In life and in technology, we often use a "workaround" to solve a problem--even when a better solution exists. Take performance reporting, for example. Relying on stored performance for securities, as many firms do, can be effective for time-weighted performance; less so for money-weighted performance. Albridge Wealth Reporting produces more accurate results through calculating "just in time" performance at run time from positions, transactions and prices. Improvements continue, especially for larger portfolios. Read more to find out how Albridge Wealth Reporting sets a new standard for the industry.
Benchmarks typically benefit investors by showing the return a portfolio would have achieved as compared to another portfolio. Used improperly, however, benchmarks could suggest the portfolio manager is far worse or better than he or she actually is.
The call for greater efficiencies in wealth reporting services is not new. Technological inadequacies and convoluted communications have hampered best efforts by advisors for years. Add clients' growing requirements for more personalized, real-time portfolio information and many wealth management firms are scrambling to deliver.
Understanding risk can be much easier for clients if you take them beyond the numbers.
With investors demanding more detailed and individualized portfolio information, Albridge has pioneered personalized rate-of-return reporting making it efficient, accurate and cost-effective.
The typical business planning cycle can take 10 to 20 hours per yearor more. What's the "ROI" for this time commitment? In truth, few advisors have an answer.
When measuring performance, results can differ depending on whether money-weighting or time-weighting is used. The time-weighted Global Investment Performance Standards (GIPS) are often viewed as an industry best practice. As a result, GIPS are often applied to all business models. However, money-weighting may actually be the more appropriate way to accurately measure performance.
Trevor Davies is a Product Manager for Albridge, an affiliate of Pershing, a BNY Mellon company. Mr. Davies is responsible for Albridge Wealth Reporting, Albridge File Delivery, Quarterly Performance Reporting, Applink, Data Replication and Web Services. Previously, Mr. Davies was a senior business architect where he wrote major requirements including performance calculation enhancements, fixed income, risk as well as several reporting enhancements. Over the years, he has published several articles on performance reporting and risk in the Journal of Performance Measurement as well as Albridge’s client facing website.
Prior to joining the firm in 2005, Mr. Davies was with BNY Brokerage, a broker-dealer subsidiary of The Bank of New York. In nine years with the company, he worked as a programmer, business analyst, implementation manager and product specialist. Mr. Davies brings over 25 years of experience in the financial services industry on both the business and technology side to Albridge. He earned a Bachelor of Science degree in Engineering from Queen’s University. Mr. Davies holds both the Chartered Financial Analyst (CFA) and Certificate in Investment Performance Measurement (CIPM) designations from the CFA Institute.