advanced private wealth governance, suitability, risk and investment management solutions in the cloud or on-premise

BITA Risk’s study into the key challenges facing wealth managers highlighted time and regulatory risk (whether Consumer Duty in the UK or REG-9 in the US). Efficient use of front office time and oversight control in meeting regulation are the key areas needing action – often involving too much manual intervention and outdated legacy systems. Success can be measured as identifying and mitigating foreseeable harm and managing to good outcomes. To do this a firm needs to understand its clients’ requirements, implement the appropriate investment proposition, incorporate specific requirements and manage exceptions; this is where BITA Wealth and BITA REG-9™ help you capture, deploy, manage and control.

Quick efficient analysis and aggregation of data at scale, with seamless and efficient workflows for governance and client managers alike is at our core. Read below to discover how we can help you meet these new challenges with pre-trade and post-trade analysis and exception management, along with monitoring, ensuring compliance and delivering management information and governance reporting.

UK: Consumer Duty – management information (MI) and exception and audit reporting across foreseeable harm and outcomes. In the broad scope of Consumer Duty, management information and demonstrable processes are key. With daily exception monitoring across key foreseeable harm metrics and analysis and consistency checks on portfolio outcomes, BITA Wealth has got this covered, in an efficient safe way, enabling you to answer key regulatory questions.

US: REG-9 – bringing automation to ‘Initial’, ‘Admin. REG-9’ and ‘Unique Asset Reviews’ and reporting. Building on BITA Wealth’s portfolio analytics and exception monitoring, BITA REG-9 provides a new systematic REG-9 and Admin review process. Representing a leap forward in efficiency in REG-9 controls and governance, it provides flexible reviews, plus portfolio monitoring, joined with risk management and performance dispersion, in a single application and holistic report. This significantly lowers manual effort, reduces risk, and provides audit, control and insight into your business.

Central Investment Propositions – delivering and managing the exceptions – in every firm there are portfolios outside the plan. Being able to identify and rectify issues before they become a problem both reduces your firm’s compliance risk and the chance of negative outcomes for its clients, leading to everyone benefiting from a proactive forward-thinking approach. With known exception recording/reporting and over 40 test metrics, we go beyond just risk and drift and ensure your CIP is delivered. Bespoke client mandate portfolios are similarly checked with the same automation.

Risk and suitability governance – getting the fundamentals right – asset allocation drift or risk are not enough if you want to understand the true nature of a portfolio. Holdings based portfolio metrics volatility and other risks should be used to deliver enterprise oversight and control – enabling firms to better manage portfolio risk and delivering consistent outcomes. Managers need to be empowered with intuitive, relevant portfolio analytics. Underpinned by full exception management and approval processes BITA Wealth Monitor™ helps firms grow through demonstrable risk management, improved client retention, better M&A impact analysis, and protection against reputational risks.

TCFD – automated TCFD reporting – a scalable TCFD reporting and portfolio carbon management solution that reduces effort, data complexity and costs for you, but most importantly ensures you can meet the regulatory reporting requirements and add value to your client relationship through clear reports and demonstrable trends.

Sustainability – delivering your investment policy – powerful visualisations simplify complex ESG data to tell a clear story for every client in the context of your firm’s sustainable policy and their individual requirements. ‘What-if’ allows you to see instantly the impact of any portfolio change and discuss it with the client. Multiple sources of data are easily combined in a single portfolio view of sustainable analytics. Client preference capture supports an individual’s needs and ensures they are always monitored and met. Automation from capture through to monitoring and sending restrictions to other systems complete the process.