While many of you were spending August enjoying the late-summer days, our Envestnet | Tamarac Reporting® and Trading® teams were hard at work rolling out enhancements to our trading and reporting capabilities. For our August release, we are excited to introduce two new improvements to our Reporting and Trading capabilities that support the needs of Registered Investment Advisors (RIAs) and their clients.

In our regular “What’s New from Tamarac” series, we highlight the latest innovations that respond to your evolving needs and, ultimately, your clients’ achievement of financial wellness.

Here’s a look at what’s new:

Multiple Categories per Security Offers Greater Transparency

Security categories help RIAs manage target allocations and help clients understand how their assets are distributed. However, in the past, pooled investment vehicles such as mutual funds were difficult to categorize because they are often made up of multiple types of securities.

Now, you can assign as many categories to a security as you need. When you assign multiple categories to a security, you designate a percentage for each category, allowing you to report on your clients’ holdings with even greater detail and accuracy.

For example, if you have a mutual fund composed of 60% equities and 40% bonds, you can assign that mutual fund the equities category at 60% and the bond category at 40%. You will then see those designations reflected on your client reports.

Once you’ve assigned multiple categories to a security, you can enable “use multiple security categories” on our Holdings and Asset Allocation reports. With this enhancement, when looking at these holdings-level reports, you can choose to view security categories that are more proportionally accurate.

Beta Version of the Rebalance Summary Report Delivers More Functionality

On the trading side, we’re committed to a multi-release cycle approach so that we can get more features out to you faster. With this release, we’re introducing a new beta version of our Rebalance Summary report, a valuable and necessary part of the trading workflow.

You’ll find the new version of our Rebalance Summary report both visually appealing and easy to use. It allows you to see a visual representation of rebalances, create custom one-off trades, and visually see the results of your trading decisions. As we continually look to reimagine, streamline and speed up our processes, this report is an additional step in delivering an enhanced trading experience.

The beta version of the Rebalance Summary also allows you to approve trades as part of your trading workflow, and the report respects all permissions and trade approval settings you’ve already established for Tamarac Trading, including:

  • Non-discretionary accounts
  • Custom strategies that override restrictions
  • Two or more approver requirements

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 can 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.

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