SOURCE: First Rate

First Rate

May 07, 2013 10:34 ET

First Rate Offers Advanced Attribution From Opturo

ARLINGTON, TX--(Marketwired - May 07, 2013) - First Rate, a leading provider of performance measurement and client reporting solutions, has affiliated with Opturo, a financial software and service firm, to incorporate Opturo's advanced Risk Attribution engine to further enhance the ability of First Rate's clients to evaluate and understand their individual investment results.

With the highest level of integrity and service, First Rate provides performance and portfolio reporting to more than 1 million portfolios in excess of $1 trillion of AUM in a real-time manner with web-based reports and validated performance information across all investment segmentation and currency combinations. This gives clients peace of mind that the information is accurate and available when required.

First Rate clients that choose to add the Opturo attribution engine to their First Rate capabilities will obtain an extended evaluation of the amount to which their trade-inclusive active return, active gain/loss and risk measures, such as active volatility and information ratio, are attributable to the properties clients designate for their portfolios.

Decision Attribution will provide the economic impact on each performance measure by the decisions controlled within the investment management process for a specific portfolio. Multi-factor Attribution against any third-party or proprietary risk/attribution model or Market Differentiation or Fixed Income Decomposition will provide the impact on performance measures created by each of the chosen purely market-driven effects that are not under the control of the investment management process. These complimentary analyses will provide evaluations on a number of additional performance and risk measures of the components defined by the selected decision or decomposition attributes.

Building upon the inclusion of Opturo's advanced attribution engine, First Rate looks forward to continuing to deepen the insights it provides to its clients regarding their investment results.

"By employing Opturo, First Rate further enables our customers to make better-informed investment decisions," said Craig Wietz, President of First Rate. "Leveraging Opturo's analytical engines will provide our clients a quick, accessible route to dramatically increased insight into their portfolio management process."

Kenneth D'Silva, President of Opturo said, "First Rate is an ideal addition to our family of partners given its fluency with performance calculations and reporting, as well as its highly innovative hosted solution platform. It is also a vote of confidence in Opturo to be picked as the platform of choice for First Rate's advanced analytics offering. We are indeed excited to be working with them on behalf of our mutual clients."

For more information, please visit First Rate at or Opturo at

About First Rate

Wealth management companies nationwide trust First Rate for superior investment performance measurement technology. Dedicated to providing a unique level of focus, depth and expertise, First Rate's solutions optimize all facets of asset management: risk assessment, portfolio analysis, GIPS compliance, investment reporting, and more. The First Rate Performance Suite™ allows investment firms to calculate accurate rates of return, efficiently analyze the results and generate dynamic, client-ready presentations that empower internal resources to deliver improved client service. For more information about First Rate, visit

About Opturo

Opturo is a provider of advanced, reliable and cost effective performance attribution, risk assessment, GIPS® composite management and Investment-Process Automation solutions to the asset management industry. Its best-of-breed, multi-currency, transactions-based performance attribution analytics provide, at all levels of decomposition and roll-up, accurate performance and powerful complementary explanations of performance, gain/loss and ex-post risk in terms of the actual decisions controlled by each investment process and separately in terms of the uncontrollable effects imposed on extent portfolios by the market. Leveraging Opturo's proprietary plug & play technology, its VIA package provides accurate solutions to critical and pervasive financial evaluation and processing challenges employing a stateless and agile system that also executes on-the-fly analysis. It can be fully implemented on-site in less than a week without imposing a significant footprint on the client's system and without the need for expensive infrastructure, prolonged implementations, disruptions to client workflow and ongoing maintenance costs.

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