Panoramix launches the pro version of its platform


Panoramix has launched a “Pro” version of its low-cost RIA platform.

Announced Wednesday, the new version provides basic financial planning functionality, trading and improved GIPS compliance in addition to the reporting and invoicing technology for which it was already known.

While not intended to replace dedicated planning or trading apps, many of which already have deep integrations with Panoramix, the new features are intended to provide the basic levels of functionality needed by advisors in their day-to-day interactions. informal with clients and work routines.

For more sophisticated and complex client situations, advisors would always look to integrations with Envestnet | MoneyGuidePro or RightCapital for financial planning or AdivisorPeak or iRebal for trading and rebalancing.

“The idea here is that in cases where you, as an advisor, just want to plan scenarios quickly, we’re not replacing anything our integration partners are doing,” said Chris Hastings, CEO, co- Founder and Chief Software Architect at Panoramix. .

“We don’t do complex rebalancing; if you need it use iRebal or AdvisorPeak but if you are on the phone with a client and they say sell Apple we have added a trading tab and you can easily search, find it in all client accounts and say to buy Microsoft and a bit of Amazon, ”he said during a demonstration of the new features.

Hastings then discussed the multiple locations on the Panoramix platform where trade requests can be initiated. He then demonstrated how easily these transactions can then be exported to a Schwab trading file or sent automatically via Schwab’s trading API via an integration. The platform has similar integrations with TD Ameritrade Veo, Pershing, Fidelity, and several smaller custodial platforms.

Another daily issue for advisors that is addressed in the new feature is the minimum required distributions: a simple right click of the mouse in a client account can be used to initiate systematic withdrawals and a distribution of money.

Other important features include easy tracking of financial goals and GIPS-compliant composite management.

With goal tracking, advisors can enter data points to calculate and display goal results to quickly answer “how am I?” Customers, and it is now possible to run quick Monte Carlo simulations to answer hypothetical customer questions like my last money?

In terms of GIPS-compliant composite management, advisors can track when an account moves from one model to another and can accurately report the time-weighted rate of return calculations during the period the accounts were in a specific model. . A performance data mining tool can track composites over time and advisors can set minimum investments per account for composite reports.

Hastings also discussed the platform’s future roadmap. Plans for the fourth quarter include compliance and audit support features and the ability for end customers to run their own goal tracking and simple reports with the Panoramix customer portal.

Adding the new features will cost current advisors to license the platform $ 1,500 per year. The total cost for the entire platform for new advisors is $ 6,500 per year. Hastings said XYPN advisers with less than $ 200 million in assets under management can license the platform for $ 3,500 per year.

“From an advisor’s perspective, we believe these features can be a huge time saver,” he said.

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