BT Wrap has added new reporting tools to its Dealer Group DeskTop product, making it easier to manage compliance and to get a more detailed overview of business activity.
The new features include reports on various products at the previous day's close-of-business, including total funds under advice, average client balances and loans, and a breakdown of total holdings across managed funds, term deposits, equities and cash.
The company has also added a periodic report, which gives a summary of business across pre-determined periods, including opening and closing balances, total deposits, withdrawals, transfers and distributions.
Other enhancements include bulk reports that provide a summary of monthly investment flows, clients holding a specific investment option and updates on cash balances across all product types.
Information includes total inflows, outflows, net flows, and values of all equity and managed-fund holdings for the latest available month-end, as well as lists of clients with holdings in specific securities or managed funds.
"The reports provide a range of summary options," said BT Wrap head Chris Freeman, "including the ability to view results across single or multiple badges, allowing the dealer group to provide better business-building strategies, as well as support services such as compliance and legal to their advisers.
"For example, dealer groups will be able to have immediate visibility of the impact changing a stock in their APLs [approved product lists] and respond and tailor accordingly."
