Summer is in a full swing and so is our Development Team. Despite the holiday season we continue to provide our Clients with the product updates they need and ask for. This month we worked on APIs, Trading, Invoicing, and more. Have a look at the latest release and let us know what you think! 

Trading – New PDF export

This release, we have completely changed the form of PDF export for trading orders. From now on, all orders sharing the same custodian will be grouped into one PDF file – containing multiple portfolios and multiple instruments. We believe this change will make it simpler to communicate orders with custodians. The PDF export is available for you from the Orders Summary view in Trading. 

Invoicing – Additional Fee 

Invoicing users can now add a single additional fee per portfolio with a custom description. This can be used for one-off charges (e.g. lawyer fee, postal fee), recurring charges (e.g. consulting services) as well as subtractions (e.g. discretionary discounts). The additional fee appears on the invoice and in the fees table. To enable this option for your invoice template, please contact the support team. 

Read more about our invoicing module here.

Instruments – Ratings

As a follow up to the last release, instrument ratings are now available in the position views (All Positions & Portfolio Positions). Once the ratings are applied on the instrument level, you can display them when going through your portfolio positions. 

TWR calculation – special cases

We have started work on improving and enabling flexible Performance calculation. We are currently at the stage of analysis and specification of the necessary changes. As a result, you will be able to adjust the TWR calculation depending on the needs, including the ability to calculate Performance with or without a leverage. In addition, our work is aimed at solving specific cases of portfolios where, for example, AuM has a negative value. Ultimately, we want the TWR calculation methodology developed in WA to be an internationally recognized standard.

API Connections

Zug is, despite its size, Switzerland’s crypto valley and a center of commodity trading and therefore an important hotspot for wealth management. We are happy to announce that a data feed connection to the Cantonal Bank of Zug is available.

Please contact our team at support@wealtharc.com if you have any accounts that you want to connect to WealthArc or simply if you have any further questions regarding the latest updates.

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