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December 2022 - What's New in Tamarac Reporting
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Add Recallable Distributions to Manual Security Snapshots Changes to the 13F Value Calculation and Column Heading |
We know that manual security snapshots are an important part of your business and as an advisor, it’s important that you provide as much detail as possible for your clients. We heard your feedback and with this release, you can now add recallable distribution amounts to your manual security snapshots.
If added, the recallable distribution amounts you add impact the calculation of remaining capital.
Previous Logic
Remaining Capital = Committed Capital - (Capital Called + Reinvested Distributions)
New Logic
Remaining Capital = Committed Capital - (Capital Called + Reinvested Distributions) + Recallable Distributions
In the past, you could not enter the amount of a cash distribution that was recallable, but now there is a dedicated data field where you can include this information. You can also see Remaining Capital on the Committed Capital report.
Change is inevitable and as a result of recent SEC 13F report format changes, we updated our value calculation in the 13F bulk report. With this release, we will no longer divide value by 1,000 on the 13F report. Instead, we will compute the 13F value rounded to the nearest dollar. Additionally, the column header name for the 13F report will now be VALUE.
The SEC rule change will go into effect on 1/3/2023.
Part of our ongoing effort to improve the speed and reliability of the Tamarac Platform includes a number of enhancements under the hood. This table highlights improvement made since our last release:
| improvement made | type of improvement |
|---|---|
| We improved the way we get realized gains and losses information from custodian partners into Tamarac. Now, the process is faster, allowing you to see the data sooner in the day. | Data |