Wealth management fintech firm, JHC Systems, has launched a digital risk analytics tool available through JHC Neon. The enhanced offering sees JHC partner with quantitative risk analytics provider, Raise Partner.
Edward Lopez, chief revenue officer at JHC, commented: “The regulatory spotlight is intensifying and to avoid penalties and reputational damage, wealth managers must have a microscopic view of their portfolios anytime, anywhere.
"Partnering with Raise means this is exactly what we can deliver. The combination of its quant team, analytic tools and our digital technology means we can quickly implement a scalable and cost-efficient service.”
Neon provides wealth and investment management professionals with automated portfolio monitoring for instant risk analysis and ongoing suitability checking. The technology, which is system-agnostic, allows wealth managers to review all holdings and asset classes, in all portfolios across their firm, taking into account factors including mandates, weightings and benchmarks.
This allows managers to compare, identify and analyse the source of risk in order to understand when and what action is required. This functionality has been developed while ensuring Neon has a fast, zero-cost implementation process and works on a subscription based model to reduce barriers to entry.
Mr Lopez continued: “What matters to the industry is that they have smart tools in place that are quick to implement and easy to use. This is not only critical from a compliance perspective, but will also bring real business benefits.
"With Neon, we’re changing how wealth managers communicate with the clients. Firms can now provide data-rich rationale for the decisions they make, improving relationships and providing opportunities to increase assets under management.”