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Program Portfolios™ are designed to allow your firm to implement all the true elements of a consultative individual bond investment program:
- Suitability
- Strategy Selection
- Monitoring
- Marketing
- Investment Discipline
- Reporting
To help facilitate timely and successful implementation, BondWave Advisors will work closely with your firm to customize the following components of the Program Portfolio methodology according to your requirements:
- Investment Allocation Strategies
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BondWave Advisors will help your firm assess its top-down asset allocation approach and will develop programs that capture desired investment strategies. Programs may be based on your existing proprietary strategies, third-party strategies or one of BondWave Advisors' programs.
- Program Models
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BondWave Advisors will define Program Models in the platform that correspond to your firm's investment allocation strategies. Unlike traditional models that are based on specific securities, BondWave Program Models rely on a sophisticated attribute-driven approach that evaluates over 45 metrics for each "bond type" and allows the creation of weighted portfolio partitions, exclusion lists and statistical guidelines for overall portfolio structure.
Each Program Portfolio is based on an underlying
Program Model that is used to filter and select appropriate bonds during the proposal and construction process. The Program Model is also used as a benchmark in automated monitoring functions to help maintain portfolio alignment.
- Portfolio Monitoring Services
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BondWave Advisors will facilitate the creation of a customized monitoring approach for each account and will administer a daily automated process that tracks positions, risk, yield and other key metrics in order to help keep each portfolio aligned with its Program Model. The monitoring process will also identify market events (such as called, maturing or downgraded bonds) or other scenarios that are customized for the account.
- Electronic Alerts
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Electronic alerts that contain detailed, account- and holding-specific information will be sent to the advisor from the automated monitoring process when model violations, exceptions and other action items are encountered. A participating broker-dealer may also send electronic alerts when trade and swap opportunities are available - or for other relevant activity.
- Trade Execution Plans
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The advisor will maintain discretion and execution of all trades during portfolio construction and rebalancing. BondWave Advisors will provide executable “buy – sell” action plans for new portfolios and for rebalancing activity. In addition, the advisor may also receive detailed proposals from participating broker-dealers with bonds selected according to the Program Model guidelines.
- Customized Reporting
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Your firm's management and advisors will have access to a wide selection of reports that provide a comprehensive, in-depth understanding of accounts and holdings. Reports may be run at the firm, investment professional and account level.
See a list of available reports
- Advisor Web Portal
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Program Builder™ is an interactive web portal that provides advisors and reps with an easy and secure way to review and manage account activity. Like the other components of Program Portfolios, the interface may be "white-labeled" or customized to project the firm's own identity. It contains a library of investment programs available to the firm's advisors and allows them to:
- Review program attributes
- Review
and download program marketing materials
- Subscribe/unsubscribe accounts to available programs
- Receive and review electronic correspondence
- Request and review reports
Program Portfolios will offer your firm a unique new approach for fixed income investment designed to fill the existing void in traditional alternatives. Program Portfolios will enable more of your clients to realize the benefits of a strategy-based approach to individual bond investment and will provide advisors with an effective and efficient portfolio management vehicle that can reduce their workload.
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