Independent RIA

For those of you out there that are your own independent RIAs, what performance/billing reporting software do you use? I researched multiple providers when I first set up my single man shop......

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We just moved to Orion but have issues with their reports. Not very customizable and painfully slow to run. Anyone else have issues?

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You can have them help set up many of the reports for you. They have always been willing to help us.

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and decided on Morningstar. I can’t tell you how disappointed I am in their tool and especially the service. I didn’t hear from anyone at Morningstar, other than when I would call the customer service # with issues, until it was time for me to renew. I just met with the salesperson there and he told me, even though my contract doesn’t renew until 6/30, I missed the 90 day window to cancel the contract. So after all this time I am stuck until 90 days until my next year’s renewal. I don’t have to tell you how frustrating it is when you put all the effort in to make sure you have autonomy with your clients and your career, to have a big corporation tell you, you can’t move due to the fine print. So for anyone out there, look elsewhere for a reporting software and help me find a new company to service my clients. Thanks in advance for any advice.

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Panoramix

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Black diamond for billing and performance reporting

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Morningstar is the worst, you spend countless hours finding, fixing and reconciling their mistakes. We went with Orion, not cheap, but they do everything. Recently there was a mispricing of a security, which happens, and they alerted us that it was fixed. They also let us know what reports we had run with the wrong information and prompted us to rerun them. Unbelievable service and product.

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Orion. It’s a monster to set up, but super powerful

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We used to use Portfolio Center (we custody with Schwab) but since the PC sale to Tamarac we’re moving to Orion

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Look at Capitect

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Advyzon.

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