Have you ever wished your performance reporting classifications aligned with how you invest in equity markets?
You are not alone!
We have heard from numerous firms about the need to map all mutual funds and individual stocks according to style rather than by a generic sub-type, such as "Equity Funds" or "Sector Funds." For managers that allocate assets according to market capitalization and growth/value factors, being able to report performance using the same classification mapping is ideal to telling the investment story and comparing assets within the portfolio to more appropriate style-based benchmarks.
What does that mean for your firm?
First Rate can now seamlessly import style-based classifications from both Lipper and Morningstar to show client portfolios according to style classifications. This capability does not replace current mapping but simply adds another option when running reports from First Rate to show the portfolio based on the legacy or style mapping.
Interested in finding out more? Contact First Rate today and we will provide you with additional details to help meet the needs of your firm.
Have you ever wondered just how far First Rate reaches out online? Check out our latest infographic to find out!
We understand the importance video plays in business. We have been developing new informational videos about our company, solutions, and events so that you can better understand who we are and what we do. We upload all of our videos to our First Rate YouTube channel to keep all of them in one place.
YouTube allows us to easily share these videos through our other social networks, but also allows us to provide important content on a large scale. Behind Facebook, YouTube is one of the most frequently visited websites on the web. It is also owned and operated by Google making every upload easily searchable in search engines.
Our goal with our videos is to educate industry professionals on who we are and what we do. First Rate has a unique culture that is unlike any other company and that is something we are proud of and want to share with everyone. We also have several unique solutions that can benefit your bank, firm, or company. Our videos thoroughly explain what each solution is capable of and how to get more information.
To watch our videos, visit our YouTube profile: www.youtube.com/FirstRatePerf.
Twitter is a close second to Facebook when it comes to the number of users. Twitter currently has over 500 million accounts with over 200 million Tweets per day. Twitter provides exposure, inter-connectivity, and a great forum to exchange ideas and information.
Exposure: Twitter users tend to be more engaged and active when using their accounts. This helps us at First Rate amplify our messages and information. We are able to engage and connect with our following on a more frequent basis. We are also readily available to answer any and all questions and concerns that our following may have.
Inter-Connectivity: We share blogs, articles, pictures, videos, and links to our other accounts to keep you updated. We have also developed several hashtags to make finding our information as easy as possible: #FirstRate, #PerformanceSolutions, #PerformanceSolutionPartner, and several others.
Information Exchange: Twitter makes it easy for us to exchange information and ideas with others. We are constantly engaging and listening to other industry professionals so that we can keep updated with all of the industry news and trends. In turn, we analyze this information and feed it back to you.
Be sure to check out our profile: www.twitter.com/FirstRatePerf.
LinkedIn is the largest professional network on the web. LinkedIn is a great way for companies to establish connections with new and familiar faces while constantly providing updates. LinkedIn isn’t as large as Facebook and Twitter, but with 120 million professionals, it is still an ideal platform for companies to demonstrate their expertise.
First Rate takes advantage of LinkedIn and constantly shares updates that include market commentary, e-books, whitepapers, and relevant articles on our company profile. We are proud to say that almost all of our employees are on LinkedIn as well. First Rate provides informational seminars on how to use it to benefit the industry as a whole.
LinkedIn plays an important role in our professional culture. It is important to us that each one of our employees connects with industry professionals to spread our knowledge and keep everyone updated.
For more information, visit our LinkedIn company profile: First Rate, Inc.
Facebook is the king of the social media world. Facebook has over 1 billion users and it continues to grow each day. Most people understand how Facebook works, so it really doesn’t need much explanation. But, most people don’t know the benefits a consumer has when a business is utilizing Facebook for marketing purposes.
Customer Service: First Rate monitors Facebook everyday. We are able to respond to your questions and concerns very quickly.
Community: We have built a large following (community) of investment professionals that are constantly engaging to provide industry insight and wisdom.
Insight & Information: We are constantly sharing links to our whitepapers, market commentary, and e-books so that they’re easy to access. We are also sharing links to news articles and providing our own commentary to help develop a more educated industry.
Facebook ultimately provides a community that is constantly updated with important investment performance information, insight and commentary. To better understand, visit our Facebook page: www.facebook.com/FirstRatePerf.
Social media is quickly becoming the most utilized advertising medium in today’s business world. Social media provides multiple networks that specialize in different types of content, customizability, the ability to reach 10 times the audience for 1/10th the cost and the ability to keep your audience up-to-date at all times.
During 2013, First Rate has started taking advantage of social media and the benefits it provides for the investment performance industry. We are able to keep in constant contact with clients and other industry professionals. Utilizing social media has not only increased our online presence, but has allowed us to gain marketplace intelligence that benefits the industry as a whole.
Throughout the next few blog posts, we will dive deeper into the importance of each network that First Rate utilizes. This will help you and everyone else understand why we are using it and how it is beneficial to you.
Links to our networks:
Over the past few days, First Raters traveled to New York City and Philadelphia for two Roadshows. The Roadshows consisted of a networking and cocktail hour, lecture, and Q & A.
On Tuesday, August 13th, First Rate held it's first Roadshow of 2013 in New York City at the Marriott East Side. Speaker, Stephen Campisi, Founder and President of Intuitive Performance Solutions, delivered an intuitive and engaging lecture on:
Helping Investment Firms differentiate themselves
Finding sources of competitive advantage through better use of information
Establishing reasonable client expectations for portfolio performance
Presenting investment results in the context of benefits, tied to meeting the clients' financial goals
Explaining a client's perspective on risk
Making the most of investment reporting
Simple ways to increase the understandability of investment reports
Bringing a stewardship approach to the investment process
After speaking in New York City, First Raters and Mr. Campisi traveled to Philadelphia to host the second Roadshow on Wednesday, August 14th. Mr. Campisi delivered the same lecture to professionals in the area.
Both Roadshows were a success and First Rate wants to thank Mr. Campisi for delivering the lectures.
If you missed the Roadshows, don't worry! We captured all of them on video that we will soon be sharing with everyone. Check back for more information on upcoming First Rate events.
A healthy company that lacks efforts to help people on a holistically level is not. This is an idea First Rate founder David Stone set as the foundation of First Rate and is known as First Rate Living. First Rate Living is a program that is driven by David’s desire to spread the word of the Lord and Savior, Jesus Christ and help the community. This is done through First Rate Living’s mission: Love, Serve, Give, and Enjoy.
We affirm a loving God, and want to reflect that love in the workplace as well as in the community. By spending time together, we are building meaningful relationships with one another and really growing to become a family.
“Let all that you do be done in love.” 1 Corinthian 16:14
We view our resources as God’s first, entrusted to us to steward. Therefore we believe in giving freely to benefit each other, our community and the world. We seek to embody this belief on many levels, sharing our talents with others, our time through community involvement and our equipment, supplies and office space with charitable organizations. We have proudly partnered with over 200 organizations around the world.
“…the righteous gives and does not hold back.” Proverbs 21:26
We value serving those around us and around the world by putting their needs before our own, because without this we cannot truly love, give or enjoy. This service ranges from building houses for a families in need to hosting First Rate Living Luncheons to award local stewards.
“For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.” Ephesians 2:10
We believe in enjoying work and enjoying recreation, and strive to create an environment of community, teamwork and friendship. First Rate sponsors weekend retreats and free concerts which is a great way to spend time with your family, friends, and those in the community. We create a fun-loving culture of employees that enjoy working together to achieve a greater purpose.
“But may the righteous be glad and rejoice before God; may they be happy and joyful.” Psalm 68:3
You can learn more about First Rate Living and its ongoing mission at www.firstrateliving.com.
We at First Rate would like to congratulate our fellow B Corporations for being named Best for the World by B Lab in the recently-published 2013 B Corp Best for the World list! The Best for the World list is an annually-published list featuring companies around the world that improve the quality of life in their community through elevated standards. You can see the entire list at Bloomberg Businessweek.
B Lab is a nonprofit that grants the certification of “B Corp” to companies that meet rigorous transparency, accountability, social, and environmental performance standards. Since 2006, B Lab has developed a community of 700 B Corps across 15 countries and 60 industries. We at First Rate truly understand and respect an organization that works to redefine and expand the definition of success in business. It has much in common with our company creed of First Rate Living.
Announcements for the Best for Workers, Best for Communities, and Best for the Environment lists will be made in the coming months. Contact B Lab to find out more about their work and how to become B Corp certified.