Data Files/Setups
What is the maximum amount of time Orion can access custodial file data before it is archived?
6 months
Which Exclusion table can advisors remove accounts and CUSIPs from exclusion?
New Accounts Center --> Excluded accounts
Can you auto household or rep map if we do not receive SSN in the name file?
No
Who has access to the ACR (Asset Comparison Report)?
Anybody with access to the recon status app
What are appropriate offsets for an Income Reinvested cash transaction?
Div to cash, short term gain to cash, qualified div to cash, etc.
What is the expected timeframe to establish a new Security Benefit feed on the Orion platform?
7-10 business days
Where can an advisor go if they want to see which Download Sources are set up for the firm and if data files are being sent for their accounts?
Reconciliation Status --> Recon Status Dashboard
When a firm disables auto-householding, new accounts are automatically placed into existing households based on rep mapping.
False
What does an account with a Pending status in the New Accounts Center mean?
A newly created account is pending data to be applied
What is the definition of a Starting Value transaction type?
It is a placeholder that rolls up all history prior to the inception date of the account.
What time does Orion typically receive LPL data files?
5am
How often should advisors review the Accts Not Downloading audit?
Daily
Name the 3 source settings that impact auto householding
Auto householding, ignore rep verification, always create registration
Can an advisor proceed with Trading, reporting and performance if their recon status dashboard position confirmed ration is less than 100%
No, performing any actionable items in Orion before recon is complete can return inaccurate results
What is the best definition to describe the Remark transaction?
To serve as a note from the custodian, but does not have an effect on the account
Are interface setup times the same for every custodian?
No
What is the ACR and how often is it sent to the advisor?
Accounts that have a value, but are not downloading. Sent to advisor every month. Either cancel account or contact custodian.
If auto householding is disabled and there is no rep mapping in place, where will new accounts be assigned to?
New HH and new reg under the default rep
An advisor needs their QE dashboard signed off asap. Where can you check to see what Orion is waiting on before the analyst can signoff?
SalesForce > Firm's page > Process Tasks > ME/QE Recon SignOff/Monthly ACR & QE Dashboard SignOff tasks
Do div to cash/spin off out transaction types have units?
NO!
What is the most information that can be included in a name file?
Client Name, SSN, Account Number, Custodial Rep Number
How often should advisors review the Inactive Not Zero and Active with Zero Balance audits?
Monthly
If auto-householding is enabled, there's an existing registration with a matching SSN, Always Create New Reg is enabled, and Ignore Rep Verification is enabled; where will the new account be householded to?
A new Registration in an existing Household
If the advisor updates an address at the custodian, that information is automatically updated in the Orion system
No, they must approve the change under Pending Client Information
What are reversal transactions
denotes the reversal or adjustment of a previous transaction. Should NEVER be in a completed status!