Bravura has revealed a new module in its Sonata wealth management solution, providing constant proportion portfolio insurance (CPPI) services.
The new module, Sonata CPPI, provides portfolio protection products for financial services organisations, including individualised time invariant portfolio protection.
It allows advisors to retain management of end customer portfolios, with the option of customising protection in order to suit individual needs. End clients can also manage specific investment assets within a portfolio through a tailored portal.
Barclays has become the first bank to offer this service to its clients.
Fabien Labouret, global head of investment strategies at Barclays Investment Bank, said: “Barclays is keen to support organisations launching individualised portfolio protection products.”
“Changing demographics, regulatory reform and increased choice are driving product innovation in the investment space for life insurance companies, pension providers and wealth and asset managers. Technology now enables products to fit the individual needs of the investor with flexibility and choice as core components.”
Tony Klim, CEO at Bravura, said: “This latest addition to our next-generation Sonata platform represents an exciting new market for us, enabling providers to offer investors a sensible risk-reward balance with a transparent investment process.”
He added: “The capability to administer Micro CPPI products, with a tier-one bank such as Barclays as a partner, demonstrates Sonata’s strengths and further highlights the flexibility of the platform.”
