Release Notes 1.16.0
We are excited to announce the launch of our new Target Market Assessment feature, an enhancement of our Advanced Suitability capabilities. This feature expands the criteria used to determine the suitability of financial products, ensuring compliance with investor-specific requirements:
- Investor type - Ensures that financial instruments are suitable based on the investor classification (e.g., professional or retail)
- Risk score - Matches instruments with the investor's risk profile, flagging instruments below the required risk threshold as unsuitable.
- Time horizon - Verifies that the instrumentยดs minimum time horizon aligns with the investor's objectives.
Additionally, this feature introduces the ability to deem instruments as suitable within portfolio contexts, even if they might not meet individual suitability criteria, based on overall investor risk scores.
The Target Market Assessment offers flexibility, allowing you to select which criteria; investor type, risk score, and time horizon - are used to assess product suitability. This customization enhances the toolโs adaptability to diverse advisory strategies and compliance needs.
As part of our focus on compliance by design, Deep Alpha can prevent advisors from proceeding with portfolios that contain unsuitable instruments, enhancing compliance measures. This functionality is optional but recommended for those using the Target Market Assessment.
To learn more about how this feature can benefit your organization and to schedule a demonstration, please contact our delivery team.
We are pleased to announce a new enhancement in our Deep Alpha cost analysis tool. This update introduces a multi-goal lookup for step models, enhancing the accuracy of cost calculations across multiple investment goals:
- Enhanced accuracy: By aggregating the sum across all investment goals, the step models provide more precise cost estimations, reducing the need for manual fee overrides.
- Streamlined Process: This functionality ensures that the costs derived from the system are both accurate and reflective of the combined investment objectives.
This feature requires activation by our delivery team. To learn more about this functionality and how it can enhance your financial advisories, please reach out to our delivery team for a detailed discussion.
- Cost calculation fix: Corrected an issue where overrides to fund management fees with step models led to inaccurate cost calculations, ensuring precision and reliability.
- Portfolio Warning: Added a feature to alert users if a portfolio contains instruments that are no longer available for sale, enhancing compliance and decision-making. Activate upon request.
- Sustainability data in session API: Enhanced the session API with support for off-model questions, answers, and comments related to sustainability
- Transaction List Updates: Resolved discrepancies in transaction list numbers between Deep Alpha and PDF outputs. Added action icons (buy, keep, sell) to both the PDF and transaction list for clearer visual guidance.
- Portfolio Mapping Flexibility: Now configure portfolio mapping individually for each product platform, enhancing flexibility in aligning model portfolios with specific risk levels per platform.
The Quantfolio team hopes you enjoy the new functionality and enhanced user experience. If you encounter any issues or have any questions, please do not hesitate to reach out to us here Additionally, if you have any suggestions for new features or improvements, please let us know here.๏ปฟ
Release date: 19.09.2024 Version number: 1.16.0
