace that addresses your need to scale by giving you access to models from well-known and well-vetted strategists. You can call this month Model Marketplace Madness, if you wish.

Find out more about Orion Communities, as well as plenty of billing, compliance, and trading updates below.

Advisor Experience

Password Security Updates

  • Orion will now detect if you are using a password that has been compromised elsewhere and prompt you to create a new one.
  • When creating a new password, a gauge and checklist will help you determine password strength and criteria satisfaction.
  • You can now view your password as you type by clicking an eye icon.
  • Option to "Remember my device" for trusted devices.

Orion Market*r

  • Market*r is a new turnkey marketing platform with customizable, expertly written content connected to your financial planning and client experience tool.
  • Features pre-built, interactive digital campaigns that can be personalized.

Billing & Composites

Payee Report

  • Run a report listing the amount paid to each entity when a payment is processed, including Entity Name and Payee Amount.

Payout Dashboard Optimization

  • Improved speed for loading data in the Firm Dashboard and creating payments.

Active Accounts Can Pay for Inactive Accounts

  • The 'pays for' section now saves regardless of account status, allowing active accounts to pay for inactive ones.

Account Billing Level Setting Copy Down to Sleeves

  • Account level billing settings now copy down to sleeves, automating a previously manual process.

Date Filter Includes Bills Run on End Date

  • The end date filter now includes bills run on the end date, eliminating the need to add an extra day.

Client Experience

Financial Planning

Action Steps Enhancements

  • Edit manually created action steps, assign them to specific people, and add due dates.

Additional Input Options for Income Sources

  • Added "At Retirement" as an end age for Employment, Business, and Other Income.
  • Added "End of Plan" as an option for Other Income.

Estate Planning Checklist

  • Clients can determine if they have key estate planning documents, upload them, and indicate last update dates.

Improved Load Time of Performance Reporting Data

  • Faster load times for performance data in the Financial Advisor or Client Portal.

Ticker Symbols on the Positions Page

  • Ticker symbols now appear next to position names and within Unrealized Lot Details.

Updated Household Performance View

  • Managed and unmanaged accounts are now separated, allowing aggregate managed account performance to be shown even if unmanaged accounts exist.

Updated Realized Gains/Loss Time Periods

  • Realized Gains/Loss Transactions can now be viewed by different calendar years.

Reporting

Grouping by Tax Type in Report Builder

  • Added grouping option for Tax Type (Taxable, Tax Deferred, Tax Free) in Account Value reports.

Investment Objectives in Report Builder

  • New tags for Return Objective, Investment Objective, Time Horizon, Net Worth (with/without residence), and Liquid Net Worth.

Group Is Managed Column in Query Builder

  • Ability to add 'Group Is Managed' column to queries for identifying managed entities.

Transactions in Query Builder

  • Create queries based on transaction data, with options to select and group various transactions.

Compliance

Compliance ADV Custody Tile

  • New custody tile on the ADV dashboard to address ADV Custody Rules 9a (first party) & 9b (third party).
  • Shows number and value of custody accounts, separated by first and third party.

Integrations

Fidelity Tile in Insight

  • Real-time Fidelity data (balances, transactions, holdings) now available in Insight.

TD Version of Enhanced Salesforce Sync

  • Enhanced Salesforce sync now available for TD version, with updated field mapping for compatibility.

RightCapital Single Sign-On

  • Single sign-on from Orion Connect to RightCapital for easier access and reduced data entry.

Reconciliation

New Accounts Center Excluded Accounts - Advisor Notes Field

  • Option to add and edit an "Advisor Notes" column for excluded accounts in the New Accounts Center.

Trading

Orion Communities

  • Launch of Orion Communities, a model portfolio marketplace offering access to strategist models while retaining full trading discretion.

0580-OAS-3/11/2020