Portfolio Management Software and Investor Data Access
Investment Advisor Magazine talks about current portfolio management software and the various methods by which the packages give investors access to the data. The access levels range from quarterly PDF report access to interactive sites where the investors can see current account information.
The article also serves as a run-down on the current large portfolio management system vendors. The author went to each major company and asked them what their latest and greatest features were.
From the article:
| Company | Product Cost | Web-Based Option | Clients | Bells & Whistles |
| SS&C Technology PACER |
$3,000 to $200,000 | Yes | 160 firms | Letting investor create their own view; new Web front end |
| Advent Portfolio Exchange |
$10,000 to $24,000 | Yes | 75 firms | Creation of custom dashboards from portfolio building |
| Portfolio Systems Portfolio Director |
$150 per month per single user | Coming in January | 250 firms | A web-based option, customizable reports |
| Schwab Portfolio Center |
$8,000 to $10,000 first yr; $2,000 per year maintenance | Can you work with 3rd party to host on a Web site | 5,000 users | New smart set builder to customize collections of accounts by characteristic |
| Eagle PACE |
Based on AUM | Yes | 110 firms | More dashboard graphics on how investors can view portfolio |
| Optima-Tech IAS Software |
Starting at $250 per month per user | Yes | 40 firms | Enhancement to billing system |
SI said,
January 20, 2007 at 1:38 am
Advent Portfolio Exchange looks suprisingly like the planned (but dropped) Advisormart 2.0.
Matt Abar said,
January 21, 2007 at 8:40 am
I was working on the AdvisorMart 3.0 UI but left before development was finished. It was a huge leap beyond where we were with 2.0 and it would have been better than anything out there even now. (The current release was actually the 2.0 release–it’s hard to know with web products.)
However, I believe Mike Benson had a very large hand in designing Portfolio Exchange.
WealthFly » Schwab Is Dropping The Price on PortfolioCenter said,
May 16, 2007 at 11:39 pm
[…] I did a post at the beginning of the year where I laid out the pricing models of all the current portfolio management software. Something that struck me then, and has continued bugging me, is the high cost of Schwab and Advent’s systems. They start at $8 and $10k respectively. […]