Our firm uses dbCAMS for a variety of portfolio management procedures, including daily account reconciliation, rebalancing, and quarterly reporting. The creators of dbCAMS, Financial Computer Support, Inc. (FCSI), was recently acquired by Morningstar. Morningstar purchased FCSI and its dbCAMS product to enhance the company’s visibility in advisers’ day-to-day management of client portfolios.
Not much mention has been made about Morningstar’s plans for dbCAMS, but I recently came across the Fall issue of Morningstar Advisor that sheds some light on their plans.
Primarily, Morningstar plans to integrate dbCAMS with the Principia line of products to enable portfolio data to be used directly in Principia reports.
For all the integration details, click here to read the Fall issue of Morningstar Advisor.
Here’s my question: Will I be able to specify the allocation breakdown within one mutual fund? In other words, I want to make sure my balanced mutual fund shows up as, say, 55% US Large Cap and 45% Fixed Income.
Today I have to choose just one allocation which makes rebalancing to specified targets difficult (that’s an understatement).
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