Broadridge Financial Solutions has extended its performance reporting platform through a strategic partnership with StatPro Group, a provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry. The inclusion of StatPro analytics is in progress for Broadridge performance clients and is expected to be completed by the end of 2018.
The partnership provides analytics for alternative and traditional asset managers working to meet an increased demand for performance measurement, attribution and risk analytics. The StatPro cloud-based performance and risk platform will streamline the analytics process by automating the upload of client portfolio data, triggering performance calculations instantaneously and making results available for download to Broadridge’s data warehouse to support the investment process and client reporting.
Eric Bernstein, head of Broadridge’s asset management solutions, says: “With its connections to index data providers and aggregators, StatPro will help provide data we believe will add significant value to our clients. Our shared goal is to save time for asset managers, so they can focus on generating returns and serving their clients.”
Justin Wheatley, CEO at StatPro says the partnership will allow Broadridge to provide its clients with StatPro’s portfolio analytics ranging from performance measurement to risk management tools and including complex fixed income analysis using StatPro Revolution, the company’s scalable cloud-based portfolio analytics platform.
