Singapore-based bank DBS has rolled out a Portfolio Advisory Enablement Tool (Paet) that help advisers create in-depth assessments of overall portfolio performance, risk exposure and benchmark investments against clients’ risk appetite and needs.
The feature has been available across DBS since late 2019, and allows relationship managers (RMs) to provide a broader picture of the portfolios held by their customers.
Paet has been co-developed by the Singaporean bank and wealth technology provider EdgeLab, and its main features include the ability to:
- Risk-dissect all the client’s investment holdings, which may include a mix of asset types, and consolidate each holding’s risk exposure to provide a full view of the client’s portfolio risk;
- Measure and analyse the performance of all the client’s investment holdings, both as individual holdings and collectively as a portfolio, and identify key performance drivers; and,
- Provide estimated future cashflow projections for fixed income assets.
More detailed data
DBS said the tool will be able to generate reports in less than five minutes, while the bank claims it usually takes advisers at least 25/30 minutes to create them.
It added that the tool will reduce human error.
Sim Lim, group head of consumer banking and wealth management at DBS Bank, said: “Understanding what you own and how each investment impacts your portfolio is fundamental to making robust investment decisions.
“It is key to navigating today’s uncertain markets, where it is important to go back to basics, and not leave things to luck or chance. Paet allows us to efficiently deliver the insights RMs and clients need to make informed decisions based on real risks and performance drivers.
“It is testament to our capabilities in harnessing technology to transform the ‘usual way’ of doing things, empowering our RMs to provide richer, more detailed and contextualised investment advice that benefits clients for the long-term.”
