BITA Risk and First Rate partner to offer integrated wealth management solution

BITA Risk, a leading provider of wealth management solutions to the financial services marketplace, today announced a strategic partnership with First Rate to provide enhanced performance, ex-post and ex-ante 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.

“We believe that it will be a step change to be able to bring the opportunity of full GIPS compliant performance analysis to our clients,” said Daryl Roxburgh, Global Head of BITA Risk. “The combination of First Rate’s ex-post and BITA Risk’s ex-ante gives the manager a clear view of where their clients have been and where they are going, together with BITA Risk’s portfolio analytics to help them understand why.”

Partnership highlights:

  • BITA Risk clients will be able to seamlessly generate a full range of performance and client reporting statements through BITA Wealth leveraging the real-time First Rate APIs.
  • First Rate clients who adopt BITA Wealth through the First Rate platform will gain access to powerful ex-ante analytics and ‘what if’ analysis, risk profiling, proposal generation, pre-trade compliance, portfolio monitoring against IPS, policy or model in an enterprise view.
  • Both sets of clients will be able to analyse and Monitor at client and enterprise level, ex-post performance, risk and analytics calculated by First Rate, within the BITA Wealth user experience.

“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,” said Deborah Repak, Managing Director of Global, First Rate. “We are already working together on our first mutual client and see a great opportunity in bringing First Rate and BITA Risk platforms together in a way that benefits wealth management professionals.”

The strategic partnership with First Rate builds further the BITA Risk ecosystem as it integrates data and services from leading providers into its multi-award winning innovative wealth management application.  BITA Risk’s strategy is to deliver industry leading client, investment, risk management and monitoring solutions to the manager and the enterprise. 

Contact First Rate today to learn more about the partnership between First Rate and BITA Risk. For more information about First Rate, please visit www.FirstRate.com.

About First Rate

First Rate exists to help wealth management companies grow and thrive as stewards of their client’s investments. Our reporting solutions help financial firms create absolute transparency while empowering investors to simplify and better understand their financial world. For BITA Clients: First Rate currently provides services to over 500 firms with $2tr AUM.

You can learn more about First Rate here.

About BITA Risk

BITA Risk is a leading provider of specialised wealth management risk and suitability management software tools and is part of the London headquartered financial services software group, corfinancial.

You can learn more about BITA Risk here