First Rate Celebrates Signing 250th Bank and Trust Client from the Wealth Management Industry

Share Article

In the latest adoption milestone report, First Rate’s CORE solution has signed the 250th client specific to the bank and trust space in the wealth management industry. This adoption signifies the continued growth and evolution of First Rate’s solution and service offerings focusing on investment performance and client reporting, and enhanced emphasis in oversight and compliance.

"In a recent survey of Wealth Management executives, two out of three indicated that they intend to increase spending on reporting, and three out of four consider it a high-value technology."

First Rate, a leading provider of wealth management solutions, today announced the 250th bank and trust client based in the United States adopting the First Rate CORE platform. This growth includes signing 28 new clients in the bank and trust space alone over the past year. Marking this achievement, First Rate has released significant new enhancements to the award winning First Rate ExecView* platform that is helping to drive this growth through automated oversight of client outcomes that support increased regulation from government regulators including the SEC and OCC.

“First Rate is proud of our consistent and accellerating growth in the bank & trust segment which has been fueled by innovative cloud based solutions, including open APIs for integrations and truly customizable platform for those that choose to deploy First Rate in a unique fashion," First Rate President Craig Wietz. "While competitors come and go First Rate is proud to be employee owned and vision for single minded focus on our customers for 25 years and into the future."

The latest release includes the full integration of the ExecView oversight and compliance solution into the First Rate CORE platform leveraged by back, middle and front office users. The CEB Tower Group reported that in their Client Reporting Technology Analysis that Regulatory Libraries will be needed to “quickly and accurately report to regulators”.

This latest release included the following highlights:

  • A memo feature that tracks outliers identified by ExecView, including a due date, audit and reporting functionality that provides an automated and archived solution to demonstrate fiduciary oversight to the OCC and SEC.
  • Ability to track Investment Policy asset allocation violations quickly and easily
  • Enhanced ability to research and investigate sources of returns for any portfolio, at any segment or asset level through daily drill downs in Analyst.

“In a recent survey of Wealth Management executives, two out of three indicated that they intend to increase spending on reporting, and three out of four consider it a high-value technology," said Darrin Courtney, executive advisor at CEB, now Gartner. "The number one driver of that value is the ability to improve service and experience. Other reporting value drivers for wealth firms include risk reduction, regulatory compliance and process improvement. As firms prioritize regulatory reporting libraries and automated compliance solutions, they will be best prepared for additional regulatory scrutiny in the future.”

First Rate continues to invest heavily in the Research and Development of new solutions, powered by our motivating purpose to enable our clients to be good stewards of their clients investments.

Contact First Rate today to see how First Rate's CORE platform can help bring accuracy, peace of mind and trust to your client reporting.

*2016 Award Winner for Compliance in Technology Providers with First Rate ExecView. For more information about ExecView, please visit,

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Emily Traxler

Christy Kendrick
Follow >
Visit website