PortfolioCenter is one of the better plays Charles Schwab has made in a long time and one of the few software products it can be proud of. That old bird could do so many things so well that even long after it was due for an overhaul it sold for a tidy sum. If the new PC is half as useful then anyone working on it should be able to rest easier than most in the company. Anyone in the US that is. If the knife comes down again my money is on all the H1B contractors and offshores being the first to go.
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I care.
Literally nobody cares about a product we sold off. Excellent way to spot the extinct boomers.
Lookup in the sky... it's a bird, it's a plane, Nooooo. It's PortoflioCenter!! Able leap tall stack of paper with a single bound. Able to perform reconciliation of trades using brokerage data files from Catmandu, translated into a format that Timbuktu can read. It's versatile, it's old, but it works! And it integrates with Tamarac rebalancer!!!!
What are you rambling about? PortfolioCenter is not a bird, its portfolio management software that is used by RIAs, to run their business, keeping track of their books and records for the firm. The software is capable of retrieving broker dealer data files, that contains transactions of trades placed by the RIA for the clients that they manage, performing reconcilliation, generation of performance reports, and so on. This is not a bird, though some RIAs refer to it as the B-52 bomber because of it's age and versatility, and ability to outlast the times. Well except that it could not go cloud based, though they did that sorry excuse of a squint your eyes and pretend its a cloud application running in some VM accessed through Citrix at some point, instead of everything running on a single desktop computer in some RIA office somewhere. It was sold to Envestnet for $17M, along with "liabilities", and Schwab also collected license fees, typically at $5K a seat. This ain't no investment. They worked on this for like 2 years, and it was released in 2013 as part of SPT.