Manage Clients Enhancements

• The Manage Clients > Overview tab has received a number of enhancements including a new look, new controls, and better access to relevant data.
• The Actions menu has been expanded allowing you to easily run any report package or start a new proposal for an existing client.
• A new toggle on the Account level allows you to turn off performance reporting for any given account. (A "suppressed performance" footnote will display in any report package that references the account.)
• The Overview layout has been simplified to present data in a more clean manner.
• Firms with the Manual Advisor option enabled can change the Primary Advisor from a new drop-down in the Overview.
• A new control allows you to override the default Report Package for the household.
• Linked bank accounts now show on the Overview tab.
• New links in the Transactions and Holdings widgets take you directly to the Search Transactions or Search Holdings workspaces, filtered by the account, client, or household you came from.
• When available, Tax Lots in the Holdings widget will now display Covered or Uncovered status for cost-basis reporting purposes.
• The Manage Clients > Dashboard, Manage Clients > Reports > Search Holdings, and Manage Clients > Reports > Search Transactions workspaces can now be exported to csv.
• Manage Clients > Reports > Search Holdings can now be searched for firm wide or on one or more specific accounts.
• Manage Clients > Reports > Search Holdings now shows sum totals.
• Manage Clients > Reports > Search Performance can now be searched by Investment Objective, Model Assignment, or custom Tag.
• Manage Clients > Reports > Search Performance can now be viewed in a custom date range, shown as a separate column, and include annualized data if desired.

Investment and Rebalancing

• Changes made to a Model’s definition, including the component Asset Classes and Instruments, now flow seamlessly into the rebalancer for firms utilizing the SmartLeaf integration.
• Changing the Model assigned to an Account now flows seamlessly into the rebalancer for firms utilizing the SmartLeaf integration.
• The Action menu on the Order Status screen has been moved and relabeled for more intuitive use.
• The Action menu on the Order Status screen has a new option to Retrieve Queued Orders which will pull in all orders from the rebalancer regardless of pickup times set.
• Schwab firms may choose to manually send orders to Schwab using a setting in Firm profile and a new item in the Actions menu of the Order Status screen.

Performance and Reporting

• New auto-data cleanup features:
• Effective in mid-June 2023, AdvisorEngine’s daily data capture process from our main data sources will retroactively adjust past share quantities and cash balances due to as-of transactions and cancellation activity.
• This also includes recalculation of affected performance history for accounts and their households.
• This does not affect positions prior to mid-June 2023. This does not recalculate billing for past billing periods affected by retroactive changes if those billing periods have already been closed.
• A new page is available for Report Package definitions: the Income Summary page. This page displays high-level income categories and sums for dividends, capital gains, and interest.

Billing

• Billing files are switching from TXT format to CSV format.
• Billing Account file now contains the Account Type column.
• New internal logic to populate the Account Name in the Billing Account and Billing Invoices files with user-friendly information.

Other Enhancements and Fixes

• Schwab firms with an All-Access User activated will now receive Schwab Alerts in the platform.
• Pershing forms have been updated to the latest version.