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BITA Risk and First Rate partner to offer integrated wealth management solution


BITA Risk, a provider of wealth management solutions to the financial services marketplace, has partnered with First Rate to provide enhanced performance, ex-post and ex-ante risk and portfolio analysis, and portfolio modelling tools to the wealth management sector.  

The partnership will enable First Rate’s ex-post performance, risk and attribution data in addition to client reporting to be accessed through BITA Risk’s portfolio management solution, BITA Wealth, and for that application to be available to First Rate’s clients through their current channels.
“We believe that it will be a step change to be able to bring the opportunity of full GIPS compliant performance analysis to our clients,” says Daryl Roxburgh, Global Head of BITA Risk. “The combination of First Rate’s ex-post and BITA Risk’s ex-ante gives the manager a clear view of where their clients have been and where they are going, together with BITA Risk’s portfolio analytics to help them understand why.”
“Firms will be able to access our combined solution through First Rate service bureau or other outsourced providers, First Rate managed hosting service, or via a deployed solution, catering to the firm’s individual needs,” says Deborah Repak, Managing Director of Global, First Rate. “We are already working together on our first mutual client and see a great opportunity in brin3ging First Rate and BITA Risk platforms together in a way that benefits wealth management professionals.”

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