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June 2024 Release Notes

  • Updated

Reports that resonate and more time back to you and your staff!

Read on for all the details of the June 2024 release.

New Feature: Import Holdings from PDF

It is now easier than ever to add investments to a client or prospect.

Details: Users of the Fiduciary Focus Toolkit can extract holdings from a PDF document and import the extracted holdings into a client or proposal account. Artificial Intelligence scans the PDF for holdings, extracts the holdings from the PDF and matches the holdings to known investments.

Watch a Quick Overview   ---   See the Full Demonstration   ---  Advanced Features Video

Use Cases: If a client or prospect provides an advisor with a PDF statement of their holdings, those holdings can be quickly and efficiently be imported to:

  • Add to a proposal account for a comparison of current account against the proposed account.
  • Complete a due diligence process on holdings contained in the account.
  • Onboard a new client into the Fiduciary Focus Toolkit including current account holdings

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New Report Section: Executive Summary

This concise, highly visual display of your investment monitoring process allows you to show your clients investment trends over past quarters.

 

This report section is highly configurable.  Options you will find when setting this up in Settings>Report Template Editor include:

  • Chose the key metric to display over prior quarters
    • Fi360 Score(Pictured Above) or 1,3,5, or 10 year Average Fi360 Scores
    • Custom Score Based data points you established as your monitoring criteria. Custom scores will display as the following based on the trigger you apply to your client:
  • Hide or show a summary of the # of investments set as watch, remove or proposed
    • Also hides the action column to make a cleaner report(best for portrait layout)
  • Hide or show the watch and remove rules (best for triggers that evaluate historical quarters to determine watch/remove status)    View Sample Report
  • Landscape or Portrait orientation
  • Hide or show action bubble

 

 

New Report Section: Generic Factsheet

For the data-driven investment professionals, we've introduce a new investment factsheet.  

 

 

This report section is highly configurable.  Options you will find when setting this up in Settings>Report Template Editor include:

  • Chose the key metric to display/hide
    • No Score (Key Metrics Expand)
    • Fi360 Score(Pictured Above) or 1,3,5, or 10 year Average Fi360 Scores
    • Custom Score Based data points you established as your monitoring criteria. Custom scores will display as the following based on the trigger you apply to your client:
      • Weighted Custom Score (0-100 Score)
      • # of criteria passed out of total criteria
  • Display only investments with a watch/remove status to shorten report length(only available in monitoring report template types)
  • Landscape or Portrait orientation

Other New Features, Fixes and Updates

Mass Remove Investments

  • Users of the Fiduciary Focus Toolkit are now able to mass remove an investment from accounts in the Investments tab.  This will create efficiency and time savings for users when removing a fund across multiple client accounts.

Default Date for Investment Models and Investment Notes Updated

  • The default date was the last date of the year, when creating an Investment Model or Investment Note, regardless of the current date.  This has been updated so that the default date is the most recent quarter end date.  The change will eliminate confusion for users and help avoid the incorrect date being applied.

Misc.

  • If a client account had investments without Morningstar data for the most recent quarter and they tried running a monitoring report which contained the client performance summary section, the monitoring report would fail.  The bug which caused the monitoring report to fail has been fixed.  Users in this situation can now generate a monitoring report for these clients.  The client performance summary section will display that data is not available. 
  • When attempting to activate an investment policy, in certain circumstances, users were not able to import asset allocations or peer group names from holdings.  A fix has been implemented to allow these users to import from holdings.
  • If a user attempted to modify multiple choice questions in an investment policy statement template, the changes would not be saved.  This bug has been fixed, users can now modify and save changes to multiple choice questions in an investment policy statement template.
  • A bug has been fixed that when users were on a small screen or had their browser zoomed in and attempted to enter training in the Learning & Development application, they were not able to see the Enter Training button.  As a result of work done by the team, users not able to see the Enter Training button will be able to scroll over to access the training.

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