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.
Understanding risk can be much easier for clients if you take them beyond the numbers.
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 Senior Business Architect for Albridge, an affiliate of Pershing, a BNY Mellon company. Mr. Davies is responsible for writing requirements on the firm’s major releases including performance reporting, fixed income, risk as well as several reporting enhancements.
Prior to joining the firm in 2005, Mr. Davies was with BNY Brokerage, a broker-dealer subsidiary of The Bank of New York. Over the course of nine years with the company he worked as a programmer, business analyst, implementation manager and product specialist in the soft dollar and product development areas of the firm.
Mr. Davies brings over 20 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) from the CFA® Institute.