InformationTitleTrust Accounting Systems and Related Download SourcesDescriptionReview this document to review the available download sources that are associated with Trust Accounting Systems.Body Executive Summary (TL; DR) This article explains the purpose of Trust Accounting Systems and how they support accurate tracking, transparency, and compliance when managing client trust assets. It also outlines the Trust Accounting Systems supported in Orion, the related download sources used for data integration, and how principal and income transactions are structured within accounts for reporting and reconciliation. It also outlines how Trust Accounting Systems participate in Orion's Trade Away workflow as an allocation destination. What Does This Article Help Solve? Common Real-Life Questions Users Ask About Trust Accounting Systems How do Trust Accounting Systems help track principal and income separately for trust accounts? Which Trust Accounting Systems integrate with Orion and what download source is required? How do I maintain accurate records and compliance when managing client trust assets? How do I trade through my preferred broker and still keep my trust accounting records current? Does my Trust Accounting System execute trades, or does it only receive allocation details? Article Quick Links Why are Trust Accounting Systems Used? What is a Trust Accounting System? How to Trade with Trust Accounting Systems Trade Away Workflow with a Trust Accounting System How Do Trust Accounting Systems Connect to Orion? Why are Trust Accounting Systems Used? Maintain ethical standards and manage fiduciary responsibilities; keeping a detailed record of client funds is essential in remaining compliant with rules and regulations. Manage funds on behalf of clients in various types of trusts, including investment, retirement, and estate planning. Provide a clear record of all transactions involving trust funds. By embracing transparency, you help build confidence with clients. Keep trading and trust accounting aligned by routing allocation details to the Trust Accounting System after each execution. What is a Trust Accounting System? A Trust Accounting System is a specialized accounting software designed to manage and record financial activity associated with trust accounts or third parties. How to Trade With Trust Accounting Systems Trust Accounting Systems participate in Orion's Trade Away workflow as an allocation destination. Orion generates and manages trades through Eclipse , and the Trust Accounting System receives allocation information after trade execution to maintain trust accounting records. This workflow helps firms: Execute trades through a preferred broker while maintaining trust accounting records.Transmit allocation details to the Trust Accounting System automatically after execution.Preserve principal and income accounting for reporting and reconciliation.Incorporate Trust Accounting Systems into existing Trade Away workflows without changing the firm's trading process. Note: Trust Accounting Systems do not execute trades. Instead, they receive allocation messages after execution is confirmed so they update trust accounting records. Trade Away Workflow With a Trust Accounting System Generate trades within Eclipse using the standard trading workflow.Send the execution to the selected broker.Orion receives the execution confirmation details from the broker.Orion generates and sends an allocation message to the configured Trust Accounting System.The Trust Accounting System uses the allocation details to update trust accounting records and support reconciliation and reporting. For more information on Trade Away, review How-To and Overview: Trade Away in Orion Trading (Eclipse). Back to Top How Do Trust Accounting Systems Connect to Orion? Review the table below, which shows the available Trust Accounting Systems and the direct download source required to bring the data into Orion. Trust Accounting System Related Download Source Principal & Income Breakdown Accutech CheetahInterface Guide and Setup - Accutech API - EXTERNAL Both an account-level and asset-level breakout is supported. Account-Level: P&I is broken into 2 sub-accounts in addition to the custodial account. Account-Level Example: Custodial account: 12A45678900Principal account: 12A45678900_PIncome account: 12A45678900_I Asset-Level Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I FiTek Bank of Charlestown - FiTekInterface Guide & Setup - IndianaTrust (FiTek) - EXTERNALMainstar Trust - FiTekNixon Peabody - FiTekInterface Guide & Setup - Park National Bank - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I FIS AddVantage, FIS CharlotteInterface Guide & Setup - Sungard - EXTERNA P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I FIS Global+Interface Guide & Setup - FIS Global+ - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I FIS TrustDeskInterface Guide & Setup - FIS TrustDesk - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I MauiInterface Guide & Setup - Infovisa (Maui) - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I SS&C Innovest/InnotrustInterface Guide & Setup - SS&C Innovest - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I SEI TrustInterface Guide & Setup - BNY Mellon Wealth Management SEI Trust - EXTERNAL P&I is broken into 2 separate assets within the custodial account. Example: Custodial account: 12A45678900 Principal asset: MarketCUSIPIncome asset: MarketCUSIP_I For a complete list of Orion's available download sources, along with the supported file types and estimated delivery timeframe, review: Orion Download Sources: A-MOrion Download Sources: N-ZOrion Download Sources: BETA Back to Top In Summary Use Trust Accounting Systems to maintain accurate records for trust and fiduciary accounts.Match each Trust Accounting System with the correct Orion download source before setup.Review how principal and income data are separated for reporting and reconciliation.Strengthen transparency by tracking all trust-related transactions consistently.Support compliance efforts through organized and detailed account management. Add a Trust Accounting System as an allocation destination in Trade Away to keep trust records current after each execution. Internal Tracking InfoURL NameTrust-Accounting-Systems