Casual person using tablet to analyse financial dashboard

Virtual Brokers has integrated the Wealthscope portfolio analysis tool into its platform, the online order execution only dealer (discount brokerage) announced Monday.

Wealthscope allows clients to monitor and analyze their self-directed portfolio’s performance, risk, diversification, market exposure, fees and more, Virtual Brokers says in a release.

“With this new partnership, Virtual Brokers’ clients have access to a data-driven, state-of-the-art portfolio level analysis, one account at a time, or combined for a big picture view,” says Kambiz Vatan-Abadi, CEO and president of Toronto-based BBS Securities Inc., which operates the discount brokerage.

The technology partnership means clients can now enter and aggregate their assets from other financial institutions and run analytics over their entire portfolio. This includes the option of viewing data at a single account level, selected group of accounts, or viewing all assets under all accounts at once.

Wealthscope features include:

  • portfolio scorecards, which deliver an easy-to-understand review of a client’s investment portfolio, including an analysis of performance, diversification and risk exposures.
  • analytics that include historical returns and volatility, risk-adjusted ratios, maximum drawdown and downside capture, holdings and risk exposures, yield analysis, and management fees analysis.
  • a planning tool for setting targets for retirement, savings, education and other goals, with a calculated probability of meeting the target.

“We are excited to offer Wealthscope services to Virtual Brokers’ clients,” said Pauline Shum Nolan, PhD, CEO and Co-founder of Wealthscope. “Now they can analyze their existing investments and test new portfolio ideas using our innovative tools directly on the Virtual Brokers platform, with a single login.”

Wealthscope is a service of Toronto-based PW Portfolio Analytics Inc., a privately owned fintech company serving the wealth management industry.

BBS Securities Inc. is a wholly owned subsidiary of CI Financial Corp.