Adhesion Technologies, a firm known
primarily as a supplier of account aggregation technologies to larger
financial institutions, recently announced the release of the WealthADV
Platform version 2.0.
"Our firm now has a product that is designed specially for the RIA marketplace," says Rich Conley, the company's senior vice president of sales.
"The WealthADV Platform version 2.0 is a comprehensive, outsourced
platform for RIA's covering the entire spectrum from the front to the
back office."
The WealthADV Platform offers three tiers of
service. The first tier offers, in essence, an outsourced Web-based
version of Schwab's PortfolioCenter that includes daily downloads and
reconciliation. Adhesion offers a choice between PortfolioCenter Web
portal or Adhesion's own enhanced proprietary portal for data access.
The platform can also capture "held away" asset information in OFX
format (the same format used by Money and Quicken) and incorporate this
information into the platform's analysis and reporting
capabilities. A portal providing portfolio access and report
sharing to clients rounds out the package.
The second tier of service includes an enhanced
portfolio measurement engine capable of point-to-point reporting and
attribution analysis.
The third tier of service, to be offered in
conjunction with Upstream Technologies, will offer additional services
such as portfolio modeling, portfolio rebalancing, pre-trade
compliance, tax loss harvesting and portfolio optimization. Full
integration of the Upstream software into the WealthADV Platform is
expected before the end of 2005. For further information, visit
http://www.adhesiontech.com/index.html.