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Welcome to the January Edition of The Edge!
In this Issue:
We're excited to welcome Florence Wealth Management Inc. to our Dealer Edge platform! Another important step to improve the client experience within the Private Capital Markets of Canada.
Coming Soon
We have some exciting updates that were recently deployed for the EdgeLink ecosystem! Some of these updates might impact your workflow and processes. Please review the updates below and reach out to your Client Success Manager with any questions or concerns. 

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 ONLY be accepted in an approved status for Dealers to be set advisor commissions.
Non-Transactional Updates
Non-transactional updates (Investor address updates, advisor reassignments, account changes, reinvestment updates, and offering changes) are being communicated VIA EdgeLink.
What's New
Branch Manager Dashboard
We now provide Branch Managers with their own dashboard where they can view metrics on their team, such as total selling advisors for a given date period, total sales by offering, and a deal pipeline which records transaction totals for different statuses.
 
Commissions Tab 
Within each transaction there’s a newly created Commissions tab. In this area, users will be able to view and change commission details for Buy transactions. Please note, advisors and assistants do have access to this area but are only able to edit the referral details when a Buy transaction is in "in progress" status. 

Residual Transaction
Residual transactions can now be cancelled by users. In order to cancel a residual, the investor must have a position holding value greater than 0 and a reinvestment % set to above 0%.
Did You Know?
Did you know that you can create a customized header and footer for your investor statements within the Statements Settings tab in the Admin Module?
Visit the Exempt Edge Community for More Helpful Tips!
Software Updates
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EE-Sign Notification Preferences
Within an investor profile, we have added an EE-Sign notification preference toggle, allowing users to control whether or not they want their investor to receive an EE-Sign email. 

Advisor Filter in the Transactions Module
Assistants are no longer included Owning Advisor or Selling Advisor filter within the Transactions Module.

Lead Generator Module
Autosave functionality was added to the Financial Worksheet in the Lead Generator. After filling out a field, the entered information will be automatically saved without clicking on the plus (+) button.

Advisor Transaction Create 
In step one of advisor transaction creation, we updated the Current Investment section under Exempt Position (live) to include the total Current Investment amount, including related parties.

Statement Name Updates
An update was applied in the Investor Statement History tab within an investor profile so that the statement types match the newly updated statement names.

Unsaved Commission Banner
The "Unsaved Commissions" banner on transactions will appear when a user makes a change to any values in the commissions tab. This banner will stay until the commission changes are saved for the transaction.

Uploader Templates
Reinvestment % is now a required field on all uploader templates where applicable (Redemption, Income/DRIP, Position).

Single Transaction Create (Distributions) 
"DRIP Units" fields in the single transaction create interface now display partial units. When the "Reinvest Partial Units" toggle is turned on, the DRIP Units fields now output decimal values. The number of decimals displayed is defined based on the Unit Decimal Points setting in the offering.

Transaction Statuses 
The "Returned to Advisor" status is now only available for Buy transactions.

Investment Actions
An automated investment action is now created when an investor's Owning Advisor is updated. Also, the Investor History table is now filtered by newest to oldest based date.
𝐎𝐧𝐞 𝐫𝐨𝐨𝐦. 𝐅𝐨𝐮𝐫 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐞𝐱𝐩𝐞𝐫𝐭𝐬. 𝐇𝐚𝐫𝐝 𝐡𝐢𝐭𝐭𝐢𝐧𝐠 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬.

Stay tuned for this insightful three-part video series, starting January 17th on educateandexplore.ca.
Watch Teaser
Reflecting on 2022 and Looking Ahead
From the entire team at Exempt Edge, we hope you and your families had a wonderful holiday season. 2022 was a wild year and as we begin 2023, we are thankful for all our clients and partners who keep finding ways to grow and push forward regardless of obstacles that emerge.

With the way the markets have been shaping up, it looks like a year of opportunity for the alternative investment space, and we’ve got some big things in the works to help your team capitalize.

In Q4 of 2022, we launched the EdgeLink Committee with leaders from the two largest Exempt Market Dealers in Canada (special thanks to Peter Kinkaide, CEO Raintree Financial Solutions and Dan Brodeur, Director of Operations Pinnacle Wealth Brokers). The goal of the EdgeLink Committee is to bring industry together to standardize processes for the benefit of everyone involved – making things less administratively cumbersome and more efficient. Standardization paves the way for an ecosystem of data integrity, reliability and consistency amongst stakeholders allowing for a better client experience while laying a solid foundation for growth.

When I mention growth, I’m referring to additional revenue generating activities, and this is something that I am extremely excited about. We’ve first and foremost been a regulatory solution but in the next phase of Exempt Edge’s development we will be focusing on building infrastructure and features that open the door for new revenue generating opportunities for our clients.

Here's a small sample of what’s to come. The EdgeLink ecosystem will be “opened up” early this year to make it easy for issuers to engage with our nationwide network of dealers for wider product distribution opportunities. Dealers will benefit by having access to a wide array of investment products while also being able to collaborate with other Dealers on due diligence and reporting.

The Exempt Edge team is looking forward to seeing you in person at events and conferences this year and we’d love to have you at our new office in Calgary when you are in town!
 
Best,
Stephen Preston
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Our mailing address is:
Exempt Edge
4000, 520 3rd Ave SW
Calgary, AB, T2P 0R3
Canada

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