According to the paper, when formulating a financial plan, an investor's current position is assessed, goals are set, an action plan is put into place and a quarterly report is produced providing investment performance against historical values, benchmarks and peers. However, these reports fail to tell investors how theirinvestments and their personal inflows and outflows are performing in the face of market fluctuations and economic volatility. Investors are lacking an accurate and complete picture as to how, or even if, they are achieving their financial goals.
"Investors are demanding greater information about their investments from their investment professionals and when that need is fulfilled, we find it actually increases investor confidence," said
One primary goal of an investment professional is to manage as much of an investor's wealth as possible. According to the paper, by providing a personalized, comprehensive view of an investor's entire portfolio, investment professionals can make more informed and tailored decisions for each investor based on timely data. The data shows that as trust between the investor and advisor increases, an investor may allow management of a greater amount of household wealth.
Pacholski added "Providing investors with a holistic report of their investments could sound like a costly offering. Investment professionals need to know that there are cost-effective solutions on the market that provide customized data reporting, such as our Albridge solution, which provides investors with a personalized rate of return."
The paper offers insights and strategies for investment professionals to gain and retain clients in this growing on-demand investing environment. Other key insights include the following:
- Investors are demanding more sophisticated, transparent, personalized performance data, regardless of portfolio size.
- Providing money-weighted return reports provides investors with a more accurate and complete investing tool, building a deeper level of confidence and trust.
- According to the 2010-2011
PNC Wealth and Values Survey, 74% of wealthy individuals want "greater transparency" from their financial institutions. Similarly, 77% of respondents said information and technology integration allows them to better manage their investments.
To obtain a copy of the white paper, Democratizing the Rate of Return: Real-time Portfolio Performance and Risk Reports for all Investors, visit www.albridge.com.
Albridge Solutions, an affiliate of
|Source:||PR Newswire Association LLC|