TORONTO, Jan. 28, 2019 /CNW/ - Virtual Brokers ("VB"), a leading Canadian online order execution only dealer, has announced the integration of Wealthscope into its client-driven service platform. Wealthscope is a state-of-the-art portfolio analytics tool that allows clients to monitor and analyze their self-directed portfolio's performance, risk, diversification, market exposure, fees and more.
"With this new partnership, Virtual Brokers' clients have access to a data-driven, state-of-the-art portfolio level analysis, one account at a time, or combined for a big picture view," said Kambiz Vatan-Abadi, Chief Executive Officer and President of BBS Securities Inc., which operates VB. "At Virtual Brokers, we are committed to the continued innovation of our products, services and client experiences. Integrating Wealthscope in the VB platform further advances our vision."
This advancement in technology means VB clients can now enter and aggregate their assets from other financial institutions and run analytics over their entire portfolio. This includes the option of viewing data at a single account level, selected group of accounts, or viewing all assets under all accounts at once.
Wealthscope features include:
- Portfolio scorecards, which deliver an easy-to-understand review of a client's investment portfolio, including an analysis of performance, diversification and risk exposures.
- An extensive set of analytics that include historical returns and volatility, risk-adjusted ratios, maximum drawdown and downside capture, holdings and risk exposures, yield analysis, and management fees analysis.
- A new planning tool for setting targets for retirement, savings, education and other goals, with a calculated probability of meeting the target.
"We are excited to offer Wealthscope services to Virtual Brokers' clients," said Pauline Shum Nolan, PhD, CEO and Co-founder of Wealthscope. "Now they can analyze their existing investments and test new portfolio ideas using our innovative tools directly on the Virtual Brokers platform, with a single login."
About BBS Securities Inc. and Virtual Brokers:
Virtual Brokers is operated by BBS Securities Inc. ("BBS"), a wholly owned subsidiary of CI Financial Corp. BBS is Canadian-owned and operated, and is registered in all provinces and territories of Canada as an Investment Dealer. BBS is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF). BBS and VB have revolutionized the online trading brokerage environment. Committed to helping their clients succeed, they consistently introduce new and unique products, deliver effective tools at a competitive cost, and equip clients with advanced trading platforms which provide a reliable trading experience. Powered by innovative technologies and a deep understanding of financial markets, BBS and VB provide superior trade execution services to investors, traders and investment counsellor portfolio managers. For more information, visit www.virtualbrokers.com and www.bbssecurities.com.
Wealthscope is a service of PW Portfolio Analytics Inc., a privately owned financial technology company serving the wealth management industry. The team has substantial expertise in finance, portfolio management and risk analytics. The Wealthscope platform provides investors and advisors with a full suite of advanced portfolio and risk analytics, unique portfolio builders and integrated retirement planning tools. For more information, please visit www.wealthscope.ca.
SOURCE Virtual Brokers
For further information: Zachary Caro, Director of Virtual Brokers, [email protected], 1.877.310.1088