Private banking report: Achieving transparency and gaining trust

Tailored reporting has long been part of a comprehensive client experience with banks. Institutional and private investors require information about the success, risk and costs of their investments on a regular basis. Depending on the investment focus and approach, different information is of interest for an individual portfolio in each case. Clear, trustworthy reporting is the most valuable instrument for communicating investment information – regardless of whether this information is intended for private or professional investors.

Therefore, in addition to the detailed breakdown of investments and performance achieved, a complete and transparent presentation includes a statement and thereby transparency with regard to the risk taken and the costs incurred.

Orientation towards professional investors

Finnova is aiming for the next evolutionary stage in investment reporting and is extending the proven, modularly structured private banking report (PBR) with a series of new reporting modules. These are also oriented towards the requirements of professional clients and wealthy private clients.

Investment structure, performance and risk at a glance

New overview modules combine the most important information about the investment structure, the performance achieved and the risk taken, and present these in comparison with the corresponding target figure (benchmark) on a single page. This provides the investor with an easy overview and saves the client advisor time when preparing a meeting.

Evidence of investment restrictions and TER statement

The new reporting modules also have new content. For example, detailed analyses on consolidated portfolio structures are available and information regarding a consolidation mandate can be shown in addition to information regarding an individual mandate. Furthermore, the reporting modules particularly suitable for OPO 2 mandates provide evidence of compliance with legal, regulatory or individual investment restrictions and thereby enable transparency with regard to investment costs (TER statement) according to the specifications of the OPSC. Optionally, the new reporting modules can be seamlessly integrated into the existing client reporting or compiled in combination with already existing reporting modules in new document variations. In both cases, the service quality can be increased, investment clients' growing need for information can be fulfilled in a tailored manner, and report creation can be further automated.