Why Is Performance Reporting So Expensive
Why Is performance reporting so expensive?
Welcome to the first in a series of industry content from Panoramix designed to help advisors succeed in a more challenging operating environment.
When an advisor today is looking for a system to manage their clients’ portfolios, there are a lot of options available. Some custodians offer statements and basic reporting on their web sites and many industry CRMs gather portfolio information, and for a relatively low cost, an advisor can have a lot of information readily available to them for various reporting purposes.
However, the cost jumps dramatically if advisors want to include performance reporting, due to its complexity and the current way in which performance reporting systems inefficiently manage data.
Which begs the question, why is performance reporting so expensive? Is there something about computing performance on a portfolio that is so complicated or different that it warrants such a high price? Historically, the answer has been yes for the following reasons.
About Panoramix
Developed in 2013 by Sapphire Software Services, Inc., Panoramix provides portfolio management and reporting software for RIAs and financial advisors. Specializing in billing and performance reporting, the Panoramix platform is multi-custodial and, with its wide array of partners and integrations, is flexible enough to integrate seamlessly into an existing tech stack, while still being robust enough to stand on its own. Panoramix is industry-recognized as a Kitces’ Best Value (2023) and a top performer on the T3 Inside Information Survey eight years running (2019–2026). For more, see www.panoramixfinancial.com.
