Instreet launches risk management product
Instreet Investment believes it has gained good traction for its risk management and stress-testing product Instreet Portfolio Check-Up.
The company announced this week that four groups had signed up for the product which is aimed at clients' direct share and ETF portfolios.
Take-up of the product follows on from a trial program launched with several advisors late last year.
Instreet managing director George Lucas said the company expected demand for the product to grow.
"Advisors know that the new 'best interest' test will require them to take more steps than they currently are when providing expert advice in the field of direct equities," he said.
"Being able to assess the risk of their clients' direct equity portfolios will assist with this added burden and, as such, this service could become an integral part of the process."
Instreet Portfolio Check-Up is designed for portfolios with 10 or more holdings of Australian shares listed on the Australian Securities Exchange, ETFs, hybrids and cash.
The service was developed in conjunction with Risk101, a global company offering front, middle and back-office valuation and risk management solutions to institutional clients.
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