BITA Risk, part of the London-headquartered financial services software group Cor Financial Solutions, has formed a strategic partnership with wealth management solutions provider, First Rate to provide enhanced performance, risk and portfolio analysis, and portfolio modelling tools to the wealth management sector.
The partnership will enable First Rate’s ex-post performance, risk and attribution data in addition to client reporting to be accessed through BITA Risk's portfolio management solution, BITA Wealth, and for that application to be available to First Rate’s clients through their current channels.
Deborah Repak, managing director of global, First Rate said: “Firms will be able to access our combined solution through First Rate service bureau or other outsourced providers, First Rate managed hosting service, or via a deployed solution, catering to the firm’s individual needs.”
Both sets of clients will also be able to analyse and monitor at client and enterprise level calculated by First Rate, within the BITA Wealth user experience.
BITA risk is a suite of software for private wealth managers & investment advisers to construct, analyse, monitor & report on client portfolios.
First Rate reporting solutions are designed to "help financial firms create transparency while empowering investors to simplify and better understand their financial world". It currently provides services to over 500 firms with $2 trillion assets under management.