Financial advisers get access to portfolio stress test
Instreet Investment is developing a portfolio stress test and risk management service for direct share and exchange traded fund portfolios that gives financial advisers the ability to "check-up" and quantify the investment risks in their clients' portfolios.
The Portfolio Check-Up has been developed in conjunction with Risk101 - a global company offering front, middle and back-office valuation and risk management solutions to institutional clients.
"This service will enable financial advisers to easily quantify and explain the risk in their clients' share and ETF portfolios, ensure clients are comfortable with how their portfolios are constructed, be able to quantify the expected portfolio performance, and, significantly, have a mechanism that better explains where performance is expected to be derived," Instreet managing director George Lucas said.
"Quantifying and understanding investment risk has long been recognised as an integral element in any institutional portfolio management process. With Instreet Portfolio Check-Up, financial advisers will be able to offer a similar service for their clients," he said.
The reporting service will be offered to the retail market via the financial adviser network, with early 2012 the target date for the formal launch.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
