InvestEdge

InvestEdge Unveils Performance Composite System

InvestEdge, Inc., a leading provider of wealth management solutions to large HNW and UHNW investment firms, has unveiled a new performance composite engine. The latest enhancements provide additional management tools for firm-wide and product-level performance composites with the ability to track and maintain when accounts come into and out of the composite.

With InvestEdge ASP, firms can now track portfolio participation and calculate asset weighted performance composites and compare them to relevant benchmarks. This enables investment managers to make valid performance comparisons against all assets managed to the same style. Composite universes can include groups of accounts with similar objectives, portfolio characteristics, market value, or other customizable attributes.

To calculate composites, InvestEdge uses GIPS®-compliant calculation methodologies based on time weighted rates of return, daily valuations, and trade data and accrual accounting for holdings. As a result, advisors can analyze and report on key composite metrics such as portfolios and assets within the composite and annual rates of return. In addition, firms can measure dispersion, including standard deviation of portfolio returns for any periods, as well as cumulative returns for the composite and corresponding index over any time period.

According to Bob Stewart, CEO of InvestEdge, “The new composite capabilities greatly extend the value of InvestEdge ASP’s industry proven performance system by providing a management-level picture of portfolio performance, and equipping firms for effective performance marketing. Firms can easily track portfolio participation, create composites for any portfolio grouping, and compare them to relevant benchmarks.”