RIABiz

News, Vision & Voice for the Advisory Community

RIABiz

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

Author Heather Underwood and Brooke Southall September 17, 2010 at 3:15 AM
1 Comment
no description available
Mike Williams: We’ve been completely rewriting our reporting capability to get it up to this day and age.

Technology


Bill Winterberg

Bill Winterberg

September 17, 2010 — 10:38 PM

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>


Related Moves

July 3, 2020 at 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 at 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 at 9:49 PM


Mentioned in this article:

Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein



RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING


RIABiz Directory sponsored by:

Directory Sponsor Logo

White Paper Postings


Common Tags


Recent Articles


Popular Writers


RIABiz logo

RIABiz

About Us

Directory

Archives

Connect

RIABiz, Mill Valley, California
Copyright © 2009-2024 RIABiz Inc. All rights reserved.