Data is complete and trustworthy. Regulatory and compliance requirements are met as a matter of course; services and products can be shaped around known and specific customer needs.
As AUM grow, so does Figaro—without constraint. No more hold ups, system ‘fixes’ and complex reconciliations between modules and offices.
Engineered for the long haul, Figaro endures for the life of the enterprise. Long term expansion or consolidation strategies can be followed with confidence, firms can protect and enhance their market share and gain control of their costs.
Figaro enables wealth managers to evaluate allocation strategies to ensure they are meeting their clients’ investment mandates. Using the risk profile, service level and objectives of each portfolio, Figaro analyses each client account to confirm (or not) that each portfolio is being managed within an acceptable range of risk. Analysis can be conducted both across the firm and/or on a manager-by-manager basis to ensure that the level of risk exposure is commensurate with performance.
The two options for measuring performance are:
1. Daily weighted performance: portfolios that are flagged for performance measurement are valued every night. Performance data is readily available for calculations, and as returns are stored daily time-weighted requirement can be satisfied. Returns are split by capital and income, enabling both separate and total returns to be available.
2. Periodic returns: the start and end value of the account over the investment period is modified by the cash and stock movements in the period. It is adjusted by a time-weighted proportion of any stock or cash injection or withdrawals. The returns are also split by capital and income, enabling both separate and total returns to be available.
Figaro shows how far each portfolio is from matching an asset model in terms of proportions of holdings in each stock category. Portfolio holding and model target weights are real time, giving the manager a true picture of how closely the portfolio matches the model.
The managed service is hosted off site, so Figaro can be up and running in three months or less, with little if any disruption to day-to-day operations.
One single point of contact, one contractual arrangement
By enabling firms to delegate the management of their operational requirements, the Figaro managed service eases their IT admin burden. Valuable IT assets are released for deployment elsewhere and managers have more time to concentrate on revenue-generating activities.
Once the service is live, the firm has the peace of mind knowing that its operational infrastructure is being monitored and managed constantly by Figaro’s support teams. Whenever an issue arises, in most instances it is resolved seamlessly and quickly.
Reduced operational risks and costs
The Figaro managed service reduces operational risks, staff training costs, spending on IT infrastructure and resourcing and frees up technicians to work on other projects. All the necessary hardware, operational and application support and testing is included in the service. Users can also call on the skills and experience of Figaro’s dedicated team of support engineers. Individually and collectively, the managed service support team has accumulated more knowledge on the platform’s configurations than most in-house IT departments could ever hope to
Approved Transaction Reporting Mechanisms
The Figaro REST API, which is based on the same architectural design used by Amazon, Google and Twitter enables users and third parties to build fully-featured custom calculations, reports and other plugins using a familiar design pattern.
Client on-boarding and maintenance, portfolio valuations, cash statements, transaction history, corporate actions processing and order management (RSP orders and limit orders) are all supported.