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October 2023 - What's New in Tamarac Trading
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Create Envestnet Proposals using Tamarac Account Holdings Support for the Pershing Fractional Share Liquidation |
We are excited to announce a new feature that allows you to create a proposal and set up manual accounts in the Envestnet platform using the Tamarac account page information. This feature will streamline your onboarding and enhance the efficiency of your business processes.
In the past, when you wanted to open an Envestnet managed account, you had to create the client, create the manual account, and manually enter the account holding detail, now, when you select Create proposal, the Tamarac information will be synced to Envestnet to pre-fill the details for account holdings. In the dialog you will see the following detail based on the account ids from the Account screen.
See Envestnet Proposals in Tamarac for more information. To learn more about Envestnet managed accounts, contact RIASales@envestnet.com
As a part of the December 2022 release, we introduced improvements to the way you trade in Tamarac. This has been an ongoing effort and with this release, we have removed access to the Trade Summary and the Classic Rebalance Summary on all pages except for the Classic Rebalance page and the Rebalance Review page. You will still be able to access the classic Rebalance page and Rebalance Review page by doing one of the following:
From the Classic Rebalance page
Select Try the NEW Rebalance page.
From the New Rebalance page
Select Switch to classic Rebalance.
For more details, see Trading Workflow.
We are excited to announce an exciting enhancement to our FIX Flyer integration. This feature gives us the ability to support Fractional Share Liquidation at Pershing and will transform the way you manage your investments at Pershing, providing seamless and efficient options for liquidating fractional shares.
This function will need to be enabled at the broker level once the process changes at Pershing. Contact your Service team to discuss the process for enabling this feature.
This enhancement is only available when you are fully liquidating a position.
We are thrilled to announce the latest enhancement to Tamarac Trading. This new feature gives you greater control and precision over your trading workflows, making it easier to manage and execute trades with specific lot requirements. Now, when you select lots in the trading workflow, the lot detail will be communicated to Pershing.