pControl™ Discretionary Portfolio Management solution profile is intended for organizations managing full or partial discretionary allocations, trading in open architecture funds, alternative investments, separately managed segregated accounts, or proprietary products across multiple clients, managers, sub-advisors, or custodians.

Designed to address the needs of Chief Investment Officers, Portfolio Managers, Compliance Teams and Investment Operations who manage bespoke client or product-wide Asset Allocation models, this solution profile is tailored to:

  • Outsourced CIOs
  • Delegated Investment Managers
  • Fiduciary Managers
  • Endowments and Foundations
  • Implemented Consultants
  • DB Pensions Providers

Discretionary Portfolio Manager Capabilities

  • Portfolio Management Dashboard view of client or product Asset Allocation models into external pooled product, proprietary fund products, limited partnerships and separately managed or segregated mandate accounts
  • Plan level drill through of multiple asset allocation structures to show valuations, weights and detailed compliance alerts, and to model proposed order prior to approval
  • Co-existence of discretionary modelling and automated plan Cash Allocation & Rebalancing across standardised or client specific Asset Allocation models, with ability to allocate around illiquid positions or held-away assets
  • Ability to combine multiple custody/registered holding accounts within a single Asset Allocation model without being prohibited in trading across a single Asset Allocation model

Compliance Capabilities

  • Portfolio Management Dashboard to allow both Portfolio Managers and Compliance Teams to monitor actual portfolio weights relative to policy guidelines and manage compliance events across multiple clients or plans
  • Ability to define multiple Investment Structures and multiple Compliance checks to represent both the external Asset Allocation Policy as well as internal Risk Policy settings
  • Effective Exposure or synthetic asset re-allocations to calculate true Asset Allocation positions
  • Capture and management of multiple user definable operating ranges, such as:
    • Investor Policy Statement (IPS) or Product Disclosure Statement (PDS)
    • Strategic Asset Allocation (SAA)
    • Tactical Asset Allocation (TAA)
  • Multiple weight calculation definitions to support IPS, PDS, SAA, and TAA compliance
  • Auditable compliance events demonstrating adherence to IPS, PDS, SAA and TAA ranges

Investment Operations Capabilities

  • Order Management transaction life-cycle for placement, approval and settlement instructions and notifications to multiple custodians, multiple transfer agencies and multiple asset managers
  • Proprietary product Order Management of inter-plan investment cashflows and receipt of external transfer agency cashflows
  • Cash Forecasting for management of client funding and liquidity demands
  • Integrated Reconciliations for Cash, Transactions and Holdings
  • Attention Status Monitor  dashboards to allow Investment Operations personnel to manage exceptions and escalations across the entire Investment Process
  • Standardized data loads, transaction reports, transaction instruction and notification exports with SWIFT, EMX and scanned document/fax interface support

Benefits

  • Reduced operational risk through Portfolio Managers, Compliance Teams and Investment Operations personnel utilizing a single platform to provide transparency for proposed, approved and confirmed order instructions
  • Scale efficiency and improved margins through automated STP rebalancing, combined with front-office discretionary modelling, proposed order and order approval steps
  • Improved investment efficiency to accommodate illiquid or held away assets, asset holdbacks, reallocation of exposure and forecasting of available liquidity
  • Flexibility for growth in new client and plan take-on with ability to define multiple asset allocation structures with multiple compliance ranges
  • Reduced counter-party risk in cash and unit order management of trade instructions or manager notifications, as well as transaction documentation capture for physical documents
  • Reduced data handling effort and cost through inbuilt data management for start of day positions, internal holding, transaction and available cash reconciliations

Oversight of Outsourcing Arrangements

For organisations who have outsourced their NAV Pricing and Fund Accounting functions, optional integration of NAV Oversight capabilities to provide risk assurance over daily valuation for Collective Trust Funds, Sector Interfunds or Proprietary Products.

Benefits include:

  • Reduced operational risk for investors and strengthening of fiduciary controls
  • True and independent verification ensures that outsourced functions are up to the highest standards
  • Eliminates the need for excel spreadsheets and multiple disparate systems

Extensibility

  • When implemented with Fund Analytics provides simple fund return comparison analysis, time series generation, charting and ex-post risk analysis
  • When implemented with Performance & Attribution provides accurate performance attribution for multi-asset multi-level investment structures, including lookthrough and interfund performance for segregated mandates / separately managed accounts