London – GBST, a leading provider of wealth management administration, adviser and digital technology solutions, has enhanced the model portfolio functionality available within Composer, to improve usability and help advisers and Discretionary Fund Managers (DFM) minimise delays and eliminate manual overheads involved with managing model portfolios.
GBST’s Composer wealth management administration platform has supported firms in administering model portfolios at scale for many years, allowing users to seamlessly create, update and rebalance models either individually or in bulk, as well as service many clients in a few clicks.
GBST’s new product capability now delivers even greater flexibility, to enable users to manage multiple model portfolios per account and to choose if to include or exclude cash and sacred assets from these models. Advisers can also create segregated investments with different strategies and risk profiles, providing greater flexibility to plan around investor life events and ensure investments remain aligned as circumstances and goals change. Users can also assign DFM fees to specific models, automating calculations and payments to improve efficiency. They can set rebalance tolerances to manage drift, assign different assets per product under a single master model, and bulk-move investors from one model to another, reducing the need for manual intervention.
David Simpson, Head of EMEA at GBST, said: “According to the lang cat’s State of the Adviser Nation research, firms using MPS increased from 47% in 2022 to 53% in 2023. As demand grows, so does the need for more sophisticated and flexible administration functionality to support the efficient management of model portfolios. GBST has a long history of delivering advanced model portfolio management tools and we’re committed to continually evolving our functionality to improve automation and drive efficiency without compromising accuracy or security.
“Our enhanced functionality represents a further step forward in providing investors with a more tailored approach to wealth management. It delivers greater flexibility to adapt investments as circumstances change and supports our goal to maximise wealth management automation for our clients.”
The enhanced model portfolio functionality is available to all GBST clients. It has been added to Composer’s intuitive guided processing journeys, enabling single or multiple model portfolios to be assigned to an investment account when creating new business, setting up single and regular contributions, organising withdrawals, scheduling fees or placing trades.
Alternatively, organisations can securely embed a white-labelled user experience within their own digital portals, offering advisers, DFMs, and investors the power to self-serve and manage their model portfolios effortlessly. Firms also have the option to seamlessly transact and manage model portfolios by integrating the GBST functionality with other software via the Composer API.
Posted in: Wealth Management Administration
