Portfolio Monitoring and Alerts
Traditional alerts are based on market prices and volumes. WealthSpectrum has capability to monitor individual portfolios on the basis of portfolio level parameters such as holding, sector weight, unrealized gain or loss, ROR, cash level and then provide alerts and monitoring messages in conjunction with market conditions. Alerts and monitors can be scheduled and executed at pre determined time intervals providing capability to track and monitor portfolios. Portfolios also can be monitored through Client Selection tool which can be invoked on-demand.
The result of a Alert / Monitor or a Client Selection criteria can be saved as list of accounts in WealthSpectrum for further action such as reporting or order generation through one of the portfolio customization tools. The list attached to alert or monitor will be refreshed automatically on the execution of alert and monitor.
Alerts
WealthSpectrum provides for market alerts based on price and volume. Alerts can cover an account or a set of accounts. Maturity alerts for fixed income securities are also available. WealthSpectrum also provides for portfolio alerts based on portfolio specific data such as holding, sector weight, unrealized gain or loss, ROR, cash level or change of these parameters over a period. Market and portfolio alerts can be set up in conjunction or independently.
Example -Trigger an alert when IBM crosses $100 for accounts with IBM holding >= 5% of portfolio and unrealized gain for IBM >= 30%.
Monitors
WealthSpectrum provides for continuous monitoring of markets and accounts on the basis of conditions set up by advisor or corporate users.
Advisors or managers can set up multiple monitors to track portfolios or securities within portfolio for market value or holding, unrealized gain or loss, ROR, weight, cash limits, cash flows etc. and be alerted on occurrence of the event, taking away most of the monitoring burden and improving productivity and timeliness.
Examples
- Unrealized gain / loss for a specific security exceeds prescribed % gain / loss.
- Holding in a specific / or any security exceeds % of portfolio.
- High or low cash level in account.
- Large cash flow in account.
- Underperforming accounts compared with benchmarks.
- Combination of multiple conditions using boolean operators.
Continuous monitoring and alerts can help in:
- Triggering timely action in volatile markets.
- Improving efficiency and productivity of advisors and managers.
- Providing timely and personalized advice to clients
- Generating superior returns with active management
- Capturing cross selling and investment opportunities as and when they arise.
Client Selection
Client selection provides for on demand query functionality for filtering accounts based on given criteria.Selection parameters include:
- Market value and % holding
- Unrealized Gain
- Realized Gain
- Free cash and eq
- Rate of return
- Account atributes
- And / or Boolean operators