Software development company Finocomp has rolled out an investment performance reporting service for financial advisers and wealth managers.
The tool, called Insight, will provide planners access to analysis of performance data both for individual investors and across multiple accounts.
It also features time– and money–weighted options that advisers can switch between.
Finocomp, which is part of Bravura Solutions, said that usually managers tend to use time–weighted reporting for investor analysis, but results can “vary significantly” if they are independent of cash flows.
This means that professionals can give reports to clients who want to see the impact of cash flow and timing, as well as reporting that is not tied to money.
“For time-weighted analysis, the tool not only reports on what the account has returned, but also the contribution towards the return from each individual asset throughout the period,” the tech firm added.
“This performance figure can be further broken down to show the percentage of growth, again at individual asset level.”
Platform integration
Insight also allows advisers and wealth managers to create charts and graphs to demonstrate portfolio performance in any given period, which can be overlaid against benchmarks such as the FTSE.
Additionally, the service can be integrated into any platform that planners use.
Ray Tubman, managing director at Finocomp, said: “Allowing advisers and wealth managers to sift through copious amounts of data, Insight will run calculations real time, as it doesn’t have to store figures, it can therefore be used either interactively or to generate review reports in a batch or bulk.
“As a stand-alone microservice, Insight can be bolted on to any platform integrating with the advisers existing technology provider.”
