5th March 2013
Capita Financial Software (Capita) today announces that Premier Portfolio Managers (Premier) are the first business to join Synaptic Risk – a brand new service enabling advisers to quickly and easily establish clients’ Capacity for Loss (CFL) for the range of Premier multi-asset portfolios.
Commenting on the announcement Premier Sales Director, Mike Hammond said:
“Advisers are increasingly looking for support tools to help assess client and portfolio risk. We are pleased to be working with Capita’s Synaptic Risk service for our multi-asset portfolios and hope the service will help advisers and their clients further understand their risk situation.”
The Synaptic Risk service assigns a CFL ‘stamp’ – using projected maximum, average and minimum return figures to calculate an actual projection – for investment components including funds, portfolios, synthetic risk rated instruments (SRRIs) and Discretionary Fund Management (DFM) portfolios.
Last month, Capita launched a risk profiling and investment planning tool Synaptic Modeller – the latest release in the Synaptic Fusion technology suite for advisers.
Capita Product Director, Will Watling, said:
“Until now, a single, consistent, quantifiable figure representing an absolute stochastic projection of risk and return for any portfolio has not existed. Unlike volatility, it doesn’t significantly change due to a moving window of data, it’s a figure advisers can rely on looking forward not backward.
Like the APR in the loan market, we hope clients & advisers alike, will overtime, intuitively understand how the CFL figure helps them understand risk in their personal situation.
“It’s great that we’ve been able to work with Premier to help advisers see the characteristics and benefits of their propositions, regardless of the adviser’s investment strategy they form part of.”
Les Lee, Managing Director of Network Direct added:
“This is a great example of how the investment community is responding to the evolving needs of advisers and working with leading technology solutions like Synaptic Fusion.”