Fi360 and RBC Dain Announce Partnership
PITTSBURGH, PA, November 27, 2007 -- RBC Dain Rauscher has added fi360's Investment Policy Statement (IPS) Generator as a tool for its financial consultants as part of a new partnership designed to expand RBC Dain's reach and services in the institutional investing market. In addition, fi360, an organization providing training, tools and resoures to promote a culture of fiduciary responsibility and improve the decision making processes for fiduciaries, is providing the group complimentary access to its "Gold Toolkit" of Web-based analytical, reporting and assessment applications for six months, with a discount for those who wish to subscribe beyond the trial period.
"Adding RBC Dain Rauscher as a partner is indicative of the movement across industry segments towards a commitment to fiduciary standards of care," said fi360 Director of Product Development and Management Andy Frommeyer. "Adopting our fiduciary tools should strengthen the position of RBC Dain financial consultants in the competitive institutional market."
The partnership adds an important new resource to RBC Dain's already successful institutional investing program. With fi360's IPS Generator, RBC Dain will now have an automated method of producing high-quality, comprehensive versions of the most essential document in the investment process. Fi360's investment policy statements are built to ensure all aspects of a proper investment plan are in place.
Fi360's IPS Generator is an easy-to-use, Web-based application that creates custom investment policy statements for various client types, including committee- or participant-directed retirement plans, foundations and endowments, personal trusts or individual investors. The Investment Policy Statement serves as the business plan to guide investment professionals. A well-written and faithfully executed IPS is essential for ensuring conformity to a fidicuary standard of care.
Fi360's Gold Toolkit of Web-based applications includes the fi360 Fiduciary Score™ rating system of mutual funds and ETFs, due diligence breakdown, monitoring reports, asset allocation optimizer and more. A Silver Toolkit is also available with a new Platinum level planned for release in December. The tools are designed to fulfill the analytical, reporting, consulting and asset management needs of investment professionals.
About RBC Dain Rauscher
RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal Bank of Canada (RY: TSX, NYSE), is one of the nation's largest full-service securities firms. The company serves individual investors and businesses through offices coast-to-coast, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, RBC Dain Rauscher is a member of the Financial Industry Regulatory Authority and other several major securities exchanges, as well as the Securities Investor Protection Corp. RBC Dain Rauscher is part of RBC's Wealth Management segment, which directly serves affluent and high net worth clients in Canada, the United States, Europe, Latin America and Asia, provides asset management and trust services through RBC and third-party distributors and has approximately $500 billion of assets under administration, 3,500 financial advisors and more than $130 billion of assets under management.
About fi360
Fi360 promotes a culture of fiduciary responsibility and improves the decision making processes of investment fiduciaries - individuals who manage money for others. It delivers training, tools and resources through the Center for Fiduciary Studies and Fiduciary Analytics, which license the Prudent Practices for Investment Fiduciaries from the Foundation for Fiduciary Studies. Fi360's Center for Fiduciary Studies provides investment education and training programs and awards the Accredited Investment Fiduciary® (AIF®) and Accredited Investment Fiduciary Analyst™ (AIFA®) professional designations. Fi360's Fiduciary Analytics division develops sophisticated Web-based tools and reporting, including the innovative Fiduciary Score™ and the Fund Family Fiduciary Rankings™ for trustees and investment professionals. For more information, visit www.fi360.com.
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