FactSet Launches Model Center, a Marketplace Connecting Wealth Advisors with Asset Managers

Rhea-AI Summary

FactSet (NYSE:FDS) has launched the FactSet Model Center, a free marketplace aimed at wealth advisors, providing access to top-tier investment solutions in one platform. This integrated service offers pre-built model portfolios from renowned asset managers and marketing materials for efficient client service. The initiative seeks to enhance engagement between asset managers and wealth advisors, ultimately improving productivity. Notable asset managers involved include BlackRock and Goldman Sachs. The Model Center is designed to support advisors in meeting growing client demands for transparency and effective portfolio management.

Positive

• Launch of the no-cost FactSet Model Center enhances access to investment solutions.
• Partnership with leading asset managers increases the platform's credibility and attractiveness.
• Provides wealth advisors with efficient workflow tools to increase productivity.

Negative

• None.

NORWALK, Conn., Nov. 02, 2022 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (NASDAQ:FDS), a global provider of integrated financial information, analytical applications, and industry-leading services, today announced the launch of FactSet Model Center, a no-cost marketplace for wealth advisors to access the industry’s best-of-breed investment solutions within a single, integrated platform.

FactSet Model Center provides advisors with pre-built model portfolios from leading asset managers, product metadata, and detailed marketing materials, including factsheets in an easy-to-navigate system.

The solution is designed to drive inbound engagement between asset managers and wealth advisors to increase productivity and efficiently grow their business.

FactSet Model Center enables wealth advisors to leverage award-winning tools and a deep-level screening interface to quickly discover models that fit a client’s investment criteria.

Model portfolios can be accessed through the FactSet Model Center application inside the FactSet workstation to perform portfolio analysis, implement models into their daily practice, and seamlessly create reports for end clients.

Asset managers that partner with FactSet will benefit from scalable model data delivery to tens of thousands of retail wealth advisors and streamlined communication of model portfolio updates and rebalances.

Leading asset managers hosting model portfolios and funds on FactSet Model Center include BlackRock, Goldman Sachs Asset Management, Janus Henderson Investors, KraneShares, PIMCO, Principal Asset Management, Russell Investments, Simplify ETFs and VanEck.

"Investors continue to demand more transparency and portfolio management, thereby putting pressure on advisors to continue expanding their offering while improving internal efficiencies,” said Goran Skoko, EVP, Head of Research and Advisory Solutions at FactSet “Through the launch of FactSet Model Center, advisors can access pre-built model portfolios from leading asset managers as well as the industry’s best in class investment solutions in a single platform, allowing them to spend more time on business development and client services.”

To learn more about FactSet Model Center, visit: FactSet Model Center | FactSet.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) delivers financial data, analytics, and open technology in a digital platform to help approximately 180,000 users see more, think bigger, and do their best work. We empower the financial community to acquire new insights with access to comprehensive and contextualized content, multiply their effectiveness with flexible next-generation workflow solutions powered by innovative technologies, and achieve more with the support of specialist teams committed to client success. As a member of the S&P500, we're committed to sustainable growth, with a company-wide emission reduction target in line with the Science Based Targets Initiative (SBTi), and a score of 100 on the Human Rights Campaign® Corporate Equality Index for our LGBTQ+ inclusive policies and practices. Subscribe to our thought leadership blog at insight.factset.com. Learn more at www.factset.com and follow us on Twitter: www.twitter.com/factset and on LinkedIn: https://www.linkedin.com/company/factset.FactSet

Investor Relations Contact:
Kendra Brown
+1 (203) 810- 2684
kbrown@factset.com 

Media Relations Contact:
Megan Kovach
+1 (512) 736-2795
megan.kovach@factset.com 

FAQ

What is the FactSet Model Center?

The FactSet Model Center is a free marketplace that allows wealth advisors to access top investment solutions, including pre-built model portfolios and marketing materials.

Which asset managers are featured in the FactSet Model Center?

Notable asset managers include BlackRock, Goldman Sachs Asset Management, and PIMCO, among others.

When was the FactSet Model Center launched?

The FactSet Model Center was launched on November 2, 2022.

How does the FactSet Model Center benefit wealth advisors?

It enhances engagement with asset managers and offers tools for portfolio analysis and business development, allowing advisors to meet client demands more effectively.

What is FactSet's stock symbol?

FactSet's stock symbol is FDS on both NYSE and NASDAQ.