Bravura-owned FinoComp releases 'game changing' portfolio evaluation tool for platforms

Investment performance reporting tool Insight allows advisers to break down the contributions of different assets to a portfolio's performance within any time periods and can be integrated with any platform.

It also allows advisers and wealth managers to assess how a portfolio would have performed if it contained particular assets against its current performance, identifying the winners and losers of a portfolio.

The tool allows advisers to analyses returns on a time-weighted basis - so it does not factor in the impact of individual's contributions or withdrawals - or on a money-weighted, which does factor in these activities. FinoComp has tested the microservice on a Bravura-driven platform after the company acquired the platform tech provider in October last year.

FinoComp managing director Ray Tubman (pictured) said while some platforms had portfolio analysis tools, Insight's capabilities took this further.

"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," Tubman explained.

"Offering both time-weighted and money-weighted returns, multi-currency reporting and attribution at individual asset level Insight is a game changer for advisers looking to provide tailored, accurate and transparent performance reporting for their clients."

Tubman said portfolio valuation tools were particularly useful during times as crisis, such as during the pandemic, when clients wanted to drill down into the performance of their investments.

"From an adviser's perspective, they have placed clients into investments due to risk profiles [and] I think there's a lot of interest in performance in market downturns, especially the impact of fees on performance. Fees and performance come under scrutiny, that's why it makes it really important to show the factors that influenced a portfolio," he said. 

Tubman explained that Insight also factored in the impact of adviser fees on a portfolio's performance.

The managing director said he developed Insight in response to a recent NextWealth led survey that found portfolio performance analysis was a main priority for advisers when it came to platforms.

It follows the fintech provider's release of its Tierdrop microservice, which automates the process of issuing 10% portfolio drop notifications for advisers.

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• FinoComp
• Ray Tubman
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