Fi360 recently announced that it is updating its Fiduciary Focus Toolkit with new reporting capabilities for financial advisors.
The new feature lets advisors compare prospective clients’ past holdings with the advisor’s new recommendations to show how the advisor might be able to improve investments and performance.
The Toolkit was initially launched last fall to automate workflows and oversight for advisors. “We believe our history of training advisors on prudent practices, and developing those best practices, uniquely qualifies us to deliver fiduciary software solutions,” John Faustino, chief product and strategy officer at Fi360, said then.
The Toolkit also features an interactive dashboard; investment monitoring including The Fi360 Fiduciary Score, an objective comparison to peers’ investments; customizable watchlist criteria and alerts; and investment policy statement creation and documentation capabilities.