Albridge, an affiliate of Pershing, a BNY Mellon company, has announced asset allocation reporting enhancements with the integration of Morningstar data, providing greater depth and breadth of analytics and reporting for advisors as well as investors.
The new capability can employ Morningstar data and client-specific classifications, providing flexibility for multiple presentation views spanning securities, investors, accounts and portfolios. Albridge’s enhanced integration of Morningstar data features an expanded range of more than 10 different classification types, comprising factors such as asset allocation, sector weighting and regional breakdown information, to facilitate in-depth comparisons and robust analysis.
The new integration enables seamless, customizable professional reporting presentations that leverage integrated analytics, providing a new level of transparency and insight for advisors and investors.
"Advisors succeed or fail based on the quality of their data and the ease with which that data moves between native and third-party applications," said Greg Borgman, director of Albridge operations.
"This enhanced data integration capability provides improved coverage and consistency for asset allocation reporting across the 44 million accounts on the Albridge platform. This is a clear demonstration of the spirit of collaboration and commitment to data excellence that today’s business environment demands."
"The emphasis on improving workflow, increasing efficiency and staying ahead of our competitors has never been greater than it is now," said Satish Jayanthi, Senior Vice President, Data Management of First Allied Securities, Inc.
"The sheer volume of data advisors must contend with combined with the speed with which that data must be turned into actionable knowledge, has placed a premium on operating a data management framework that is centralized and consolidated yet also flexible and extensible based on the advisor and investor needs. Albridge’s new capabilities in asset allocation reporting addressed these needs for First Allied."