General
When creating a new investor profile, all of the fields that can be added are now displayed. Previously users had to edit the profile after it was created in order to add information such as Date of Birth, Citizenship, etc.
We have added dividing commas to a number of different values that are displayed in the investor portal to help improve the user display.
An extra DRIP Reinvestment field that was shown when users were creating re-investible Income/Interest/Return of Capital transactions has been removed.
An automated investment action is now created when an investors Owning Advisor is updated. Also, the Investor History table is now filtered by newest to oldest based date.
When removed the second Branch Manager for a Branch Team profile the GRID percentage will be cleared.
Edgelink
We have also made a number of updates to the Edgelink workflow and process which includes the following changes:
Updated EdgeLink Transaction Workflow
Buy Transactions - Send from Dealer to Issuer ONLY - Issuers can create BUY transactions, but they will NOT communicate VIA EdgeLink
Income/Interest/Return of Capital Transactions – Send from Issuer to Dealer ONLY – Dealers can create distributions (Income/Interest/Return of Capital) but they will NOT communicate VIA EdgeLink
DRIP/Reinvestment Transactions – Send from Issuer to Dealer ONLY – Dealers can create distributions (Income/Interest/Return of Capital) but they will NOT communicate VIA EdgeLink
Residual Transactions – Send from both Issuer to Dealer and Dealer to Issuer
Sale Transactions – Send from both Issuer to Dealer and Dealer to Issuer
Redemption Transactions – Send from both Issuer to Dealer and Dealer to Issuer
Trailer Transactions – Send from Issuer to Dealer ONLY – Dealers can create trailers, but they will NOT communicate VIA EdgeLink
Transfer In/out Transactions – Send from both Issuer to Dealer and Dealer to Issuer
Fee and Tax Transactions – Currently do not transmit VIA EdgeLink
Quality of life improvements
Added an EdgeLink Icon throughout the system to better Identify connected offerings.
Added the Issuer details to the EdgeLink connected offerings table
Issuers now have the ability to accept “close” data directly from Dealers – previously users could only accept in “Approved”.
Accepting either DRIP or Income/Interest/Return of Capital will automatically accept the associated connected transaction. Ex: accepting the Income will accept the connected DRIP automatically if there was one.
Accepting either Transfer In/Out will automatically accept the associated connected transaction. Ex: accepting the Transfer Out will accept the connected Transfer In automatically if there was one.
Transfer In/Out can only be sent and accepted in “Closed” Status
Trailers will ONY be accepted in an approved status for Dealers to be set advisor commissions
We have removed the Issuer “Lock System” and the Dealer “Request Return” processes – previously these locked the transactions from any changes being made to them after the initial EdgeLink communication. All transaction Updates, Edits and Changes update the pending EdgeLink transaction in the connected party’s system for transactions that have not been accepted yet. If you have accepted the transaction and further edits occur a new pending EdgeLink transaction will be available for you to review and accept.