First Rate Launches New AI-Driven Innovations and Enhanced Data Aggregation Capabilities

By David Lemon.
Updated Mar 23, 2021

ARLINGTON, Texas (PRWEB) March 23, 2021 - First Rate, a leading provider of financial service technology solutions to the wealth management marketplace, announced today the release of a completely redesigned and enhanced technology platform. These innovations, driven by Artificial Intelligence (AI) and machine learning technologies, include the launch of several new on-demand reporting technology solutions, a powerful data aggregation capability, and intelligent data analytics.

Data Aggregation as a Service (DAASTM) is the latest iteration of First Rates long history of providing data aggregation solutions as part of its core performance reporting platform. Driven by the need for wealth management firms to be able to consume and consolidate structured and unstructured data, DAAS is a next-generation data aggregation approach driven by AI technologies. DAAS will be instrumental in helping wealth firms report on outside held assets, including most notably the rapidly growing use of alternative assets in HNW portfolios.

Through an outsourced, automated solution, DAAS will eliminate costly manual workflows and drive incremental revenues by attracting and working with more HNW clients to report on a bigger share of those clients assets.

Also included in the technology innovations release are three new solutions designed to extend First Rates offering to provide flexibility and intelligent insights. These innovative solutions are available as part of the total First Rate platform as well as in components so that firms can easily integrate into their existing tech stack. Reduce development time, expense, and get to market much more quickly with a modern solution.

Wealth management is being transformed by technology innovation and disruption on a rapid time-table that is waiting for no one, said Emily Traxler, Chief Marketing Officer for First Rate. To help our clients stay on top of these developments, we have made significant investments into a suite of reporting solutions that have the latest technologies, such as AI, directly integrated to provide the most customizable, comprehensive, and flexible reporting solutions in the industry. Technology as it should be is our new approach to providing a comprehensive platform that spans an organizations needs and significantly improves the advisor and client experience they are looking to deliver.

Also included in the reporting innovations is a new module for Environmental, Social, and Governance (ESG) reporting, as well as new, white label capabilities for firms to create Pixel Perfect Reports that can be designed and developed on the fly through a no code approach, empowering advisors to tell their investment story while not using up valuable IT resources.

According to recent research from First Rate*,

Financial Services firms need to enhance the client and advisor experience in order to attract and retain the best clients and the best advisors, or risk getting left behind. Most importantly, as investing is rapidly being commoditized and prices are heading towards zero, advisors need better tools and technologies to tell their story to continue to command premium pricingThe good news is that through technology innovation--particularly from artificial intelligence (AI)--firms can now deliver customized reporting, intelligent data aggregation, and data analytics at their fingertips. The solutions are customizable, flexible, visually compelling, automated, and all at a lower cost.

The challenge for wealth management firms today is to deliver the tools, technologies, and resources their advisors need that can be personalized at scale, said Traxler. With our new innovative solutions, we are delighted to be able to partner with our clients and truly deliver a differentiated solution to help them continue to grow, compete, and succeed.

Learn more about First Rates new technology innovations by downloading the latest industry research, http://www.FirstRate.com.

About First Rate

First Rate exists to help wealth management companies grow and thrive as stewards of their clients investments. Our innovative technology solutions help financial firms create absolute transparency while empowering investors to simplify and better understand their financial world. Through First Rates holistic view of engagement, we deliver adaptable and tailored solutions and services that sustain long-term relationships. With a proven track record including more than 30 years of experience, our relentless focus on meeting the diverse needs of our partners is unmatched in the industry. We design the best technologies and foster superior client relationships, enabling our partners to prosper by providing similar successful and enduring relationships to investors. First Rate gives financial firms peace of mind by delivering consistent, accurate results that are designed to address the specific needs of their business and their investors. To learn more about First Rates capabilities, log onto http://www.FirstRate.com.

Website: http://www.FirstRate.com Follow us: @FirstRatePerf

*Reporting How You Want It Wealth Management Innovation From AI-Driven Technologies First Rate White Paper