Is it possible to do an extruded cut in an assembly and have it change the part file also? If not, why not?

For ease of visualization, let's say I have an assembly of a picture frame and glass insert.  I would like to put holes around the frame that would also be going thru the glass.  I know I can do this in the actual assembly but It would be great if it would change the actual part files.  Is this possible?  It would really make life easier.

SolidworksAssemblies