🔍 Unlock the Power of After-Tax Performance Reporting! Traditional investment performance assessments often miss a critical factor: taxes. Our latest thought leadership article from First Rate Wealth & Institutional Managing Director, Alex Serman, CIPM, dives deep into the complexities of measuring and reporting after-tax performance and the significant impact it has on investment results. ✨ In this article, you will learn: - The importance of after-tax reporting for accurate investment insights - How to identify and report on tax alpha to showcase the value of tax-efficient strategies - Industry trends and advanced tools for delivering sophisticated after-tax performance reports 📈 By embracing these methodologies, wealth managers can provide clients with a comprehensive understanding of their investment outcomes, driving better investment strategies and fostering trust. Read the full article here: https://lnkd.in/gSb6_hau #WealthManagement #InvestmentPerformance #TaxEfficiency #FirstRate #WealthTech #Fintech #AfterTaxPerformance #ClientReporting #TaxAlpha
First Rate, Inc
Software Development
Arlington, TX 4,719 followers
First Rate exists to help wealth management companies grow and thrive as stewards of their clients' investments.
About us
First Rate exists to help wealth management companies grow and thrive as stewards of their clients’ investments. Our reporting solutions help financial firms create absolute transparency while empowering investors to simplify and better understand their financial world. Through First Rate’s holistic view of engagement, we deliver adaptable and tailored solutions that sustain long-term relationships. With a proven track record, including over 25 years of experience, our relentless focus on meeting the diverse needs of our partners is unmatched in the industry.
- Website
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http://www.FirstRate.com
External link for First Rate, Inc
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- Arlington, TX
- Type
- Privately Held
- Founded
- 1991
- Specialties
- Investment performance, investment performance measurement, investment performance reporting software, investment performance technology, investment performance software, portfolio attribution analysis, and investment performance attribution
Locations
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Primary
1903 Ascension Blvd.
Arlington, TX 76006, US
Employees at First Rate, Inc
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Joshua Reeves, CFA, CIPM
Solutions Consultant at First Rate, Inc
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Prabhakar Reddy
Managing Partner & Board Member @ FelixSolutions.AI | Strategic Advisor, Investor
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Rob Bethmann
Serving the Broker Dealer and RIA communities with innovative tech and unparalleled customer service and support at First Rate, the best kept secret…
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Kate Baird
Managing Director Wealth Management Platform
Updates
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🎙️ Tune into our latest episode of *Whiskey and WealthTech* with host, Alex Serman, CIPM, and special guest, Susan Agbenoto, CIPM, as they discuss the impact of change and technology on our lives and in the wealth management industry. In this episode, we explore the rapid advancements in technology, the evolution of fintech, new innovations, sustainability, and the shift to remote work. Learn practical strategies for navigating these industry transformations and embracing change and discover how a keeping an open mind to innovation and new technology can lead to a more fulfilling and dynamic future. Youtube | https://lnkd.in/g8PMPTxY Spotify | https://lnkd.in/g8NFw5Ze Apple | https://lnkd.in/gecKbY4V Amazon | https://lnkd.in/gdWM7ar4 #WealthManagement #WhiskeyandWealthTech #Podcast #DigitalTransformation #TechAdvancements #Fintech #WealthTech #Sustainability #RemoteWork #PersonalGrowth #Business Growth #Resilience #InvestmentPerformance
Whiskey&WealthTech | Ep 21 | The Journey of Transformation with Susan Agbenoto
https://www.youtube.com/
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📊Part 4 of our ‘Portfolio Construction’ series dives into the "Moneyball" approach for fund selection and portfolio construction, ultimately creating a winning team that outperforms traditional top-ranked funds. Our unique platform and methodology allow us to transform any asset allocation plan into a high-performing investment portfolio. Instead of focusing on individual star funds, we emphasize the performance of each fund within the portfolio, ensuring optimal interactions and overall performance. By applying risk management ideas to active returns, we achieve a greater degree of risk reduction and confidence in our investment portfolios. We fine-tune our selection process to create an alpha stream that meets our clients' return targets while maintaining both total and active volatility within guidelines. Read the full article to see how this approach not only enhances returns but also reduces volatility by taking a team of well-integrated, complementary funds that can outperform a naïve group of top-ranked funds. https://lnkd.in/gceD7qJb Looking ahead, we will explore customizing the team of funds around the client's alpha target and the role of passive investments in an active portfolio. Stay tuned as our next articles will dive deeper into these innovative concepts, further refining our holistic approach to portfolio construction. Join us on the journey to smarter investing! Alex Serman, CIPM Stephen Campisi, CFA #PortfolioConstruction #Moneyball #Investing #Alpha #RiskManagement #FinancialPlanning #InvestmentStrategy #WealthManagement #WealthTech #ClientReporting #InvestmentPerformance #WealthStewardship #InvestmentPortfolioConstruction
Portfolio Construction - Part 4 | Beating the #1 Funds
firstrate.com
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🏅Day 4: Team Spirit Day! 🏅 Yesterday we celebrated the fourth day of First Rate Fest with Team Spirit Day, where employees dressed in their favorite jerseys and competed in a fun-filled cornhole toss tournament! We focused on fellowship, making time for fun, and celebrating our favorite teams. The energy and enthusiasm were contagious as coworkers cheered each other on and shared laughs, making it a day to remember. As Dave Stone would say “Everyone’s a Winner!” #FirstRateFest #LGSE #LeavingLGSE #TeamSpirit #Fellowship #FunAtWork #Enjoy #TeamBuilding #EmployeeEngagement #CornholeTournament #SportsJerseys #CelebrateTogether
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🌎 First Rate Around the World! 🌍 Yesterday we celebrated our third day of First Rate Fest with Around the World Day, a day dedicated to celebrating our cultures from around the globe and how they make First Rate better. Highlighting one of our core values, ENJOY, we decided to celebrate with a First Rate Trivia happy hour where coworkers brought an array of their favorite cultural appetizers and went to head to head with questions about all of our global offices, as well as the big cultural happenings from 1991. Fun Trivia Fact: 1991 was not only the year First Rate was founded, but also the year the World Wide Web was introduced to the world, and last but definitely not least, the year that Terminator 2 was released! #WWW #FirstRateFest #LGSE #LeavingLGSE #DiversityandInclusion #CulturalDiversity #AroundtheWorld #CulturalDiversity #Love #Give #Serve #Enjoy #CulinaryJourney
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🎉 Fostering the fun since 1991! 🎉 Take a step back in time and laugh with us as we celebrate Day 2 of First Rate Fest: 90's Day! 🌟 From the unforgettable fashion and tech, we dove into the decade that brought us so much joy. Today, we're embracing the nostalgia and fun of the 90's, reminding ourselves of the importance of enjoying the journey. What is one of your favorite 90's memories?? Drop it in the comments. #FirstRateFest #90sDay #LGSE #leavingaLGSE #CompanyCulture #FosteringtheFun #Throwback
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Today, we celebrate 33 years of First Rate, Inc! 💫 🚀 Since 1991, we have been striving to leave a mark on the world by living out our values of Love, Give, Serve, and Enjoy with those around us. This year, we are celebrating our anniversary all week long with our first-ever FIRST RATE FEST. Kicking off the week, we decided to celebrate First Rate's legacy by bringing in the next generation...2024 BRING YOUR KID TO WORK DAY! Take a trip down the first few years with our founders, and check out how big the First Rate Family has grown over the last three decades! Dave Stone Trina Stone Kathryn Stone Allan Stone Preston Stone Craig Wietz #FirstRateFest #LGSE #leavingaLGSE #1991 #anniversary
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📊 In part three of our ‘Portfolio Construction’ series, you will discover the innovative "team of funds" approach to portfolio construction, which transforms traditional methods by focusing on fund interactions and alpha diversification. This strategy begins with a strong foundation, including thorough due diligence and market insights, then tailors fund selection to align with client asset allocations, ensuring an optimal balance of risk and return. By combining complementary funds, alpha diversification reduces active return volatility and enhances efficiency, leading to higher returns with lower volatility and superior Sharpe and Information Ratios. https://lnkd.in/gMG8_aAR 💡Next, we'll focus showing the benefits of the team approach through an experiment: can we beat the "All Star" team of highest-ranked funds? Does the benefit of "alpha diversification" move our "Moneyball" team into the winning position? Stay tuned to learn more! #InvestmentStrategy #PortfolioManagement #AlphaDiversification #FinanceInnovation #WinningPortfolio #InvestmentPortfolioConstruction #FundManagement #InvestmentPerformance Alex Serman, CIPM Stephen Wenzel
Portfolio Construction - Part 3 | Assembling a "Team of Funds"
firstrate.com
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First Rate Wins Triple Honors at 2024 WealthBriefing Wealth For Good Awards We are thrilled to announce that First Rate Inc. has been honored with **three prestigious awards** at the WealthBriefing Wealth For Good Awards 2024! 🏆🏆🏆 🏆 CSR Strategy and Implementation: Our commitment to the principles of Love, Give, Serve, and Enjoy has been recognized for creating a positive impact on our employees, clients, and communities. 🏆 Innovative Data Solution: ArtIE, our groundbreaking data solution, has revolutionized financial data transformation with its advanced AI capabilities, delivering unparalleled insights and operational efficiency. 🏆 Reporting Solution: CORE 2.0™: Our cutting-edge reporting solution, combines AI-driven functionality with customizable tools, empowering advisors to deliver exceptional value and insights to clients. These awards are a testament to our dedication to excellence, innovation, and making a positive impact in the WealthTech and FinTech sectors. Thank you to our incredible team, clients, and partners for your continued support! #AwardWinning #WealthForGood2024 #CSR #CSRStrategy #Philanthropy #companyculture #LoveGiveServeEnjoy #Innovation #WealthTech #FinTech #DataTransformation #ClientReporting #InvestmentPerformance #DataAggregation #AI https://lnkd.in/gm-V7aJz
First Rate Inc. Wins Triple Honors at WealthBriefing Wealth For Good Awards 2024
firstrate.com
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Traditional performance reporting often falls short, leaving advisors and investors without a complete understanding of portfolio performance - especially when they don't have a strategy to implement risk metrics in their reporting calculations. Many firms don’t realize the tools that are available to them when it comes to Risk-Adjusted Attribution reporting and how it could take their investment strategies to the next level with: - Holistic Insights: Understand not just how much your portfolio has performed but also the risk taken to achieve those results. - Better Decisions: Identify sources of both returns and risks, allowing for informed adjustments aligned with client goals. - Transparency: Build trust with clients through clear, actionable insights. - Competitive Edge: Stand out in the market by showcasing advanced, innovative analysis. How does your firm currently incorporate risk into your performance reporting? Vote in our poll and share your thoughts in the comments below!
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