Glenmede Trust Company Chooses First Rate Performance

Arlington, TX – February 4, 2014  – First Rate, a leading provider of performance measurement and client reporting solutions for the financial services industry, today announced that Glenmede Trust Company has chosen First Rate’s performance solution, specifically its cloud-based service, to handle all technical processes and technology support.

Glenmede, a privately held and independently owned trust company, focuses exclusively on providing investment management, strategic advice, and administrative services. Founded in 1956, the firm manages more than $25 billion for families, family offices, endowments, and foundations.

“First Rate proved to have a differentiated level of experience, system reliability, and capabilities,” said Kate Koch, director of operations at Glenmede. “In addition to a powerful calculation engine, the technology eliminates numerous manual processes and provides a more streamlined workflow.”

In addition to the presentation of performance data in a robust and flexible reporting tool, First Rate’s open architecture solution offers Glenmede real-time data edits, exception-based auditing, calculation of daily performance, and seamless integration with other client reporting and composite management tools.

“We are delighted to have Glenmede on our platform and are pleased to be able to provide them with the tools they need to offer a great service to their clients,” said Bo McWilliams, director of Managed Hosting at First Rate. “Our cloud-based solution has the flexibility to host Glenmede on a superior performance measurement solution while allowing their team to be in the driver’s seat to maintain control of their client reporting process.”

First Rate currently provides performance services for more than one million portfolios and is constantly updating its system to keep up with industry guidelines and best practices. First Rate clients benefit not only from the past 20 years of joint discovery and development but also from the future enhancements that are added to its products several times a year.

Contact First Rate today to see how we can provide superior investment performance and client reporting solutions tailored to your firm’s specific needs. For more information about Glenmede Trust Company, visit


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