Wealth management reporting provider First Rate is integrating with risk evaluation software provider HiddenLevers, according to an announcement. The integration means bank-based wealth management professionals will have access to HiddenLevers’ stress testing and portfolio analytics for securities and accounts plugged into First Rate.
For years, broker/dealers and registered investment advisors have been using the business intelligence and stress testing provided by HiddenLevers, but this new integration will help provide bank-based wealth management professionals with similar capabilities. "Together, HiddenLevers and First Rate, are excited to chart new waters in the wealth management space," said David Ristau, director of business development at HiddenLevers. "This integration showcases best-in-class wealth management solutions aligned with enterprise business intelligence just when the market needs it most."
First Rate works with “hundreds” of wealth management divisions at banks, said a HiddenLevers spokesperson. “This is the first time these clients will have access to HiddenLevers features,” she noted.