IRESS has updated its XPLAN software to alert advisers when a 10% drop has occurred in a client portfolio in an effort to help with incoming Markets in Financial Instruments Directive II (MiFID II) requirements.
Under the incoming European regulation investment firms providing a portfolio management service will need to inform clients - from 3 January 2018 onward - if their portfolio falls by 10% or more. As well as alerting advisers when 10% drops occur, IRESS said its new XPLAN functionality will allow advisers to quickly contact clients in bulk through the software's integrated email and reporting. A separate function has also been added to help advisers manage workflow processes, client contacts and compliance records. "This specific XPLAN capability to meet the MiFID II 10% drop requ...
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