Toronto-based WisdomTree Asset Management Canada, Inc. is offering advisors a new tool that focuses on providing deep data analytics to evaluate client and prospect portfolios, the ETF manager announced on Wednesday.
“Following the success of the launch of our Digital Portfolio Developer (DPD) in the U.S., we are excited to offer the tool to advisors in Canada,” says Kurt MacAlpine, executive vice president and global head of distribution at WisdomTree, in a statement.
Accessible on the WisdomTree website, DPD will analyze portfolio data and provide alternative approaches for advisors to consider when looking to improve outcomes based on different measures. The on-demand tool has the power to analyze more than 40,000 Canadian and U.S. mutual funds and ETFs, and 7,000 U.S. equity securities, with holdings-level analysis and real-time calculations in both Canadian and U.S. dollar currencies.
Key features include stress testing different market scenarios, comparing portfolios and the ability to save and download reports.
“Advisors can input and compare two portfolios side-by-side based on key metrics to help them determine underlying risks and seek opportunities to improve performance, income and/or fees,” the company says in a news release.
“Portfolio construction and asset allocation services are becoming critical areas of the investment process when working with existing and prospective clients. Advisors are looking for new ways to attract, win and service clients more effectively and efficiently and WisdomTree is dedicated to helping them do exactly that,” adds MacAlpine.