IS.Teledata has developed and launched the new online financial advice software Portfolio Assist Version 2.0 for Dutch fund company Robeco.
Portfolio Assist 2 helps banks to streamline advice processes for private clients. The application provides the necessary financial market data and methods to analyse portfolio structure and yields. IS.Teledata, Europe's largest provider of customisable financial information systems, has expanded the existing Portfolio Assist software. The most important new feature is the inclusion of the client's existing portfolios at the beginning of the advising process. The new software analyses existing positions across strategic asset classes like bonds, stocks and money markets and other criteria like regions and sectors. After registering the investment objectives and risk preferences of the client, the software calculates a strategic sample portfolio for comparison with the actual assets. The private client thus benefits from high-quality and individual investment advice.
Standard & Poor's Funds Database and Ratings
The direct comparison of actual and sample portfolio reveals needs for re-allocation in the portfolio at a glance. The advice can be further refined by tactical re-allocation by countries, regions and sectors. The software presents all portfolio key figures such as volatility, earnings per year and maximum loss for different time periods. Based on the findings, Portfolio Assist Version 2.0 creates specific funds-based investment suggestions. The funds comparison covers the complete funds universe and rankings and ratings by Standard & Poor's. For the suggested funds categories, Portfolio Assist determines rankings based on a well-tried selection algorithm that contains qualitative and quantitative elements. To ensure neutral behaviour, the software only includes the Robeco fund that scored best compared to all funds categories. Robeco, one of Europe's leading providers of asset management services, thus uses the tool to increase its reach and sales. The financial advisor can also present his own suggestions, by adding funds and comparing them. Portfolio Assist is used by Robeco's sales partners in Germany. Approximately 800 financial advisors in banks and savings banks as well as independent advisors employ the online advisory software.
"We are very satisfied with the success of Portfolio Assist. The software has been very well accepted by the many sales channels and their private clients. In addition to better customer retention, we benefit of course from the associated sales of our products," says Kai Röhrl, who is responsible for marketing activities in Germany and for the development of the software. "It was only logical to take the software which has been first deployed in August one step further."