Davy Private Clients, a subsidiary of Irish wealth manager Davy Group, has implemented the JHC Neon digital portfolio monitoring tool for its portfolio construction team.
Neon, designed by fintech firm JHC Systems, will automatically monitor and analyse every client portfolio daily, to assess all positions, asset allocations and risk profiles within the team’s investment models.
Through the system’s digital dashboard, Davy will have “access to all the information the team needs to analyse, track and resolve any adjustments required”, JHC said.
Multiple benefits
Pat Cooney, head of private clients at Davy, said: “Davy continues to invest in technology to ensure it has the highest quality bespoke portfolio management offering in the marketplace.
“We knew Neon presented us with a perfect opportunity to automate our processes so that we can continue to focus on delivering the best possible service for our clients.
“The accuracy of the monitoring plus the quality of the analytics have reduced operational risk. The whole offering supports Davy’s own level of focus towards, and commitment to, every one of our clients.”
The firm’s portfolio construction team designs multi-asset portfolios for clients, which are tailored to individual risk and return objectives.
With Neon, the team will now be able to systematically scan and monitor every portfolio every night, on an ongoing basis.
They will also have access to analytics that can be accessed across all devices via Neon’s digital dashboard.
Established in 1926, the Davy Group is a provider of wealth management, asset management, capital markets and financial advisory services. The Davy Group is headquartered in Dublin, with offices in London, Belfast, Cork and Galway.
