Advisor Products has moved. Our new address is:
333 Jericho Turnpike
Jericho, NY 11753
Our phone number remains the same at (516) 333-0066 or (888) 274-5755.
At a recent session of the Financial Advisor Webinar Series, Mike Williams of Schwab Performance Technologies (SPT) talked about what developments in PortfolioCenter and PortfolioServices.
While we usually don’t invite vendors to talk about their products at our webinars, we made an exception because Schwab is so influential; SPT is used by 3,300 advisory firms and its parent provides custodial services to 6,000 RIAs.
Despite allotting 25 minutes for questions, attendees at the session had more questions than Williams could answer. So we passed along to Williams the unanswered questions chatted in by attendees. In this post, Williams answers those questions.
Do you use ByAll Accounts to connect to custodians that you do not have direct interfaces with?
Yes. Both our PortfolioCenter and PortfolioServices products can leverage ByAllAccounts to acquire account information from financial institutions with which there is no available direct data feed.
When will the custom report enhancements you talked about at the webinar be available?
The first general release of the new report presentations will be in mid-2010. Subsequent releases will occur later this year and throughout 2011.
For the new graphical reporting: will a PortfolioCenter user need the Enhanced Reporting Module (ERM), and what is the cost of the ERM for a current PC user?
Yes, the new report presentations require a PortfolioCenter Enhanced license. The Enhanced Reporting Module is $1,500 year one and carries an annual maintenance fee of $500. Please contact SPT Sales at (800) 528-9595, option 2 for further information.
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Where the guidelines go wrong and muddle the rules, however, is in an effort to distinguish “static” and “non-static” content.
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Advisor Products’ Quarterly Market Summary becomes available Monday for the fourth quarter of 2009.
QMS is a comprehensive analysis of activity in stock and bond markets and examines a range of asset classes.
It is utilized as a companion piece with quarterly performance reports provided by RIAs.
Written by a veteran financial reporter and edited by one of the nation’s leading financial editors, QMS is delivered to subscribers as an eight-page Microsoft Word document 10 days after the end of every quarter. You can cut, paste, and edit QMS to fit your needs.
Each quarterly release of QMS typically covers performance of:
Because of the time sensitive nature of the content, QMS is submitted for review by FINRA only after it is distributed to RIAs. Registered reps, therefore, should consult with their broker/dealer about its use.