Online versions of eMoney Advisor now integrated with Redtail CRM
EMoney Advisor of Conshohocken, Pa., and Gold River, Calif.-based Redtail Technology Inc. this week announced the completed integration between the online versions of their product lines.
EMoney Advisor produces the eMoney 360 and 360Pro wealth- and goal-planning applications used by financial advisers, while Redtail provides a popular web-based client relationship management application intended for advisers.
The new integration provides single-sign-on synchronization of client data between the applications, as well as access and upload capability for eMoney’s document vault feature.
“The integration of eMoney 360 and eMoney 360Pro with Redtail CRM is going to significantly reduce redundancies in data management for advisers.” Edmond Walters, eMoney Advisor’s chief executive, said in a statement.
Redtail’s CRM system is used by over 40 independent broker-dealers as well as many independent advisers.
Similarly, eMoney 360 and 360Pro are used by independent advisers and offered as part of Boston-based
LPL Financial’s technology platform.
For more information visit
eMoney Advisor and
Redtail online.
Celent report predicts tough times for overall IT spending in financial services
The weakening economy will have a significant impact on IT spending in 2009 and 2010, according to a new report, “Securities & Investments IT Spending Update: Navigating the New Volatility,” from Celent, a Boston-based financial research and consulting firm.
Celent projects that total S&I technology spending will contract by 7.1% next year, from $74.7 billion to $69.4 billion, due to cuts in North American sell-side spending.
Despite difficult market conditions, Celent believes that exchanges,
custodians and clearing organizations will increase IT spending in 2009, while brokerages and hedge funds will trim spending.
The firm predicts that if a recovery begins by the end of 2009, an upturn in global capital markets and wealth management IT spending should follow in 2010. According to the report, this would mean a moderate expansion of 4.2% in spending for 2010 followed by 7.8% growth for 2011.
For more information see the full statement at
Celent’s website.
New version of portfolio performance calculator available
Hamilton Software Inc. has released Easy ROR Pro 10, the latest version of its portfolio performance calculator for advisers, money managers, accountants and investors.
The Centennial, Colo.-based company’s software rate-of-return calculation requires only external cash flow information, including deposit, withdrawal and balance data.
Version 10 meets the more stringent Global Investment Performance Standards, or GIPS, which will become effective Jan 1, 2010.
The software provides all GIPS-required methods for calculating time-weighted rate of return and composite portfolio performance, and uses daily-weighted methods for applying cash flows, according to the firm.
It also performs a number of GIPS-recommended functions, such as portfolio benchmarking (including user-blended benchmarks and either raw or “as-invested” comparisons), superimposed performance charting, and portfolio risk analysis —providing metrics like beta, volatility, and Sharpe ratio.
Easy ROR Pro 10.0 lists for $299.95. A free trial of the program can be downloaded from the company’s website,
Hamilton Software.
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Davis D. Janowski is the technology reporter for InvestmentNews.
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