Release Notes: November 2022

CircleBlack Release Notes: November 30, 2022

Recap | Advisor Householding Self-Service Tools

We wanted to recap the number of Advisor Householding Self-Service Tools we've added to the Advisor Dashboard over the last few months.
Advisor users can now do the following with Households:
- Move a Client from an Existing Household to another Household or to create a New Household
- Move one or more Accounts from one Client to another Client
- Remove Client from a Household
- Deactivate a Household
- Deactivate & Activate a Client
- Merge or combine Households
For details on each of these, please see our complete set of Advisor Householding help articles or contact our Customer Success team at help@circleblack.com with any questions.

Recap | Compliance WealthAlerts | Large Contributions or Withdrawals

This month we released a new WealthAlert that tracks large contributions or withdrawals.
If you're a Firm Manager user with the Compliance tab, you can turn on this Alert for your Advisors by clicking on the WealthAlerts submenu, clicking on the Large Contribution/Withdrawal alert tile and selecting Enable for Advisors.
For more details, check out the User Guide.

In the release, we deployed a number of operational and system improvements to help ensure we continue to deliver you timely and accurate account data.

Advisor Householding Self-Service | Merge Households

Over the last few months, we've released a number of updates to the Advisor Householding self-service functionality. Today, we're releasing the latest: the ability to merge or combine households. Merging existing households is one of the the most common requests we get from Advisors.
The functionality allows Advisors to move a client or group of clients from a household to another one -- and delete the "empty" household.
For more details, please check out our user guide here.

New WealthAlert | Detailed Modal for Large Contributions or Withdrawals

Two weeks ago, we released our newest WealthAlert for identifying large contributions and withdrawals.
In today's release, we added the transaction details directly in the alert modal.
Our user guide details the alert and its functionality in more depth.

Performance Reports | Enhanced auto-correct on data issues

We have enhanced our Performance Reports to auto-correct common data issues that previously prevented them from being generated. Please note that this may result in some reports taking a few minutes longer to complete.

Firm/Branch-Level Account Groups | Unmap account from Advisors not removed from Firm/Branch-Level Group

When an account is removed from an advisor and the account also exist within a branch-level group, the account will only be removed from the account-level group and not the branch-level group.

New WealthAlert | Large Contributions or Withdrawals

We are releasing our newest WealthAlert in the Advisor Dashboard which identifies large contributions or withdrawals in your clients' accounts that exceed the threshold amount for a given account.
Firm-level users with the Compliance tab can turn on the new alert for their firm's Advisors.
- Firm Manager Login → Compliance → WealthAlerts → Large Contribution/Withdrawal
Advisors can customize the threshold that triggers the alert by % of Account Value or by Dollar Amount. The default threshold is set at 10% of the account value.
- Advisor Login → Settings Gear icon → Advisor Preferences → Alerts
Note: once the Alert is enabled, the Alerts won't display until the following business day after our Overnight processing is completed.
If you have questions about turning on the new alert, contact help@circleblack.com.

Advisor | Rebalancing | Add Cash Reserve Details

In our Rebalancing tool, we've added a Cash Reserve details button to the Account Details page to better surface the Cash Reserve set for each account.
- Models → Rebalancing → click on any Account

Removed Account from Group when no longer mapped to Advisor

When unmapping an account from an advisor the account is automatically removed from any Account groups created by the advisor.

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