CUSO Financial Services (CFS), a full-service broker/dealer and investment and insurance solutions, has selected Albridge Solutions, an affiliate of Pershing, a BNY Mellon company, to provide enhanced data management and wealth reporting solutions to advisors within its network.
Albridge’s technology consolidates client account data from various sources -proprietary, banking, brokerage, insurance, retirement, alternatives, trusts, and others – to provide advisors with an accurate and better view of their clients’ holdings.
CFS said by integrating these solutions with its own proprietary account management platform dataVISION, it will enhance efficiencies for its advisors.
Two versions of the service will be offered to advisors, where each version will include the comprehensive ‘Portfolio Snapshot’ report – a tool that represents a combination of the most frequently used reports generated for a specific time period selected by the advisor.
The ‘Portfolio Snapshot’ report includes: a portfolio summary; portfolio performance by account; portfolio value and benchmark information and asset allocation graphs depicting portfolio holdings for both asset allocation by investment objective and asset allocation by asset type.
Other advisor and client-facing reports and tools offered include compliance reports, navigational tools, data entry tools, portfolio holdings, investor transactions and a centralized control center.