Schwab Performance Technologies (SPT) recently announced the launch of PortfolioCenter Hosted, a new solution for independent registered investment advisors (RIAs), giving them more choice and flexibility in portfolio management technology.
PortfolioCenter Hosted has the full functionality of SPT’s flagship portfolio management software PortfolioCenter, but with the added benefit of outsourcing the technology infrastructure and management to Schwab Performance Technologies.
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"PortfolioCenter Hosted allows advisors access to data online anytime, anywhere, in a protected, secure environment. It is an ideal fit for advisors who want to keep control of their data, but want to spend less time managing technology infrastructure," said Brian Shenson, vice president of Advisor Technology Solutions for Schwab Advisor Services.
PortfolioCenter Hosted allows advisors to reduce and outsource the technology inherent in a local desktop solution, such as physical infrastructure (servers, back up equipment, hardware, secure premises), software administration (updates, upgrades, IT consulting/support services), as well as having staff focused on managing technology.
This hosted version of PortfolioCenter will be priced for as low as $1,200 per quarter and will have no transition costs for advisors who custody assets with Schwab Advisor Services.
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By GlobalDataIn addition to the rollout of PortfolioCenter Hosted, SPT is also continuing to make enhancements to the fully outsourced solution Schwab OpenView Integrated Office (Integrated Office), including an advisor branded end-client portal to view financial information (top holdings and asset allocation) and retrieve performance reports at quarter end. This new end-client portal will enhance the value of Integrated Office by providing a tool that can help advisors extend their brand and serve their clients online.
Last fall, SPT also selected NetDocuments to add cloud-based document management to Integrated Office. NetDocuments brought advisors the means to easily save, retrieve, and edit client files from within their CRM. This capability allows for quick search and retrieval of key documents while on the road and helps advisors run a paperless office.
