FI360, a provider of fiduciary-related education and technology, has enhanced its Fiduciary Focus Toolkit™ (Toolkit) with two new reports: The Model Portfolio Report and the Cost & Services Report. These additions deepen monitoring and reporting capabilities for users, both essential ongoing processes for fiduciary-minded financial professionals. The new features enable fiduciary-minded advisors to monitor model portfolios and analyze plan costs and service providers.
The new reports have been added to the existing tool and are available immediately to help advisors optimize their workflow, specifically by illustrating complex topics and facilitating conversations with clients.
The Model Portfolio Report helps advisors benchmark their investment models using an independent, client-friendly report. Model Factsheets include performance, risk and expense comparisons along with the popular Fi360 Fiduciary Score® at the underlying investment and model levels. Advisors can generate a hypothetical report using a model’s current allocation or upload past allocations for a more precise historical analysis.
The Costs & Services Report explains the costs a client is paying for the services received. The report provides clear documentation of the plan’s compensation structure, identifying who is receiving compensation, as well as what and how compensation is received. The system simplifies ongoing reporting and compliance processes.
WORK MORE EFFICIENTLY, SERVE CLIENTS BETTER
“We are dedicated to providing advisors with technology and solutions that enable them to work more efficiently, better serve their clients and grow their businesses. Ongoing monitoring and reporting is a crucial step for fiduciary advisors adhering to the Prudent Practices®. The new reports streamline these processes, resulting in a final product that is both advisor- and client-friendly,” said John Faustino, AIFA®, PPC®, Chief Product and Strategy Officer at Fi360.
The benefits of the latest report additions are applicable to advisors working with investment committees and plan sponsors, as well as advisors working with wealth management clients. The enhancements come as Fi360 recently acquired the Center for Fiduciary Management (CFFM), an investment management technology provider for retirement plan advisors, adding to its extensive tools, resources and solutions for financial professionals.
“Fi360 continues to invest and grow its suite of technology and tools to provide financial professionals with the resources to adhere to prudent fiduciary practices. As with previous enhancements to the Toolkit, the objective is to simplify advisor workflow and help them retain and win new business,” added Faustino.
For more information, visit https://www.fi360.com/fiduciaryfocustoolkit.
Fi360, a fiduciary education, training and technology company, helps financial intermediaries use prudent fiduciary practices to profitably gather, grow and protect investors’ assets. Since 1999, the firm has provided financial professionals with the tools to act as a fiduciary in their work with investors. Headquartered in Pittsburgh, PA, Fi360 is the home of the Accredited Investment Fiduciary® (AIF®) designation, the Fiduciary Focus Toolkit™ and the Fi360 Fiduciary Score®. Fi360 is also the parent company of CEFEX. Learn more at www.Fi360.com.