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.
AUTHOR
Staff Writer
Recommended for you
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
As the government announces a public inquiry into the collapse of Dixon Advisory, risk adviser Richard Silberman has detailed the three areas that typically lead to an AFSL's collapse.
