First Rate, a leading provider of wealth management solutions to the financial services marketplace, and Opturo, a state-of-the-art data management and ex-post analytics platform, announced an integration that offers wealth management organizations a truly advanced information and technology solution.
The First Rate and Opturo partnership is in response to the rapidly evolving industry and client expectations. First Rate is dedicated to expanding its infrastructure and providing investment firms with intuitive cloud-based performance measurement solutions. This strategic partnership allows First Rate to leverage Opturo’s intelligent bolt-on architecture and provide more flexibility to their clients and it allows Opturo to leverage First Rate’s longevity in the wealth management space combined with an experienced service team and a proven hosting platform.
CES 2022 News: Vuzix and TeamViewer to Jointly Demonstrate Frontline AR Platform for Connected Workers at CES 2022
“First Rate’s expertise in managing performance operations for the largest and most complex Wealth Management firms in the world is second to none,” said First Rate President Craig Wietz. “We are proud to be able to deliver these managed services on the Opturo platform and enable our joint clients to decrease their overall cost of delivery while increasing accuracy and timeliness of performance results.”
The partnership demonstrates First Rate’s ability to provide hosting, business process outsourcing (BPO), and professional services solutions wrapped around any performance engine. First Rate’s extensive performance expertise combined with Opturo’s open flexible architecture allows us to seamlessly deliver these solutions in any environment.
Recommended AI News: Zoot Partner Healthy Is Wellness Exceeds Growth Targets
The Opturo platform consists of institutional-grade ex-post performance and attribution reporting and analytics as well as a bolt-on-data-source agnostic framework and no/low code custom application builder technology that will significantly advance and automate performance data processing for wealth management firms. Opturo offers a custom reconciliation, workflow integration, and attribution to specified controllable decisions and uncontrollable market effects.
The partnership enables First Rate to deliver Opturo’s enhanced performance and attribution, GIPS composite management reports, investment process automation, more powerful data management, data normalization, data visualization, and financial reporting as a managed service to firms worldwide.
“Together, Opturo and First Rate are excited to chart new waters in the investment management space,” said Kenneth D’Silva. “This integration will showcase a combined best-in-class cloud-based investment management solution, just when the market needs it most.”
Recommended AI News: Johnson & Johnson COVID-19 Vaccine Demonstrates 85 Percent Effectiveness Against Hospitalization In South Africa When Omicron Was Dominant
[To share your insights with us, please write to sghosh@martechseries.com]
Comments are closed.