Technology is transforming the financial services sector, revolutionizing the management, measurement, and delivery of wealth. As client expectations rise and portfolios become ever more global and complex, firms must embrace intelligent innovation to remove the cloud of confusion, deliver increase and reduce expenses, as well as provide a personalized digital experience. In this fast-moving world, the ability to combine data-driven information with people's trust has become the real differentiation for success.

First Rate is leading this transformation. With more than three decades of industry experience behind them, the company has carved a niche as a world-first leader in the WealthTech sector and has delivered scalable and tailored financial solutions to wealth and mandates whose assets exceed five billion dollars. By reducing the complexity of the information, increasing the precision of operations and establishing long-lasting client confidence, First Rate continues to redefine modern wealth management. It is setting new standards for integrity, innovation, and technological excellence.

A Legacy of Innovation

First Rate was established in the early 80s and has come to be a world leader in innovating wealth management technology serving firms that manage significant amounts of assets. The mission of the company is to offer easy-to-use, scalable and customizable solutions to handle the complexities of running diverse international portfolios. Their market-driven system provides customized tools that optimize the workload with minimal training demand, enabling the wealth managers to work on customer relationships. The innovative product suite, such as CORE 2.0™ DAAS, ACE, ExecView, and IPAAS of First Rate is designed using AI and machine learning to simplify the processing of the data, enhance the accuracy of reporting, and provide real-time data that enables firms to create quality reports and actionable insight on unstructured data.

Empowering Firms of All Sizes

First Rate accommodates various firms of AUM over 10 billion and the ones of 5-10 billion or less, offering scalable technology to improve growth. First Rate makes reporting, data aggregation and compliance easier in the case of smaller firms. First Rate Institutional has powerful reporting and analytics which are useful to larger firms. The Vantage Suite focuses on the alternative investments field and targets the needs of the private equity, venture capital, advisory and real estate firms. Its solutions, such as Vantage Insight, Vantage Fund Accounting and Vantage Deal Suite, facilitate ease of operations and enhance investor communication, aspects that include developing real-time portfolio visibility and automating workflows that provide transparent and investor-centric experiences.

A Culture of Excellence: First Rate Living

The success of First Rate is based on its corporate philosophy, First Rate Living that empowers employees and talks about the balance between work and life. Such a positive organizational culture makes it possible to have a staff of more than 100 professionals with CFA and CIPM degrees to provide superior service. First Rate has a 99 percent uptime guarantee and a 100 percent SLA hit rate with world-class service. Obsessive support teams work alongside wealth managers to customize their solutions and maximize data uses and reporting capability, as well as advice on composite maintenance, alternative asset performance and after-tax reporting.

Global Reach, Local Impact

First Rate is a global company with operations in North America, Europe, Asia and Australia. The scope empowers it to supply customers with varied portfolios in international markets. It stress-tests its solutions on more than 5 million portfolios, which makes it compatible with different internal systems and regulators such as FINRA and GIPS. By integrating information posted by multiple custodians and providing normalized and reconciled information, First Rate enables companies to easily oversee the complexity of global wealth management.

Its venture arm First Rate Ventures compounds its effect by investing in early-stage fintech, WealthTech, investech, and regtech options. First Rate backs people in building the project with investment in seeds and Series A, acquisition and the entrepreneur-in-residence programs, which leads to an environment that develops the financial industry and innovation. This strategy of the future helps First Rate to stay on top of the latest technological innovations and builds its future in terms of wealth management.

The Future of WealthTech

First Rate is by no means going soft. The new Client Presentation Builder (CPB) and Premium Reports for CORE 2.0 will take the levels of customization and interactivity to a new plane with clients. Advisors will be able to use these tools to engage clients through dynamic, interactive presentations and discuss the details of those topics, which will clarify the information for most audiences. Highly focused security measures, including SOC 2 Type 2 and ISO 27001 compliance, along with best practices, make First Rate a company that values the integrity of information and client trust.

First Rate solutions help broker-dealers make compliance easier and improve workflow efficiency so they can spend more time maintaining talent and cultivating client relationships. An example is the Fee Manager which automates the complex billing procedures by offering analytics and insights to parameter revenue reliability. In the meantime, its cloud-based architecture of hosting allows scalability and security, and package options such as Secure Gold, Silver, and Bronze packages depend on the requirements of different clients.

Why First Rate Stands Out

First Rate is a pioneer in the WealthTech sector with cutting-edge technology, services that count to the clients, and high-quality service. It streamlines complex data into actionable results, automates and makes firms compliant, and enables firms to become agile. Having more than 500 customers and managing over 2 trillion in wealth, First Rate not only follows the trends; it leads them. Its commitment to its service and quality is upending the wealth management industry establishing new benchmarks within the industry.

“We always put serving our customers, co-workers and communities first. It’s the reason we are still thriving after more than 30 years of developing innovative WealthTech.”