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February 2022 - What's New in Tamarac Reporting

Contents

Compliance Reporting

New Compliance ADV Report Now Available

We heard your feedback that you'd like more features to support your compliance reporting efforts. In this release, we're introducing a new report to help you complete your compliance reporting with greater ease. We want to make the annual process of submitting Form ADV easier by introducing more automation into the process that's also aware of the specific data requirements for the form.

To view the new ADV report, in the Reports menu, under Intelligence Reports, select Compliance.

Once there, you'll select an account set and an as of date. The report updates to show a collection of widgets with client relationship and account data that you can then use on Form ADV.

Using the Report

Using the account set and as of date you've chosen, the report will show the following widgets, each with data points that reflect data required on Form ADV and respecting the data you set up within your accounts, Households, and securities.

You'll see the following tiles: 

Data Setup

To support the Compliance ADV report, we added fields so you can set up account, Household, and security category data in a way that supports the Form ADV questions.

This is a high-level summary of the steps to set up your data for the Compliance ADV report: 

• Before You Begin.Any account you want to include must be a member of a Household. If you don't have Household structures set up, see Create, Edit, or Delete a Household.

• Set up individual accounts.Classify the account to answer Form ADV questions about the number and values of your various types of accounts. To find these settings, in the account's Settings tab, choose Compliance.

  

• Include account values in ADV reporting.Choose the Household where the account AUM will be included for Form ADV calculation purposes. You must select AUM for an account to be included on the Compliance ADV report. If you were viewing an account that shouldn't be counted, such as a 401(K) outside of your control, clear AUM so the account value won't be counted. To find this setting, in the account's settings, under Membership, select Households/Groups.

  

• Add client relationship information to Households.Classify the type of relationship you have with this Household to answer questions on Form ADV. Client Type is important because the value of accounts with certain client types shouldn't be counted for some questions. To find these settings, in the Household's Settings tab, select Compliance.

  

• Define the security categories you'll use in ADV reporting.Designate the security categories you'll use for Form ADV questions about asset types. The Compliance ADV report will use your existing category data and this setting lets you select which category will be included. To find these settings, on the Setup menu, choose Categories.

  

Bulk Data

To help you with data setup for the Compliance ADV report, we added ADV-related fields to bulk reports and bulk data uploads. Use the Account - Compliance and Household - Compliance sections to integrate these settings.

In addition, you can use bulk upload to update your accounts and Households in bulk.

For more information on compliance reporting, see: 

• Compliance ADV Report
• Set Up the Compliance ADV Report

Learn More - Watch a Video About Compliance Reporting

Prepare for Future 13F Reporting Features

We want to make the quarterly process of submitting the 13F report easier by introducing more automation into the process. In this release, we're introducing account-level compliance reporting fields which you can access by choosing Compliance in the Settings tab of account settings.

There, you'll find the following fields for 13F reporting: 

• Investment discretion
• Voting authority
• Investment manager

With this release, you can enter information into or review these fields when viewing account settings. You can also use the bulk upload feature to enter data for these fields using the Account Information upload data set. Using bulk upload, you can begin to upload data to individual accounts in preparation for future reporting features.

Reporting

New Attribution Columns on Position Performance Report

We heard your feedback that you want more information to do attribution analysis to see the impact of investing decisions on the returns in your clients' portfolios. With this release, we're adding two new columns to the Position Performance report to help with your analysis: 

• Contribution.Shows how much a particular security or investment contributed to the overall performance of a portfolio, regardless of how much is held.

• Average Weight.Use Average Weight alongside Contribution to compare how much a position contributed to the overall portfolio with how much of the portfolio is made up of that security.

You can use the Contribution and Average Weight columns on both the dynamic and PDF versions of the Position Performance report.

For more information, Average Weight see and Contribution.

Filter by Category on Position Performance Report

We added a new way to see more granular data in the Position Performance report by adding the Category Filter option.

This filter is currently available on the Account Performance report and serves the same function on the Position Performance report: to include or exclude specific categories on the report to drill down to more targeted performance data. For example, you could only include equities on the report or exclude fixed income securities.

By filtering for or excluding certain categories, you can see more targeted performance data, helping you in your analysis of your clients' portfolios.

Improved On-the-Fly Date Period Creation

In our continuing effort to improve the date period creation process, we've improved the look and feel of on-the-fly date creation in your reports.

There are two ways you can create new date periods: on the Date Periods page and on the fly, directly in reports. With this feature update, when you want to create a date period directly in a report, you'll see a window appear. This more modern styling makes the date creation process consistent everywhere in Tamarac.

For more information on date periods, see Dates and Date Periods.

Platform Improvements & Performance Enhancements

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: 

Learn More - Watch the Release Video