Overview
Tax Accruals
The calculation of tax accruals is a complex and important part of the portfolio valuation process in a full wealth management service. Failure to use current transactional data or include all the elements of the tax accrual can lead to hard to detect errors.
InvestPro generates UK tax provisions daily for UK ‘ on-shore’ portfolios, calculates on-shore bond tax accruals and CGT tax on property or property funds owed by non-UK residents. It calculates the tax provisions and automatically returns these tax provisions for each portfolio.
The process is automated and does not require any human intervention unless the system raises an exception. An automated cloud-based interface can consume the trades and corporate actions, from an outsourced provider each day.
UK and IRE legislation
Stand-alone or integrated
Full historical audit trail
Automated and scalable
Key Benefits
Boost Investment administration efficiencies, reduce operational costs and mitigate risk
- Accurate and up-to-date taxation accrual calculations as an integral part of portfolio valuations
- Allowance for complexities of life industry taxation code including CGT deemed disposals
- Full drill-down reporting on accruals to security level data
- Compute tax provisions for unit-linked funds subject to UK and Irish I-E tax based on a full application of the 'Income minus expenditure' rules
- Generate corporate tax calculations for the insurer's tax returns and financial statements
Other Key Features
Self-service web portal Portfolio Valuations Unit Pricing and NAV Trade Order Management General Ledger PRIIPs Performance Measurement Reconciliations Charges Cash Allocation and Rebalancing Oversight & AuditSelf-service web portal
What it does for you
- Improve client satisfaction with easy access to their investments
- Reduce administration by giving clients and advisors the ability to manage portfolios
- Send validated customer captured trade instructions straight to market
- Configurable access rights for secure access by user type
- In-built rules and a breach mechanism provide continuous oversight
- Hosted solution for reliability and scalability
Portfolio Valuations
What it does for you
- Generate lightning-fast valuations or easily consolidate valuations created by others
- Valuations available via InvestPro's self-service web portal
- All major asset classes covered
- Full drill-down records of past valuations as standard
- Links to external data providers for standing asset data, corporate actions and market price data
- Automation and exception-based processing to optimise operational efficiency
Unit Pricing and NAV
What it does for you
- Perform unit pricing of collective funds and fund of funds with ease
- Automatic reconciliation with GL for full consistency
- Fully comprehensive and flexible unit pricing
- Automation removes the need for spreadsheets and manual processing
- Full history of past unit pricing retained for ease of audit and analysis
Trade Order Management
What it does for you
- Manage the entire trading life cycle efficiently
- Automated order management processing reduces errors
- Customisable workflows for different security categories
- Links to major trading platforms and settlement counterparties for maximum automation
- All trading stages and processes are user-configurable for complete flexibility
- Alerts, rule breaches and management information analytics for increased oversight
- Scalable to millions of transactions per day
General Ledger
What it does for you
- Native full general ledger for on and off-balance sheet assets
- Include the chart of accounts for all the investment activity
- Integration with all popular accounting systems for ease of inclusion in corporate accounts
- Reduce operational risk with daily reconciliation of accounts
- Generate financial statements for individual client portfolios - balance sheets and revenue accounts
- Robust controls for financial statements, continuously checked and recorded within the audit logs
PRIIPs
What it does for you
- Automate KID production in a controlled environment
- Minimise dependencies on external parties
- Covers direct funds, fund of funds and single and regular premium PRIIPs
- Exception based processing to reduce risk
- Data analytics on the PRIIPs dataset
- Produces additional point of sale material
- Pre and post-sale PRIIPs including KID charges calculations
Performance Measurement
What it does for you
- Accurate performance measurement straight from the investment database
- Auditable record of all performance calculations
- Reduce operational risks caused by using spreadsheet macros
- Effortless sharing of all performance calculations
- Comprehensive graphical analysis of performance and risk metrics
- Uncover detailed financial insights to help leverage assets and generate better returns
Reconciliations
What it does for you
- Reduce operational risk across investment administration.
- Verified asset positions for robust reporting
- Reduce risk of errors with daily automated bank reconciliations
- Independent checks on trading functions
- Matches multiple banks to system transactions
- Find data exceptions before they become financial problems
Charges
What it does for you
- Remove the risk of manual and offline charge calculations
- Display charges clearly on valuation statements
- Extensive reporting capability to meet regulatory requirements
- Replicate charges deducted elsewhere
- Comply with MiFID II cost and charges
- Calculates IDD charges and generates PRIIPs and KIDs
Cash Allocation and Rebalancing
What it does for you
- Integration with business systems to capture individual wealth accounts fund requests
- Convert unit/share in fund of funds movements easily
- Synchronised timing of trade execution and unit creation
- Create new shares/units in collective funds directly from client cashflows
- Algorithmic calculation of trade orders and automatic placement of trades to market
- Implicit and explicit box management functionality for all funds
- Configurable compliance rules ensure allocations are checked before approval
- Automated Model Portfolio rebalancing and risk monitoring settings
- Manage higher volumes of funds with little increase in time or staff cost
Oversight & Audit
What it does for you
- Meet compliance requirements and reduce financial and reputational risk.
- Pre-loaded with best-practice validation rule checks.
- Complete user control/ configuration over rule settings.
- Increase regulator, board and policyholder approval and satisfaction.
- Best of breed validation rules out of the box with easy customisation.
- Low touch, highly automated and exception based.
- Intuitive user interface makes configuration easy for all users.
Schedule a Live Demo
Need more information or want to arrange a demo of InvestPro? Contact our team today and we will be happy to help!