Family Office
InvestEdge unveils composite-tracking capabilities
Tech vendor's enhancements let advisors make valid performance comparisons. InvestEdge has added a new performance-composite engine to InvestEdge ASP, a web-based system designed to help banks, trust companies, brokerages, and investment firms manage, monitor, measure and report on high-net-worth and ultra-high-net-worth portfolios.
"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," says InvestEdge's CEO Bob Stewart. "Firms can easily track portfolio participation, create composites for any portfolio grouping, and compare them to relevant benchmarks."
Valid comparisons
The addition of a performance-composite engine gives InvestEdge
ASP users the ability to track portfolio participation, calculate
asset-weighted performance composites and compare them to
relevant benchmarks.
This is meant to help investment managers 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.
InvestEdge uses GIPS-compliant calculation methodologies -- based
on time-weighted rates of return, daily valuations, and trade
data and accrual accounting -- to calculate composites. 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. Firms can also measure dispersion, including
standard deviation of portfolio returns and cumulative returns
for the composite and corresponding index for any given
period.
Philadephia-based InvestEdge says its core application can be
integrated with most back-office portfolio-accounting,
trust-accounting, brokerage and trading systems. Its client
roster includes Greycourt and Co., TD Banknorth, Glenmede Trust
and Wilmington Trust. -FWR
Purchase reproduction rights to this article.