Schwab PortfolioCenter may be poised to shed its utilitarian image
Long a favorite for the small RIA, its spiffier reports and early admission in Schwab's grand technology plan give it a bigger future
Oisín's Bits: Wealthfront drops old mission statement, declares war on institutions and emphasizes banking future • Seeking Utah charter, Edward Jones may become largest bank in US by branch count • After Advent chief leaves, Black Diamond head steps up
Andy Rachleff cans the old 'democratizing' mission statement at his robo; The 14,200 one-man Ed Jones branches may become branch banks; Steve Leivent consolidates power at SS&C.
July 3, 2020 – 1:12 AM
Addepar hires Advent genius then launches 'Advent Converter' to court the RIAs still on Axys and APX ; PortfolioCenter 'easy button' comes next
The tactic by the Mountain View, Calif. firm and Advent co-founder and code avatar Steve Strand comes a decade after Orion, Black Diamond and Tamarac began feasting on the legacy corpses, but Addepar insists meat remains on the bone.
March 3, 2020 – 5:05 PM
Pete Giza and Damon Deru go for Holy Grail of portfolio rebalancing with software that shuffles stocks, bonds... and asset classes; Believe it?
The RedBlack and TradeWarrior executives see old systems as 'archaic' yet know that the Black Diamonds, Morningstars, Orions and Tamaracs see rebalancing as a loss leader
June 11, 2019 – 9:49 PM
Technology Tools for Today
Top Executive: Joel Bruckenstein
This is a needed update for Schwab Performance Technologies® PortfolioCenter®, as they were behind the curve compared to performance reporting engines such as <a href="http://www.assette.com/ProductEasyReportsTO.asp" rel="nofollow">Assette EasyReports.</a>
Granted, Assette is not an accounting system, but their report design interface is built using Microsoft PowerPoint template files. If you can make PowerPoint slides, you can make custom performance reports; there’s almost no learning curve.
But where Schwab can add value is the delivery of reports after production. Once reports are generated by PortfolioCenter, then what?
It would be nice if a feature similar to <a href="http://www.trumpetinc.com/svc_assemblage_details.jsp" rel="nofollow">Trumpet’s Assemblage</a> was added, where batch processed reports were collated with cover letters and invoices and automatically uploaded to the advisor’s secure document vault for client delivery.
If Schwab were to add that kind of report delivery function, now you’re talking about a truly scalable reporting solution for the most innovative of advisory firms.
Bill @ <a href="http://fppad.com" rel="nofollow">FPPad.com</a>