First Rate Celebrates 23 Years Of Service in the Financial Services Industry

First Rate Anniversary CTAArlington, TX – July 22, 2014 – First Rate, a leading provider of performance measurement and client reporting solutions, celebrates 23 years of service with its clients and partners around the world.

In 1991, David Stone had the vision to start a company in Arlington, Texas, to enhance investment accounting systems through performance analysis tools. With a very limited budget and an office housed in his family’s living room, he founded First Rate, Inc., which today is a leading provider of performance measurement and client reporting solutions for the financial services industry. By 1994, Stone signed on First Rate’s very first client, measuring less than 20,000 portfolios. Today that same client is still on First Rate’s system and currently measures more than 200,000 portfolios.

“Celebrating 23 years of providing software and services demonstrates First Rate’s ability to be ever adaptable to the changing needs of our customers,” said First Rate President Craig Wietz. “Over that time, people have changed, technology has changed, requirements have changed, and First Rate has been able to continue to help our clients provide the client reporting and other services in a way that gives them peace of mind and meets the ever-increasing demand that has evolved over this time period.”

Since 2000, First Rate has been a cloud-based solution provider and currently serves more than 300 investment firms, measuring and reporting more than 1 million portfolios on First Rate’s system, with more than $1 trillion in assets under management.

This year First Rate has continued to deliver on its core services while also enhancing its suite of products to answer client needs and expand into additional markets with new products ARKON and Lightning. ARKON, launched in March, is a new breed of wealth management technology that combines CRM, investment performance measurement, client reporting, fee management and portfolio oversight on a single platform designed specifically for financial service providers. In addition to ARKON, First Rate will launch Lightning in August, which provides financial institutions with a turnkey solution to deliver easy-to-use and sophisticated firm-branded reports in a flexible and scalable reporting structure.

As First Rate celebrates 23 years of business, the company reflects on where it has come from, a young entrepreneur’s dream, to where it has grown, a top investment performance and client reporting provider. First Rate is proud to be an award-winning company with a strong reputation for service and specialization, and it is firmly committed to serving the industry for years to come.

“Clients and prospects can expect First Rate to be a provider that will listen to client needs but also be an industry resource for the best practices and latest technologies for firms that are providing client reporting focused around the investment process,” said Wietz. “Not only will First Rate be able to deliver on what clients are asking for, but also be able to give insight to the direction of the industry and how firms can leverage that insight using the core application and services as well as providing ways to tailor each client’s use of these services should they wish to take advantage of that.”

For more information on First Rate, please visit

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