Portland, OR - For the independent investment advisor, going solo to gain greater control over how clients are served and how business is run often comes at a price of losing the support and infrastructure a large financial-services firm provides.
For many RIAs, managing back-office operations without back-office staff is one of the most vexing and challenging aspects of their business. And never more so than when going head-to-head with the electronic custodial download.
"Client downloads are like voodoo for most investment advisors," says Ralph Wells, Chief Operating Officer for Cornerstone Revolutions, Inc., developer of the recently released PowerBroker asset management software. "They don't always understand what happens between the custodial service that provides the data and the quarterly financial report they hand to their client." And there's no reason they should, Wells contends, with the right portfolio management software behind the curtain.
Recognizing the entrepreneurial nature of the financial industry's RIAs, PowerBroker provides the independent advisor with the support and flexibility needed to operate alone. Using the free custodial interfaces, advisors can download clients and accounts, positions, pricing, securities, and transactions through multiple custodial relationships.
In addition, PowerBroker users can automatically set-up their own links to new custodial downloads as they're released and receive transactional data at no additional cost with current maintenance agreements. "For independent investment advisors running their own shops, time is a commodity," observes Jean Sandwick, Cornerstone's director of sales. "Using PowerBroker's custodial interface, advisors can easily bring in a download in minutes without having to pay an incremental fee or purchase additional software."
PowerBroker also includes generic data import templates to accommodate easy loading of excel data into the system, giving investment professionals greater control of client data and, ultimately, greater control in serving the client's needs.
"The right tools for RIAs should support all the reasons they became independent advisors," Sandwick notes. "PowerBroker asset management software helps maintain the independence of the small financial advisor by offering tools for managing their business and their clients." And keeps them out from behind that curtain.
For a complete listing of Cornerstone asset management tools and pricing, visit www.powerbrokertools.com, or call Cornerstone Revolutions, Inc. at 503-968-7202 for additional information.
About: Cornerstone Revolutions, Inc., is a software development firm specializing in applications for financial professionals, located in Portland, Oregon.
