Project PM 2 : Next generation portfolio managementAs one of the largest providers of portfolio management software to RIAs, Schwab Performance Technologies announced plans to develop a next generation portfolio management system called Project PM 2. “The portfolio management process itself is not as valuable as the outcome of the process: the information that is shared, conversations and trust that are built between the advisor and the client,” said Hathi. “We have a new vision for portfolio management that will access custodial data directly, create dashboards, reports and presentations rapidly, enabling an advisor to easily uncover insights, and through one-step publishing, let the advisor share information with clients directly anytime, anywhere.” Schwab Intelligent Integration Schwab continues to expand on its mission to help advisors get the most out of their technology solutions. Recognizing the growing importance of financial planning capabilities for today’s advisors, Schwab Performance Technologies is announcing today the expansion of its relationship with PIEtech to integrate the popular MoneyGuide Pro financial planning solution into the Schwab OpenView Integrated Office™ platform. Schwab Intelligent Technologies™ continues to expand Schwab OpenView MarketSquare, the review site that compiles feedback and ratings from RIAs on some of the leading technology vendors and products in the industry. Twenty-five of the nearly 70 MarketSquare technology vendors will be participating at IMPACT this year with 14 of those featured in kiosks on the show floor. “Technology is mission critical to the advisor’s business,” said Brian Shenson, vice president, Advisor Technology Solutions, Schwab Advisor Services. “Through Schwab Intelligent Integration we have been making big strides towards enabling advisors to navigate their technology choices in this expanding ecosystem, and then actively integrate their technology investments into day-to-day workflows in order to demonstrably scale and grow their business and better serve clients.”
Key Technology TrendsDuring her IMPACT presentation, Hathi detailed four key trends that Schwab considers critical for advisors: mobile, cloud-computing, big data, and integration. The technology updates announced at IMPACT all leverage a combination of these trends and can be seen as the next series of initiatives being rolled out by Schwab to support the growth and success of independent RIAs and the RIA industry. More details about how Schwab is advocating on behalf of RIAs, enabling them to compete with other models, preparing them to thrive in an ever changing environment, and supporting them in transforming their client relationships are available in a news release highlighting the IMPACT 2013 opening presentation by Bernie Clark, executive vice president and head of Schwab Advisor Services. Follow IMPACT 2013 news & updates @Schwab4RIAs #SchwabIMPACT. Charles Schwab & Co., Inc., Schwab Performance Technologies and Schwab Intelligent Technologies are affiliated as separate subsidiaries of The Charles Schwab Corporation, but their respective products and services are independent of each other. About Schwab Performance Technologies Founded in 1985, Schwab Performance Technologies® (SPT) is a subsidiary of The Charles Schwab Corporation and a leading provider of portfolio management and accounting solutions to approximately 3,800 independent financial advisors and investment managers. PortfolioCenter®, PortfolioServices, and Schwab OpenView Integrated Office™ are products of SPT. An open architecture firm, SPT provides services to all independent advisors regardless of custodial relationships. SPT also supports third-party outsourcing providers that use PortfolioCenter as the basis for their offering. More information is available at www.schwabpt.com. About Schwab Intelligent Technologies Schwab Intelligent Integration is a multi-year initiative designed to increase integration between disparate systems and workflows in advisors’ offices. Schwab OpenView MarketSquare™, Schwab OpenView Gateway™ and the Schwab OpenView Workflow Library™ are products of Schwab Intelligent Technologies™. Participating providers in Schwab OpenView Gateway are Junxure, Microsoft, Salentica, salesforce.com, and Tamarac. More information about Schwab Intelligent Integration is available at www.schwabintelligenttechnologies.com. About Schwab At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity.