Essential features of a portfolio management system

Abstract

Portfolio management systems are a critical part of the wealth and asset management industry. These systems have evolved over the years and currently perform multiple functions. This paper looks at some of the critical features with which an excellent system is equipped, including models, compliance, order management, reports, financial information exchange (FIX protocol), rebalancing and versus purchase (VSP) trading. These features are already present in some of the leading products offered by information technology vendors. Equipped with this knowledge, financial advisors will be able to get more out of their usage of the system. The features are explained with examples and pictorial representations for better understanding. By customising the system to their requirements, financial advisors will be better able to respond to their high net worth clients’ needs.