PRESS RELEASE: Atlanta-Based FiduciaryVest Adopts InHub’s eRFP Technology
Atlanta-Based FiduciaryVest Adopts InHub’s eRFP Technology
The web-based software solution will enable FiduciaryVest to modernize their Request for Proposals (RFPs) process, from a once cumbersome offline task.
ATLANTA, GA. May 2017 – FiduciaryVest, a nationally recognized Consulting Firm announces a new corporate license of InHub’s eRFP technology – the first web-based solution to digitize the request for proposal (RFP) and due diligence questionnaire (DDQ) process for the institutional investing community. The enterprise license will allow the consulting firm to streamline the process, increasing capacity to take on more search projects while still providing a highly-customized and comprehensive evaluation process for their clients.
FiduciaryVest advises on approximately $16 billion in institutional assets including Retirement Plans, Health and Hospital Systems, and Foundations/Endowments. The firm intends to use the eRFP tool to circulate and collect:
- Request for Proposals for Recordkeepers/Custodians/Trustees, Actuarial Services & Investment Managers,
- Due Diligence Questionnaires on firm utilized and recommended Vendors & Managers
Both qualitative and quantitative RFP/DDQ responses will populate a proprietary, in-house digital database delivering more accessible and actionable data to the firm’s Consultants and Analysts.
“We recognize that it’s the quality of our strategic advice that our clients value, and there is no substitute for it.” Philly Jones, Managing Director at FiduciaryVest said. “However, we are intentional in our efforts to find effective uses of technology to gain efficiencies in the management of information and data associated with the increasing occurrence of vendor searches across our client base.”
Current RFP respondents were surveyed as to their preferred online RFP solution and InHub was described as “seen used the most” and “easiest to use”, which was an important consideration factor for the Top Consulting Firm.
“In the institutional investment world, a drawn-out RFP and delayed hiring decision can have much higher risks and opportunity costs, than in other industries. Our technology supports innovative and sophisticated consulting firms that recognize this, and want to RFP at the new speed of business,” said Ariana Amplo, CEO of InHub. “We are absolutely thrilled to have FiduciaryVest onboard.”\
For more information on FiduciaryVest’s investment consulting services please visit www.fiduciaryvest.com or email Nathan.Etheridge@FiduciaryVest.com.
FIDUCIARYVEST is privately-owned, independent Registered Investment Advisory (RIA) firm dedicated to delivering targeted, objective advice to fiduciaries who oversee institutional investment programs. FiduciaryVest’s high-touch service, tailor-made solutions, and innovative thought leadership has led to a Top 20 national discretionary manager ranking, based on assets, and strong organic growth since its inception in 2005. Advising on nearly $16 billion in assets, representing over 100 institutional asset pools, FiduciaryVest continues its founding mission to serve its long-term relationships as fiduciaries and trusted advisors.
eRFP, the technology behind Chicago-based InHub, is evolving the way the institutional community hires by bringing the request for proposal (RFP) and due diligence questionnaire (DDQ) process online. eRFP offers users an elegant solution to issue and collect proposals and data with ease. Since InHub’s beta launch in April 2014, over $60 billion worth of institutional searches have been issued including: Investment Consultant, OCIO, Auditor, Recordkeeper, Investment Mandates and more. Visit http://theinhub.com/partners/eRFP/ for more information. InHub also offers additional RFP Concierge services to institutional investors running an investment consultant RFP.