Why the Front Office Needs a Revolution

Date: May 26, 2011

Join the StatPro Revolution

The front office is in need of a revolution. And those who don’t embrace change will lose competitive advantage, fast.

Bringing Portfolio Analysis and Reporting into the Cloud

That’s the central message of our new “red” paper – so named because, unlike traditional white papers, this piece outlines a radically new approach to performance measurement attribution and risk for the front-office. The new approach? Use the cloud, lower the cost, make it easy to load portfolios for analysis and give “always-on”, Web-based access to anyone with a user ID and a password within an organization.

Who Benefits?

This is unheard of for custodians, asset managers and RIAs, who are used to expensive hardware, installed software or self-made excel spreadsheets for performance analysis and reporting. In addition to being costly or error prone, these traditional systems don’t draw on cloud technologies or provide easy access for anyone in the front office. Neither do  traditional systems enable easy online reporting for sharing information with clients, external regulatory agencies or internal marketing and sales teams.

Furthermore, most of these services rely on data that isn’t consistent with the data used elsewhere in the firm, and it’s hard to link the data to the middle and back office. This makes it hard for most portfolio managers to provide true accuracy and transparency around their performance and risk to their clients, as well as to internal staff.

What are the Benefits?

The StatPro solution is our portfolio management software, Revolution, and the name speaks to the fundamental mission of this new platform: to transform the way data and portfolio analytics are managed in the front office. We’ve got more information within our website, of course, but Revolution will be launching officially at the Morningstar conference, June 8-10, in Chicago. You can also download our red paper.

Early participants in this game-changing technology shift include RIAs like Regan Investments, asset managers like, Brown Brothers Harriman’s 1818 fund and custodians like RBC Dexia. These visionaries understand that changing their front-office technology is critical to their continued success. Will you join the Revolution?

For more info, give us a call, post your comments, or visit us at Morningstar – call Simon Stillwell at 617-401-5935 to set up a demo or drop by booth #161. And check out our  live Twitter feed from Morningstar.