• Assists in ensuring alignment of investment portfolios to model portfolios
• Facilitates enhanced investment portfolio compliance
• Offers independent, reliable checkpoint for model portfolio providers
Financial Simplicity, specialising in advanced technology for mass tailored portfolio management, is launching a Model Portfolio Compliance Hub to assist industry participants with ensuring their investment portfolios track accurately against nominated model portfolios.
Initially available in the United Kingdom and Australia, the Model Portfolio Compliance Hub will provide a platform-independent checkpoint to give model managers confidence that associated portfolios are consistent and compliant with their model portfolios.
Given that model portfolios are becoming subject to increased regulation and monitoring by national regulators and client scrutiny, reliable alignment of client portfolios to model portfolios is essential.
Commenting on the exponential rise of model investment portfolio use around the world, Stuart Holdsworth, CEO of Financial Simplicity, observes that, “The growing appeal of model portfolios is driven by many factors, most compellingly by the facility to deliver repeatable, scalable and reliable investment services to clients."
Holdsworth further commented that, "Many wealth advisors are finding the continual monitoring of portfolios is more challenging than anticipated. Under some processes, things slip through the gaps causing deviations in performance or in structure away from the desired model portfolio. Our Hub is designed to help industry participants identify and rectify these problems."
The Model Portfolio Compliance Hub will be available to model portfolio managers who, in turn, can invite wealth manager and platform partners to upload their ‘shadow’ and client portfolios into the Hub for a comprehensive compliance cross-check.