FinFolio

FinFolio is a portfolio management software designed for investment advisors and professional wealth managers. According to the vendor, it offers a range of features including reporting, rebalancing, trading, billing, and client portal. The software is suitable for firms of all sizes, from small firms with just a few advisors to large firms with billions in assets under management (AUM). It caters to various professions and industries including investment advisors, wealth managers, registered investment advisors (RIAs), financial planners, and asset management firms.

Key Features

Portfolio Management & Trading Software: According to the vendor, FinFolio provides comprehensive portfolio management software for investment advisors and professional wealth managers. It integrates all elements of the back office into a single system, offering features such as reporting, rebalancing, trading, billing, and client portal.

Getting Started: The vendor states that FinFolio offers a managed implementation process, ensuring a smooth transition from the old system to FinFolio. It has a user-friendly interface that is easy to learn and navigate, and it can be customized to suit the specific needs and preferences of the user. Additionally, users have the flexibility to choose their hosting options.

Portfolio Accounting: FinFolio's multi-currency portfolio accounting engine calculates cost, performance, and other financial metrics, according to the vendor. It tracks and reports on a wide variety of financial instruments, supports specific lot accounting and automatic allocation methods, and handles complex tax situations.

Dashboards: FinFolio provides comprehensive dashboards for managing the practice and identifying inefficiencies, according to the vendor. Users can customize their dashboards by dragging components from a library of charts and tables. The platform offers detailed analysis and performance reporting with GIPS compliance, and interactive dashboards with different levels of analysis and multiple types of data.

Reporting: The vendor states that FinFolio offers flexible report customization with a library of data sets and preconfigured templates. Users can create custom reports with various display options, including charts and tables. The platform also provides analysis and risk vs. return reporting to justify numbers and compare performance to benchmarks, with customizable delivery options.

Client Portals: FinFolio's client portal is customizable for web, tablets, and phones, according to the vendor. It includes a secure document vault for storing important client documents and provides live portfolio reports with dynamic data sets for a personalized client experience. The client portal can be white-labeled with firm branding, including logo, colors, and login graphics.

Rebalancing: The vendor claims that FinFolio offers efficient portfolio rebalancing with options for different strategies such as model-of-models, classifications, UMA, and SMA. Users can rebalance thousands of accounts in minutes, track drift from target, and make tactical trades to bring portfolios back into balance. The platform also includes a tax-sensitive rebalancing engine.

Order Management: FinFolio enables FIX-enabled order placement, execution, allocation, and trade processing, according to the vendor. Users have the ability to place tactical trades outside of models based on specific criteria. Real-time pricing integration ensures up-to-date market information, and compliance features monitor and approve all trades.

Billing & Payouts: According to the vendor, FinFolio automates billing with sophisticated fee schedules and aggregation options. Users can distribute fees across a network of stakeholders with customizable payout schedules and generate invoices as part of quarterly reports or as stand-alone reports. The platform also allows exporting fees to CSV files for import into accounting systems.

Deployment: FinFolio offers flexible hosting options, allowing users to run the software themselves or have it hosted by FinFolio, according to the vendor. The platform can be white-labeled with firm branding for a personalized user experience. It provides secure access with segmented user security and rights management, and it is scalable to accommodate firms of all sizes.