Amidst these challenging times, our Envestnet | Tamarac Reporting® and Trading® teams continued to maintain their focus on enhancements and innovations to help meet the needs of advisors. For our June release, we are excited to introduce ten new improvements to our Reporting and Trading capabilities along with integration updates. In our regular “What’s New from Tamarac” series, we highlight the latest innovations that support your relationships with clients and, ultimately, your ability to help your clients achieve financial wellness.

Here’s a look at what’s new:

1. New Bulk Report to Extract Detailed Category and Interval Performance Data

To help you evaluate broad, firmwide performance data, we have launched a new Performance Data Extract bulk report. The new report gives you access to performance data combined with advanced interval, grouping, and filtering capabilities. With it, you can: audit returns across accounts, evaluate returns by category, interval, or both, check manually uploaded returns, and integrate with third parties.

2. Flexible Yield and Duration Reporting for Debt Securities

Our debt securities reporting now offers you more flexibility. If your firm prefers, you can choose to suppress the yield and duration from reporting for fixed income, mortgage-backed, CD, T-bill, and commercial paper security types. With this release, you can also control yield and duration reporting for an individual security, for several securities at once or for all new securities in a category.

3. Improved Accuracy for Mortgage-Backed Security Calculations

We understand that mortgage-backed securities can play an important role in your clients’ portfolios. However, different mortgage-backed securities pass through principal and interest payments on different timeframes. To improve the accuracy of these calculations, you can now enter the number of days each mortgage-backed security delays payments, and you can edit existing securities in bulk.

4. Updates to Client Portal Assets & Liabilities Page

We continue to enhance our Assets & Liabilities client portal page. With this release, your clients can change the account view to fit their needs and see a quick overview of their net worth summary. Clients can also more easily identify and resolve linked account errors themselves through our new view list and clickable alert bar.

5. Enhancements to Client Portal Net Worth Report

As we have expanded our offerings around reporting on held-away assets and liabilities, the Net Worth report’s usefulness has expanded as well. With clients likely spending more time reviewing their Net Worth report, they will notice when there is an issue with linked account credentials. Now, your clients can resolve actionable linking errors while being alerted to linked account issues only you can solve.

6. Billing Groups More Easily Found on Payment Details Page

For firms that create unique billing groups, finding these groups has been difficult in the past. We have enhanced the user experience by changing the billing groups list on Payment Details to an auto-completing search to help you find billing groups more quickly.

7. Benchmarks and Indexes Subtotaled on Performance History Report

We continue to enhance the Performance History Report to meet your needs. With this release, we expanded subtotaling on the Performance History report. Now all data points, including benchmarks and indexes, display subtotals.

8. Mobile App Brought Up to Date

The mobile app gives your clients 24/7 access to their data. To ensure continuity of access, we have updated the mobile app code, so it works smoothly with the latest versions of iOS and Android.

9. Improved Trading Communication with a New PDF Report

The Rebalance Summary lets you see clients’ trade recommendations in the context of the models and available cash in their accounts. Now, this powerful tool is available as a PDF report. With new PDF reporting, you can show trade recommendations and cash information for a single account or group, all in an easy-to-read format that fits your firm’s branding and the needs of your clients.

10. Enhanced Accountability and Control When Trading Restricted Securities

In this release, we introduced an optional additional layer of accountability and control for restricted securities trading. When enabled, these restriction override features offer an improved warning system, more opportunities for documentation, and tools for auditing and oversight. Now, when faced with those special circumstances and one-off trade situations, you have more features to help you do the job.

When it comes to integrations, we have introduced several enhancements to save you time, reduce the number of logins, and provide greater online security:

  • You can now share MoneyGuide financial plan report PDFs through the Tamarac document vault.
  • When integrating with Yodlee, we replaced the previous account numbers with the account’s Yodlee ID numbers for new and existing reconciled accounts.
  • For advisors who access Schwab Move Money from within Tamarac, you will see a notification letting you know you are leaving Tamarac to sign in to Schwab Move Money securely.

And, we have made significant enhancements under the Tamarac Platform hood to improve speed and reliability. You may notice faster loading and response times.

Learn More

Stay tuned for regular “What’s New” updates from Tamarac, as we continue to innovate and enhance the services you provide to your clients. Learn how our robust reporting and trading solutions help you deliver the customized performance tools and resources your clients need. Visit www.tamaracinc.com or give us a call at 866-525-8811.

Written by Ryan Bamert

Ryan Bamert is the Vice President of Product Management for Tamarac Reporting at Envestnet | Tamarac.