Close Close

Portfolio > Investment VIPs

Fi360 Updates Fiduciary Focus Toolkit

Your article was successfully shared with the contacts you provided.

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.

It also offers enterprise-level tools, including oversight of advisors and whether they are adhering to the fiduciary standard.

“The Toolkit is exclusively fiduciary-focused, allowing financial professionals to easily and efficiently comply with prudent practices and reduce their liability related to fiduciary obligations,” according to the firm.

— Read DOL Fiduciary Rule Delay All but Certain as Comment Period Closes on ThinkAdvisor.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.