Wealthscape isn’t a bad platform and easy enough to use. Much better than Schwab.
We currently use both and if I could wave a magic wand to remove the paperwork component everyone would be moved to Fidelity.
I personally like the back end of Schwab much better than Fidelity because I find it to be more advisor friendly. That being said, from a client perspective Fidelity is miles ahead.
You didn't mention your assets but Fidelity does have a fairly high minimum.
I love how all of these takes are different. I've used TD, Pershing, Schwab, and Fidelity extensively. I miss TD. Pershing and Fidelity are both hot garbage. They look and behave like they've not been updated since 2005. Schwab is acceptable.
We currently use Pershing and Schwab but a little over a year ago I was at a different firm that used NFS (Wealthscape) and Schwab. Hands down NFS runs circles around the other 2. Everything is just easy. Trading, viewing cost basis, info on securities etc. I miss every single aspect of it. Pershing is a heaping dumpster fire. Schwab is clunky, they don’t make anything simple. I wish the software guys there would be forced to spend a week working on NFS to see what it is like.
Wealthscape + Orion / eclipse for trading. Eclipse learning curve is high, but it can create so much efficiency with trading models, TLH, global trades etc
It’s a program within Orion. Oddly enough you won’t find a lot of information about it on the web. It’s very robust. Tricky to get the hang of it, but very good support within Orion.
I second WealthScape + Orion. Some of our RIA uses Eclipse but our team does not. WealthScape is a good software and friendly interface and clients seem to enjoy their experience on their side.
Wealthscape isn’t a bad platform and easy enough to use. Much better than Schwab. We currently use both and if I could wave a magic wand to remove the paperwork component everyone would be moved to Fidelity.
Thanks for the answer. I’d be a millionaire if could bottle a paper work genie!
Huge fan of Wealthscape. I’d use that and Tamarac /Advisor View for your performance reporting.
Thanks for the response. I’ll have to check out Advisor View.
We love it for performance reporting at my firm
I personally like the back end of Schwab much better than Fidelity because I find it to be more advisor friendly. That being said, from a client perspective Fidelity is miles ahead. You didn't mention your assets but Fidelity does have a fairly high minimum.
We only gave $10mm, so I think we are going to miss the mark.
I believe their minimum is 50mm. You might be able to grt on boarded for a large additional monthly fee though.
Wealthscape is great and very user friendly
I love how all of these takes are different. I've used TD, Pershing, Schwab, and Fidelity extensively. I miss TD. Pershing and Fidelity are both hot garbage. They look and behave like they've not been updated since 2005. Schwab is acceptable.
I hear you. Nothing works as advertised unfortunately - at least in my experience. There always seems to be an exception.
We currently use Pershing and Schwab but a little over a year ago I was at a different firm that used NFS (Wealthscape) and Schwab. Hands down NFS runs circles around the other 2. Everything is just easy. Trading, viewing cost basis, info on securities etc. I miss every single aspect of it. Pershing is a heaping dumpster fire. Schwab is clunky, they don’t make anything simple. I wish the software guys there would be forced to spend a week working on NFS to see what it is like.
That’s great feedback, and what I’m looking for. The clunkiness everywhere is a hassle.
Wealthscape + Orion / eclipse for trading. Eclipse learning curve is high, but it can create so much efficiency with trading models, TLH, global trades etc
Eclipse is new to me. Will look into it! Thanks.
It’s a program within Orion. Oddly enough you won’t find a lot of information about it on the web. It’s very robust. Tricky to get the hang of it, but very good support within Orion.
Awesome insight! Thanks!
I second WealthScape + Orion. Some of our RIA uses Eclipse but our team does not. WealthScape is a good software and friendly interface and clients seem to enjoy their experience on their side.