Prior to the COVID-19 pandemic and the 2020 market crash, ESG investing was followed by many clients who wished to direct the way that their portfolios were invested, driven by a desire to positively influence Environmental, Social and Governance (ESG) progress. Investment firms considered some of the ESG factors as part of their basic company analysis, with some firms going further, focusing in depth on ESG factors and developing a range of ESG investment approaches.
BITA Risk built its reputation on taking complex risk and portfolio data and making it highly accessible within its efficient portfolio management applications. Now it has applied this approach to ESG (Environmental, Social and Governance) investment, automating many manual steps through exception management and integrating key data as part of the client profiling and investment processes.
Charles Stanley’s COO, Michael Bennett, commented: “BITA ESG Manager has taken the complexity of ESG factor data and presented it with such clarity that it can be efficiently managed and monitored across large numbers of our clients, forming an integral part of our investment strategy.”
Charles Stanley’s investment managers will benefit from detailed visualisations, helping them to understand exposures, check preference conflicts and assess the impact of ESG-driven changes on risk, yield and return.
Daryl Roxburgh, President and Global Head, BITA Risk: “Recognising a client’s ESG preferences and understanding asset exposures are key to effective portfolio management and analysis. Using exception management to identify any conflicts is the most efficient way of keeping a portfolio within mandate and this, together with innovative client reporting, is how BITA ESG Manager can manage the process with flexibility and on the scale required by Charles Stanley.”
Ian Murrin, CEO and Founder, Digiterre, said: “We are delighted to collaborate with corfinancial to help build a technology solution for investment managers who increasingly demand the integration of ESG factors into their investment processes. We look forward to providing advanced software and data engineering services to complement corfinancial’s deep domain knowledge and expertise in investment management. The end result is products that are both technically proficient and transformative in nature.”
corfinancial has been significantly investing in its flagship solutions in recent years, acknowledging that the software world needs niche firms like Digiterre with cutting edge skillsets that can help place a product ahead of the changing market demand.
Bruce Hobson, CEO, corfinancial, said: “Digiterre’s specialist data transformation skills and our understanding of what wealth management firms require in order to reduce manual processing and improve the client experience is a powerful combination. We look forward to further projects with Digiterre to ensure that our products are forward-looking and best-in-class.”
Daryl Roxburgh, President & Global Head, BITA Risk joined a Compeer panel of ESG experts and industry decision makers to speak on ‘A practical approach to ESG management for Private Clients’.
Please click on the image to see a video recording of the event.
In this issue you will read about our proactive approach in providing consistent and uninterrupted service to our clients during lockdown, while investing in the future with exciting product developments across our portfolio of solutions.
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Boston, June 22, 2020 – corfinancial, a leading provider of specialist software and services to the financial services sector, reports that it has hired wealth management consultancy F2 Strategy.
The agreement will further enhance the
functionality and market penetration of corfinancial’s wealth management business,
BITA Risk.
With client AUM in excess of US$200bn,
BITA Risk is a leading provider of integrated private client suitability
profiling, portfolio and ESG management, risk and monitoring applications in
the HNW and UHNW sectors. The software gives managers freedom within a
framework to construct and manage portfolios in the context of risk, policy and
mandate, so they achieve suitability whilst delivering control and transparency
to management.
Based in California, F2 Strategy is a technology consultancy that addresses the widening gap between
expectations of affluent clients and their wealth management experience. Staffed by former executives from top-rated wealth
firms and family offices, F2 Strategy provides technology
roadmaps, innovative digital client interactions and the automation of investment
and operational processes. The company was founded by accomplished veteran
wealth CTO Doug Fritz.
“As strategic advisor to
the BITA Risk business, our first objective is to shed light on the potential automation
of Regulation 9 compliance – an area where bank trusts have been underserved by technology for decades. BITA Risk brings a way of making
the Reg 9 process far more streamlined through a powerful exception management
engine,” said Doug Fritz. “Our
second objective is to communicate the value of ESG management to wealth
management firms that are trying to address client demand in this area and to
differentiate.“
Daryl
Roxburgh, President and Global Head, BITA Risk: “Doug and his team are renowned
globally for their expertise in making technology work better for wealth
managers and improving the client experience for their investors. Their unique
thought leadership and extensive network will be vital to us as BITA Risk
continues to make significant inroads within the wealth management arena.”
Daryl Roxburgh, President and Global Head: BITA Risk, takes part in a panel discussion on how COVID-19 is impacting ESG and investing.
Daryl Roxburgh, President and Global Head of BITA Risk, takes part in a Family Wealth Report panel debate.
Daryl Roxburgh, President and Global Head, BITA Risk, talks to Tom Burroughes from Family Wealth Report about its success in the recent awards.
Daryl Roxburgh, President and Global Head of BITA Risk, outlines the four main ESG-related technology challenges facing the unwary wealth manager.
