First Rate + CMC = Turn Key Reporting

Published by Marshall Smith, CIPM, Managing Director - General Manager, Products
September 16th, 2016

The single best way to improve your client reporting is connecting it to how you differentiate yourself in managing the portfolio.  Too often performance reporting is thought of as a disclosure statement or something you have to have but doesn’t drive value. Typically, this is because the performance reporting doesn’t align with how the manager likes to communicate their value add.  If the value add is how you increased exposure to emerging equities this past quarter but your reporting doesn’t show the breakout of emerging equities from developed equities, or even breakout international equities from domestic, you can’t use the reporting to tell your story.

The cmc and frdisconnect in how you manage a portfolio and how you report on the portfolio to an investor is the reason why First Rate partnered with Capital Market Consultants (CMC).  CMC helps clients build portfolios and manages them to outperform on a risk and return basis verses a passive benchmark.  CMC has a specific classification schema in how they manage the portfolios, a blended index that serve as their passive benchmark and actively manage the risk their portfolios are exposed to.  By partnering together, CMC and First Rate are bringing together these specific elements to the client reporting that Wealth Managers can use to demonstrate that value. 

The partnership will make performance reporting a turn-key experience in the following ways:

  1. First Rate will import the CMC asset mapping schema.  No more relying on your operations team to update coding or try to manual map the assets yourself.  We have you covered.
  2. First Rate will automatically assign any portfolios following the CMC models the appropriate blended benchmark which serves as the model’s passive target benchmark.
  3. First Rate will deploy the CMC Client Reporting package to your region at no charge.  Wish you had best practice reporting that communicates your value add, search no more.

First Rate and CMC will be co-hosting an informational webinar on September 28 and 10:00 AM CST. Register here!

About the Author: Marshall Smith CIPM, Managing Director of Service Bureau, has been with First Rate since 2006. In this role he oversees Service Bureau, the business line responsible for clients that outsource their performance processing function, develops and maintains client relationships, and develops strategic planning for all Service Bureau operations. In addition, he leads First Rate’s Marketing team. You can follow Marshall on Twitter @1stRateMarshall, or connect via LinkedIn.

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