First Rate Changes the Way Community Banks and Investment Advisors Compete with Larger Firms with the Recent Launch of Lightning

Lightning, an affordable turnkey reporting interface, provides audited performance results and sophisticated reporting in a flexible and scalable structure that was previously only available to larger banks, RIAs and wirehouses

Arlington, TX – September 24, 2014 – First Rate, a leading provider of performance measurement and client reporting solutions for the financial services industry, today announced the launch of a turnkey solution to deliver easy to use and sophisticated firm-branded client reports in a flexible and scalable solution called First Rate Lightning.

“Lightning was developed to give community banks and RIAs the ability to compete with their larger competitors,” said First Rate General Manager Marshall Smith. “Lightning is the unique combination of a turnkey reporting interface, audited performance results and sophisticated branded reporting that to date has only been available to larger banks, RIAs and wirehouses.”

With Lightning, First Rate is able to offer trust companies and registered investment advisers a solution that can provide accurate, reliable, and easy to obtain reporting at a price that fits each firm’s size and budget. First Rate will work with each firm to identify a tier level that includes a client reporting package that compliments the firms’ investment story.

“By launching Lightning, First Rate furthers its goal to provide all wealth managers, regardless of size and technology budget, the ability to tell their investment story through performance reporting,” said Smith.

Streamlined turnkey reporting is quickly becoming an industry best practice, helping firms focus on meeting with clients and managing portfolios, not spending countless hours manually piecing together client reports. With more than two decades of innovation in investment performance measurement and analysis, First Rate understands the need for an outsourced performance reporting solution that compliments a wealth manager’s investment process and utilizes industry compliant calculation methodologies and best practices. Lightning provides clients peace of mind knowing that their performance results are audited and validated by a team of performance professionals.

From precision to compliance to relevance, Lightning solves key reporting challenges and can easily upgrade your reporting situation. Contact First Rate today to see how First Rate Lightning can help benefit your investment performance and client reporting process.

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