Wealth management fintech firm JHC Systems (JHC) has announced that Davy Private Clients has implemented its digital monitoring tool, Neon, for its portfolio construction team.
According to JHC, with Neon, the team now has the technology in place to systematically scan and monitor every portfolio every night, on an ongoing basis.
They will also have access to clear and transparent analytics that can be accessed across all devices via Neon’s unique digital dashboard and understood by key investment personnel.
This means that Davy can maximise efficiency and increase the scalability of its private clients’ business, JHC revealed.
Neon will automatically monitor and analyse every client portfolio daily in order to assess all positions, asset allocations, and risk profiles within the team’s investment models.
Additionally, Davy will have access to the information needed for the team to analyse, track, and resolve any adjustments required via the system’s digital dashboard.
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.”
Conney added: “But the benefits don’t stop there. 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.”
Edward Lopez, CRO, at JHC added: “We’re delighted Davy has seen the potential that Neon has to offer. Digital transformation, automation and speed are vital for wealth managers to succeed in this evolving and competitive market.”
“With our technology, companies are able to make smarter, more informed decisions so that they can grow their business. We look forward to supporting Davy and are excited to see Neon helping another leading firm evolve and embrace the future of its business and its clients.”
