Defaqto adds fund analysis tools to Engage

The tools are accessible for no additional charge.

Financial Planners are now able to access they discrete performance of individual funds and portfolios.

They can also view a breakdown of the top 10 holdings of a fund or portfolio and add them to the research report.

A volatility vs performance charge allows Financial Planners to cross-reference the cumulative performance of a fund or portfolio against the historic volatility of the investment.

Defaqto has also added Morningstar ‘investment style data’. The new data columns are available within the fund research grid and show the Morningstar equity and fixed income style classifaction of a fund.

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The data is available in both accumulation an decumulation workflows, including the pension switching module.

Defaqto has also added a cash management services research table within the investments research area.

Paul Tinkler, insight manager (investment & protection) at Defaqto, said: “This latest update makes it easier for advisers to do due diligence for their clients. The ability to see the top 10 holdings at a portfolio level allows them a quick overview to make sure the portfolio is aligned to personal preferences as well as sourcing this information for their clients.

“I have always been a fan of discrete performance analysis as it provides a really good comparison of how a fund manager performs from one year to the next and under differing market conditions. The new volatility vs performance analysis is also a big step forward, providing a snapshot of risk-adjusted returns. These new enhancements continue to develop our software as an essential research tool for advisers.”

Defaqto is part of fintech and support services firm Fintel.

Fintel saw a 6% increase in adjusted EBITDA to £18.3m (FY20: £17.3m) for the year ended 31 December.

SimplyBiz rebranded as Fintel in March 2021, following its acquisition of Defaqto and a greater focus on financial technology. 

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