Skandia has upgraded its U-Skan investment analysis tool designed to help advisers assess levels of risk across clients’ multiple portfolios.
Assets held on Selestia Investment Solutions are automatically available but the tool can also report on investments held on other platforms.
The technology, which is hosted by Financial Express, allows advisers to assess risk for assets held in all clients’ unit-linked investments.
Skandia says assessing and controlling risk is important in developing effective investment strategies and the new version of the tool has been designed to support this process.
It says that analysis results can be linked back to its risk questionnaire, helping tailor the investment strategy to meet each individual client’s needs.
Upgrades have also been made to the calculations of past performance on U-Skan, allowing original asset splits to be input and tracked over time.
Skandia head of e-business marketing Alison Everett says an increasing number of advisers are turning to e-business tools. Around 15,000 advisers logged on to U-Skan each month in 2007, a rise of 25 per cent on 2006. The U-Skan tool produces a new report every 15 seconds.
Everett says that effective use of these tools can make running an advice business more efficient and create a clear and well documented audit trail.
She says: “Controlling and managing risk is central to this process. We have developed this tool to support exactly that way of working.
“If a client has, say, a bond, a pension and an Isa, with three different providers, this tool can provide them a consolidated analysis and view of their portfolio and really show whether their investment strategy is performing as intended.”