October 26th, 2009 Bill Winterberg
ByAllAccounts, one of the leading asset aggregation providers in the independent investment adviser space, just announced two incentives for advisers using the Schwab Performance Technologies® PortfolioCenter® portfolio management system.
Here are the details:
If you’re a current PortfolioCenter® user, you can earn a $500 credit for each referral that signs up for the aggregation service by December 31, 2009.
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September 11th, 2009 Bill Winterberg
Sure enough, yesterday I posted about announcements coming from technology vendors leading up to Schwab’s IMPACT 2009 Conference.
Today, Tamarac Inc., best known for their SaaS rebalancing solution, announced the release of its Tamarac Advisor® 9 platform (coverage from InvestmentNews). This platform expands on the company’s rebalancing offering to include the following technologies:
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November 26th, 2008 Bill Winterberg
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.
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August 11th, 2008 Bill Winterberg
Here’s another quick update to today’s news of Morningstar’s purchase of FCSI. Dusty Huxford sent the message copied below through the FCSI alerts listserv. I am subscribed to the alerts, though I didn’t receive his message today. I had to get it through other resources. I must not be a valued FCSI client!
August 11, 2008
Dear FCSI client,
I am writing to make you aware of some exciting news. We are pleased to tell you that Morningstar is acquiring Financial Computer Support, Inc. (FCSI).
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August 11th, 2008 Bill Winterberg
Today I learned from Financial Advisor Magazine’s breaking news email that Morningstar announced an agreement to buy FCSI, the makers of dbCAMS+ software. This is important news to me as my firm is a current user of dbCAMS as mentioned here, here, and here at FPPad.com
Click here to see the article on Financial Advisor Magazine.
Click here to see a similar article on Business Week.
We also received an email from Chris Boruff at Morningstar’s advisor channel that provided more specific details on the timetable of the acquisition and what it might mean to current dbCAMS users.
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August 5th, 2008 Bill Winterberg
The portfolio management software (PMS) currently used in my firm is dbCAMS+. While many advisers and back-office support staff that I talk to feel dbCAMS+ lacks powerful features, I find that there are hidden gems in the software if you know where to find them.
dbCAMS Command Window
For example, I discovered the Command Window buried in dbCAMS’ Tools menu not too long ago. The Command Window allows scripts, both basic and complex, to be executed in order to modify database information. One example where the Command Window has proved to be very powerful is when I need to change non-managed assets of a client to managed assets as they increase their level of service with the firm.
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July 14th, 2008 Bill Winterberg
If you’re at all involved in operations and client security reporting, you likely need to identify all of your clients that hold Indymac Bank products.
Over the weekend, Indymac Bank was taken over by federal regulators and control was transferred over the the FDIC. Click here for the CNN Money story.
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May 21st, 2008 Bill Winterberg
Schwab Institutional recently announced updates to its online Portfolio Rebalancer utility. In response to feedback from advisers, Schwab added several new features to the rebalancing tool.
Holding Information View
The first feature added is the ability to view holding information for a client either by account or in aggregate from the primary step. This option saves a few clicks so the user can quickly identify the relevant holdings for any given client.
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May 12th, 2008 Bill Winterberg
At the end of April, Charles Schwab and Texas Tech University announced the creation of a Schwab Technology Complex on the University’s campus, and also named Danielle Winchester as the first Schwab Research Scholar.
Click the link to view the Charles Schwab and Texas Tech University press release.
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April 15th, 2008 Bill Winterberg
During the production of our quarterly reports earlier this month, I discovered an interesting property of our portfolio management software (PMS), dbCAMS+. The reports delivered to clients include a variety of information including a report showing the time weighted rate of return (TWR) for asset classes and the portfolio as a whole.
TWR Primer
Essentially a TWR report eliminates the effect of cash flows into and out of an investment and simply identifies the return of the underlying asset. Since cash flow is negated, TWR has become a useful measure when comparing investment managers’ performance, as they cannot control the inflow and outflow of cash within their managed assets.
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