Summary
It’s been less than two months since our last release, and this marks our ninth major upgrade since June 2018. Thank you for your continued feedback, usage and support as we continue to make the Fiduciary Focus Toolkit a valuable part of your business. New report sections, custom investment data, peer group models, and the new Transamerica Private GRPA file highlight this release.
New Feature – Custom Investment Data Upload
Custom Investments have been used as a placeholder in reporting, until now! You can now upload data points to be included in Model Performance calculations and other reporting. Please refer to the Custom Investment Data Upload help article for information regarding the template used to upload data.
The inclusion of all investments in your monitoring review, including custom investments, meets fiduciary best practices to compare [ALL] investments performance to appropriate index, peer group and investment policy objectives.
New Feature – New Report Sections
Three new report sections have been added to the Fiduciary Focus Toolkit! The Share Class Comparison, Market Performance Overview and Investment Comparison sections are now available for inclusion in a Research and/or Monitoring Report template.
Share Class Comparison – Based on the investments in your client account or search result set, all mutual fund/ETF share class options are presented for comparison. This section is ideal for numerous functions such as examining expense attributes to ensure you are invested in the appropriate fund and viewing Fi360 Fiduciary Scores®/Performance for longer running share classes. The Fi360 Score columns can be removed if desired.
Market Performance Overview – Recognize trends in the market with the brand-new Market Performance Overview. This single page section helps you easily diagnose and compare median peer group performance across time.
Investment Comparison – Facilitates a side-by-side evaluation of investments to expedite selection and monitoring decisions. It also can serve as a mini-factsheet if the full factsheets contain too much information for a given situation. While this report was previously available in the software, it only allowed for a maximum of five investments per report and it was not available for inclusion within a monitoring or research report template. It is now available with either report template and has an investment limit of 2,000.
New Feature – Peer Group Models
Saved peer group models have been added for easy entry of an IPS allocation. You can now create a model allocation once and then select it from within any client’s IPS.
New Feature – Transamerica Private GRPAs
The addition of Transamerica’s Private GRPA (group retirement plan annuity) database allows you to include the specific fund option held in your Transamerica retirement plan account. This ensures that the applicable expense and performance information is shown instead of a mutual fund proxy for example. In addition, this new feed allows the recordkeeper plan feed to work properly and not load custom investments.
These investments received their first Fi360 Fiduciary Score with May 31, 2019 data and will continue to accumulate history from this point forward.
Improved Feature – New Clients Table
The clients table has been updated to include each client’s latest ‘Assets as of’ date and the name of any linked providers (if applicable).. The IPS status column was removed as most users were not actively using the metric on this page. Finally, the view now loads roughly 10X faster for a better user experience.
Improved Feature – New Target-Date Indexes (S&P Stride)
We’re happy to announce the addition of the S&P Stride Target-Date Indexes to our software. Previously, the only indexes for target-date funds were Morningstar defaults. Changing the index assigned to a peer group was released a few months but there were no alternatives for target-date funds. The S&P Stride Indexes now offer the flexibility/ability to monitor investments using the appropriate index.
Improved Feature - New Integration Providers
We have more integrations to announce! The following providers are either active or will launch in the coming months.
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Active Now |
Coming Soon |
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Fidelity NFS |
First Mercantile |
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Paychex |
Ktrade |
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Generic |
Lincoln |
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TPPKC |
The User Provided Excel Provider was created to address missing providers or exports of data from another system or internal spreadsheet. Users can now mass create clients and holdings with no manual data entry. Repeat the process and mass update client asset values/holdings at quarter or month end.
Please refer to the help article if you have any questions.