Products May 24, 2011

Commonwealth Updates Client Management Tool

Commonwealth Financial Network has made several upgrades to its Web-based client management tool, Client360. 
Reported by

Financial advisers affiliated with Commonwealth, an independent broker/dealer–RIA, can access portfolio, document, customer relationship, and wealth management functionality on one platform, including an improved portfolio accounting system and redesigned interface.

In a single portfolio management overview screen, advisers can view household activity summary, asset allocation, performance, historical balance trending, as well as trading and intraday positions/cash balances. Exporting data via silent login to both Morningstar Advisor Workstation and MoneyGuidePro has been streamlined as well, the company said.

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Advisers have access to both time- and dollar-weighted performance reporting on all accounts, including fee-based and non-fee-based accounts (e.g., 529 plans, variable annuities, REITs, managed futures). Commonwealth says performance reports are updated daily, allowing advisers to quickly view how a household, group of accounts, or single account has performed against its respective customizable benchmark.

Other features of Client360 include:

  • More than 50 new customizable reports, including user-defined templates that can be shared across an office
  • 1-Click Review bundles, allowing users to bundle together report templates for client reviews
  • A user-selectable 20+ column holdings page
  • Improved variable annuity sub-account mapping to Morningstar Advisor Workstation
  • Five levels of household/account grouping
  • 11 distinct ways to dissect a client’s asset allocation
Products May 24, 2011

Insperity Offers Enhanced 401(k) Contribution Deposit Feature

Insperity, Inc. announced a streamlined 401(k) deposit feature for its Workforce Optimization Solution clients.
Reported by

The company now has the capability to provide next-day remittance of 401(k) contributions to the accounts of participating employees.  

“This is another way that we help business owners not only reduce their administrative burdens and the associated costs, but also actually improve the services they offer their employees,” said Richard G. Rawson, Insperity president. 

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More information is at Insperity Retirement Services. 

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