Fidelity platform on schedule; Eagle upgrades

A portfolio modeling and rebalancing tool is being built into an upcoming Fidelity WealthCentral Platform.
MAY 09, 2008
By  Bloomberg
Tech Bits appears on the web and in IN Daily every Friday. Comments are welcome at IN Editor@InvestmentNews. Fidelity Institutional Wealth Services of Boston announced yesterday that it will integrate a portfolio modeling and rebalancing tool into its planned WealthCentral platform for registered investment advisors. Last year, we reported on the plans afoot by Fidelity Institutional Wealth Services to launch its Fidelity WealthCentral platform this fall. During a demonstration of the prototype rebalancing tool yesterday, Edward O’Brien, senior vice president of Fidelity Institutional Wealth Services, said the rollout of the platform is on schedule. The portfolio modeling and rebalancing tool is a web-based system that will be designed to allow RIAs to use rules and risk-based-factors to identify, measure, and control portfolio risk for accounts. Fidelity has partnered with Boston-based Northfield Information Services to build the tool. Among the features are models that allow advisers to combine multiple portfolio models into individual investment strategies, real-time pricing of trades, support of multicustodied accounts, risk-based reporting and tax-based portfolio rebalancing. For more information visit Fidelity Institutional Wealth Services. Eagle Investment Systems LLC, headquartered in West Hartford, Conn., yesterday demonstrated the latest version of its investment management platform. Among the improvements are more intuitive workflows , the ability to handle multileg swaps for derivatives, a pricing option for direct access to pricing information and the ability to modify the system so users can readily access audit information. A “dynamic performance analysis” capability was introduced to enable clients to regroup and to support ad hoc analysis and look-though analysis of mutual fund data. For more information visit Eagle Investment Systems on the Web. Davis D. Janowski is the technology reporter for InvestmentNews. Read our weekly online columns: MONDAY: IN Practice by Maureen Wilke WEDNESDAY: OpINion Online by Evan Cooper THURSDAY: IN Retirement FRIDAY: Tech Bits by Davis. D. Janowski

Latest News

RIA moves: The Mather Group, Brand Asset Management announce deals
RIA moves: The Mather Group, Brand Asset Management announce deals

Consolidation continues in US wealth management industry.

US broker-dealer fintech aims for global footprint as it acquires international firm
US broker-dealer fintech aims for global footprint as it acquires international firm

Tech company democratizes access to US trading infrastructure.

Advisor moves: RBC swipes $1.7B UBS team, Baird duo departs for LPL's Linsco channel
Advisor moves: RBC swipes $1.7B UBS team, Baird duo departs for LPL's Linsco channel

RBC Wealth Management's latest move in New York adds an elite eight-member team to its recently opened Westchester office.

Stifel star broker, Chuck Roberts, leaves firm under cloud of investor complaints
Stifel star broker, Chuck Roberts, leaves firm under cloud of investor complaints

Stifel – so far - is on the hook for more than $166 million in damages, legal fees and settlements in investor complaints involving Roberts, a 35-year industry veteran.

iCapital secures $820M in latest funding, hits $7.5B
iCapital secures $820M in latest funding, hits $7.5B

The giant alt investments platform's latest financing led by T. Rowe Price and SurgoCap Partners, along with State Street, UBS, and BNY, will fuel additional growth on multiple fronts.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.