06 Oct Release 6 October 2023 – Multiple initial fees

Posted at 16:54h in Recent Updates by

Multiple initial fees

In this release we have created the ability to add more initial fee types, similar to what is currently available for ongoing fees. Previously the available initial fee types were Administration – and adviser fees.

Where there are more than one initial fee (beside Initial Adviser fees), the option is available to use the priority set on the initial fee types to decreases the amount to calculate the fee on with the previous priorities initial fees. Where the priority on all the initials fee types is set to be the same, all initial fees will be calculated on the instruction amount.

An initial priced in fee calculation method has also been added. For more detail see link.

 

More changes include:

  • Optimise the search function and improve the display of the results in terms of linked results where each result will occupy one line
  • Added a validation to Bulk processes->Upload Ad-hoc fees to use an existing fee description (see link) when importing ad-hoc fees, instead of creating new fee descriptions automatically. See link
  • Make the validation on the separator between email addresses consistent, to allow a comma only. See link
  • Added an option to the system configuration ‘Uses online application process’. If set the ‘Save And Send Email Request’ will be available on adding new members/employees. See link
  • Ensure searching for an amount on money transfers retains the amount add when selecting search
  • Added a monthly market value report. See link
  • Added a document template for payslips to a product. see link
  • Added adviser code to ‘Export investor Fee splits’. See link
  • Added the option to be able to remove an instruction from a quote, before the quote has been created
  • Added the ability to edit the Transaction reference number (this exclude transactions received from 3rd parties eg. Finswitch & Calastone). See link
  • Added tick boxes to the Next Review Report to be able to select which email letters must be send (Investors->Investor accounts->More Actions->Next Review Report)
  • Added option to Clearance days on debit orders to only use work days to determine when the amount should be cleared for payout. See link
  • Created instruction type ‘recurring switch’. See link
  • Include a checkbox in the initial fee override functionality (through the “change” button) that enables the user to specify whether the overridden amount value includes VAT or not. See link
  • Show all distribution categories on money markets
  • Change import – and export investors to accommodate instances where the account has more than one account owner with different ID numbers
  • Ensure that the current holdings details of a portfolio instrument does not show underlying instruments that have zero holdings
  • Added a card for workflow tasks on employers, entities and accounts. See link
  • Created the ability to attach PDFs and emails (.eml) to workflow tasks. See link
  • Simplify and ensure consistency on jobs pertaining to running date, time and frequency. See link
  • Show active jobs as set in production now on test sites, but do not run the jobs on the test site. See link
  • Changed Returns report on model portfolios to only use accounts that were linked to the model during the period of the report
  • Improve Fee statement on Brokerages to use processing date consistently, also with opening and closing balances
  • Added functionality to override the trading account instrument on supplier instrument accounts. See link
  • Expand cash provision by adding a field ‘Low cash warning %’ on an account, which will give a screen warning when cash is being withdrawn or switch that results in cash going below the ‘Low cash warning %’ set. In such instances a workflow task will also be created as a reminder to attend to the cash provision on the account. See link
  • Added column ‘Owner is life assured’ to import investors
  • Added ‘Can take fees?’ tickbox to an instrument. See link
  • Changed debit order batch status to confirmed if all debit orders in the batch has been matched, reversed or cancelled
  • Added option to Bulk Processes->Fees – Annual, to be able to select more than one product to do a fee run on. See link
  • Added a field to products to specify if a fee run should be done monthly or quarterly. See link
  • Display the NAV price instead of the calculated price on a dealer instruction that buys into a portfolio instrument
  • No changes to the Export Transaction Data Job (S3). See link

Refer to your online Pivotal Tracker Project for a full list of changes and enhancements for the release.

Last Updated on 3 years ago by Antoinette Van Meyeren