Schwab Institutional debuts innovative technology adoption scorecard
A new tool is available to firms that use the custodial services of San Francisco-based Schwab Institutional that technology providers and their customers could find mutually beneficial.
The Technology Adoption Scorecard is a way for advisers to get a sense of how much their employees are using various free tools available through schwabinstitutional.com.
It also shows those advisers how they measure up in terms of technology adoption when compared against a benchmark of other firms Schwab has put together.
The scorecard tracks usage of online account servicing tools, including opening new accounts, trading, cashiering, and more.
For more information on the scorecard visit
Schwab Institutional online.
Albridge introduces new managed account reporting features
Albridge Solutions Inc. based in Lawrenceville, NJ, has added detailed separately managed account performance reporting features to its wealth reporting offerings.
The new features allow financial advisers whose clients have SMAs to automatically produce a uniform asset allocation and helps advisers with the reconciliation of transaction data that includes both the client’s SMA and retail accounts.
Previous to this offering SMA program managers had to classify assets according to their own proprietary methodologies, while financial advisers, on the other hand, commonly relied on asset classifications provided by a third-party service.
The new reports support the classification of investment positions at the security, account or money manager level.
With the new reports advisers also have access to Rogerscasey money manager classifications and benchmarks that cover more than 750 separately managed account products.
For more in-depth information on the new reporting features visit
Albridge Solutions online.
Filing cabinets versus electrons
The ten million pieces of paper needed to fill 500 standard-sized filing cabinets (the four-drawer, 12 cubic foot variety) will also nicely fit — in electronic format — into a tiny 500 gigabyte hard drive.
So says Laserfiche, the Long Beach Calif.-based document management company, which continues to distribute interesting statistics as part of its marketing efforts.
The company then goes on to compare the Manhattan real estate rental cost it would take to house the cabinets as opposed to the gigabytes..
In a nutshell, it’s a big difference. We won’t bother you with the details, but we will go on to provide a link to the paperless office primer we did recently.
No matter how you calculate it or compare it, implementing the right document management system for your firm will save you money and time and make your operation more efficient in the long run.
Visit
Laserfiche online for more on their statistics and products.
