First Rate and BITA Risk Partner to Offer Integrated Wealth Management Solution

The partnership focuses on providing best-of-breed performance, risk and portfolio analysis, and portfolio modeling tools to firms worldwide.

First Rate a leading provider of wealth management solutions to the financial services marketplace, today announced a strategic partnership with BITA Risk to provide enhanced performance, ex-post and ex-ante risk and portfolio analysis, and portfolio modeling tools to the wealth management sector. The partnership will enable BITA Risk’s ex-ante risk, portfolio management, monitoring, and analysis tools together with client proposals to be accessed through First Rate’s CORE platform, and for First Rate’s application to be available to BITA Risk’s clients through their current channels.

“We believe that it will be a step change to be able to bring the opportunity of full GIPS compliant performance analysis to our clients,” said Daryl Roxburgh, Global Head of BITA Risk. “The combination of First Rate’s ex- post performance and BITA Risk’s ex-ante analysis gives a clear view of where clients have been and where they are going, together with BITA Risk’s portfolio analytics to help them understand why.”

Partnership highlights:

  • First Rate clients who adopt BITA Wealth through the First Rate platform and will gain access to powerful ex-ante analytics and ‘what if’ analysis, risk profiling, proposal generation, pre-trade compliance, portfolio monitoring against IPS, policy, and model in an enterprise view.
  • BITA Risk clients will be able to seamlessly generate a full range of performance and client reporting statements through BITA Wealth by leveraging the real-time First Rate APIs.
  • Both sets of clients will be able to analyze and Monitor at client and enterprise level ex-post performance, risk and analytics, calculated by First Rate, within the BITA Wealth user experience.

“Firms will be able to access our combined solution through First Rate service bureau or other outsourced providers, First Rate managed hosting service, or via a deployed solution, catering to the firm’s individual needs,” said Deborah Repak Managing Director of First Rate Global. “We are already working together on our first mutual client and see a great opportunity in bringing First Rate and BITA Risk platforms together in a way that benefits wealth management professionals.”

The strategic partnership with BITA Risk comes on the heels of other strategic integration partnerships that bring the power of investment performance data and client reporting into other best-of-breed applications used by wealth managers. First Rate’s strategy is to deliver industry-leading investment performance and client reporting solutions through multiple platforms utilized by wealth management professionals.

Contact First Rate today to learn more about the partnership between First Rate and BITA Risk. For more information about First Rate, please visit or email [email protected].

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