Schwab PortfolioCenter may be poised to shed its utilitarian image
Long a favorite for the small RIA, its spiffier reports and early admission in Schwab's grand technology plan give it a bigger future
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June 11, 2019 at 9:49 PM
Technology Tools for Today
Consulting Firm
Top Executive: Joel Bruckenstein
Bill Winterberg
This is a needed update for Schwab Performance Technologies® PortfolioCenter®, as they were behind the curve compared to performance reporting engines such as <a href="http://www.assette.com/ProductEasyReportsTO.asp" rel="nofollow">Assette EasyReports.</a>
Granted, Assette is not an accounting system, but their report design interface is built using Microsoft PowerPoint template files. If you can make PowerPoint slides, you can make custom performance reports; there’s almost no learning curve.
But where Schwab can add value is the delivery of reports after production. Once reports are generated by PortfolioCenter, then what?
It would be nice if a feature similar to <a href="http://www.trumpetinc.com/svc_assemblage_details.jsp" rel="nofollow">Trumpet’s Assemblage</a> was added, where batch processed reports were collated with cover letters and invoices and automatically uploaded to the advisor’s secure document vault for client delivery.
If Schwab were to add that kind of report delivery function, now you’re talking about a truly scalable reporting solution for the most innovative of advisory firms.
Bill @ <a href="http://fppad.com" rel="nofollow">FPPad.com</a>
