Information overload is a problem faced by portfolio managers, analysts and other financial executives; but Redwood Co. has found a way to solve, or at least manage, it.
The Boston-based company's Redwood Manager collects, integrates and distills information from traditional and web-based sources, internal accounting systems, news feeds, message boards, earnings estimates, trade publications and the like, and filters the information through Internet-enabled devices, including desktop and laptop PCs, personal digital assistant devices and mobile telephones.
The Redwood service provides a consolidated view of portfolio holdings integrated with institutional-quality information and web-based data instantly, "wherever you are," said Robert Leaper, vice president sales and business development. Automated search and alert features focus on a specific portfolio, so users don't have to watch multiple applications and sites to track the market, news items and other information.
The service is available 24-hours a day and may be customized by each user "to allow you to get a better sense of what's going on with stocks in the portfolio," said Mr. Leaper.
Redwood Manager will launch in June for domestic equities for an introductory monthly fee of $250. Global equities will be added to the service in the summer of 2000 and global fixed-income this fall. The pricing breakdown for the full package has not yet been determined.