First Rate Announces Investment Performance as a Service (IPAAS)

Investment Performance as a Service is a unique delivery model that allows best-in-class fintech and platform providers the ability to enhance their solution set by delivering performance and client reporting through their own applications.    

Arlington, TX – June 10, 2019 – First Rate, a leading provider of wealth management solutions, today announced the launch of IPAAS, Investment Performance as a Service, a new strategic partnership approach enabling providers of wealth management technology a subscription-based capability to present investment performance calculation within their platform. Unlike the traditional approach to implementing a performance reporting platform or imposing a new technology strategy, IPAAS is designed to support the subscribers’ existing platform to deliver best-in-class performance data and reporting through a seamless integration.

“Best-in-class solutions result from the combination of domain expertise and absolute focus on solving a particular problem.  IPAAS allows subscribers to continue to focus on differentiating their domain area and expanding their product offering, while not having to develop expertise in a new area,” said First Rate’s Chief Product Officer Marshall Smith. “IPAAS is about empowering our subscribers to grow their end-to-end platforms. IPAAS instantly expands a subscribers’ capabilities, expertise, and solution depth while not distracting them from their core focus.”

IPAAS utilizes powerful cloud-based APIs, in addition to other modern integration fashions, to help fintech providers, custodians, broker/dealers, and other platform providers deliver robust performance calculations and complement rich datasets. By coupling First Rate’s proven processes to consume, aggregate, calculate, audit, and normalize portfolio data with the ability to output performance numbers on demand, the subscriber can receive the data in a manner that is efficient and easy to deliver to their investors.

With more than 28 years of delivering investment performance, First Rate allows subscribers to quickly broaden their capabilities while delegating to a proven provider at a justifiable cost. The new subscription offering (IPAAS) allows providers to deliver investment performance while scaling to meet the needs of subscribers with hundreds of thousands of accounts, building a foundation of trust and reliability with their performance data.

“WealthTech providers who know their value proposition and partner with others to build the best-of-breed capabilities will be the ones that survive in the long term,” said Will Trout, senior analyst at Celent. “IPAAS is an innovative approach to leveraging a cloud-based subscription model for a service that is traditionally thought of as a heavy footprint system for wealth managers.  More than simply integrating data, IPAAS enables providers building end-to-end platforms to deliver a best-of-breed capability set within an all in one environment.”

About First Rate

First Rate exists to help wealth management companies grow and thrive as stewards of their clients’ investments. Our reporting solutions help financial firms create absolute transparency while empowering investors to simplify and better understand their financial world.

Through First Rate’s holistic view of engagement, we deliver adaptable and tailored solutions that sustain long-term relationships. With a proven track record including more than 25 years of experience, our relentless focus on meeting the diverse needs of our partners is unmatched in the industry.

We design the best technologies and foster superior client relationships, enabling our partners to prosper by providing similar successful – and enduring – relationships to investors. First Rate gives financial firms peace of mind by delivering consistent, accurate results that are designed to address the specific needs of their business – and their investors.


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