Informa Investment Solutions has created an integrated technology platform to solve the challenges facing Rep as PM Programs and Portfolio Managers
Informa Investment Solutions, a division of Informa plc (LSE: INF) and leading provider of software and strategic solutions to the financial services marketplace, today unveils an integrated platform leveraging a series of top point solutions operating within the firm’s web based environment.
The integrated platform incorporates:
- CompSite IQ – which automates the creation and management of GIPS compliant composites, allowing Rep as PM advisors the ability to expand their distribution capabilities and plan sponsors to manage the business
- PSN Enterprise – provides robust analytics on the resulting composites
- Sponsor Connection – workflow management solution delivers timely customized marketing materials
RPM 2.0 is adaptable to other businesses delivering discretionary investment advice, including Family Offices, Bank Trust Advisors and RIAs.
Leading this initiative are IIS’ recent hires James Hivick & Liza Litzow, both Senior Vice Presidents in the firm’s Strategic Client Solutions group.
Ms. Litzow, a 25 year industry veteran states, “As former Managing Director with the responsibility to manage and grow these programs, I understand the challenge Program Sponsors face to quickly create and manage GIPS compliant composites for their Rep as PM advisors, who are often the firm’s top producers. RPM 2.0 does the cumbersome work for them, allowing them to focus on protecting and managing their business.”
Mr. Hivick, a 30 year industry veteran, former bank brokerage CFO and financial advisor, adds, “RPM 2.0 expands the distribution opportunities for the Rep as PM advisor, internally within the firm, as part of the UMA offering, and in the external marketplace. RPM 2.0 serves as a valuable tool for firms to leverage in recruiting and retaining the top advisors in the industry, enhancing their ability to grow their business.
In Mark Elzweig’s Advisor One article entitled “Why Rep as Portfolio Manager Programs Are Here to Stay, ” he notes “Over the past two years, broker directed rep as portfolio manager (Rep as PM) accounts have demonstrated impressive growth. He continues, “Cerulli data shows that the two-year growth rate for discretionary Rep as PM accounts was 82.3% and 74.6% for the non-discretionary Rep as Advisor.”
For both discretionary and non-discretionary assets, RPM 2.0 allows both program sponsors and Rep as PM advisors the ability to protect, manage and grow their business using repeatable and reportable processes.