Netfolio-Add-ons - Alphasys AG

Netfolio | Add-ons

Convenient asset management thanks to Netfolio add-ons

Alphasys has developed various topics for asset management add-ons. These can be added to the basic offering from Netfolio as needed. The add-ons simplify portfolio management, customer management and fee invoicing. They also assist asset managers in adhering to laws and regulations.

NetfolioCRM

NetfolioCRM is a browser-based, integrated tool for customer relationship management (CRM). Customer data along with documents, relations, KYC, risk profiles and contact history can be saved centrally, linked, and conveniently accessed at any time.

Additional information

Anti-Money Laundering (AMLA)

Netfolio scrutinises transactions relevant in terms of the Swiss Anti-Money Laundering Act (AMLA) according to various criteria. Notes documenting the fulfilment of the statutory money-laundering criteria can be attached to the advice when the relationship management releases the document. The financial services provider’s compliance officer then adds their own notes to the transaction dossier to ensure dual control. Entries can be changed within a period of up to 24 hours. Entries, including links to transaction details and the original PDF of the bank document, are visible in the client’s journal.

Fees

This add-on enables the straightforward generation of complex fee invoices including asset- and performance-related components.

Asset managers can use a free format template if they have to bill on an hourly basis. A payment journal is set up for each bank. Invoices are archived in Netfolio, and can be called up at any time.

Custodian interfaces

To depict a portfolio and for the reporting, bank receipts with all the detail such as brokerage, taxes, or fees are essential. Alphasys uses several ways to get bank receipt data to feed into Netfolio:

Via SWIFT (Society for Worldwide Interbank Financial Telecommunication): SWIFT is a System for electronic communication. It forwards transactions between banks and is the communication network between thousands of financial institutions in over 200 countrys. Transactions or positions are feed into the Netfolio-Database via SWIFT.

Via Files: Some banks use other formats than SWIFT. Netfolio supports these formats partly.

Interface to financial accounting system

Institutional clients such as foundations and pension funds have to have financial accounting in place. To avoid double accounting, complete sets of entries compatible with accounting systems such as SAP and ABACUS can be generated from Netfolio. It does not matter if the reference currency is different from the accounting currency. An account code structure can be saved for each portfolio. The system is self-learning, and demands a new set of entries each time an unfamiliar transaction is encountered. Naturally entries related to valuations can also be generated via the interface to the financial accounting system.

Withholding tax statement, CH and USA tax statement

This add-on enables Netfolio to generate a withholding tax statement across all consolidated portfolios, for example for institutional clients. Compared with having to manually collate individual bank statements, this function substantially reduces the work for asset managers. As long as a financial services provider has the relevant tax knowledge, they can create a Swiss tax statement for a portfolio with up to twenty different custodian banks.

Netfolio can generate a tax statement for US tax advisors for portfolio owners who are subject to tax in the United States. The statement covers the various underlying instruments (including the relevant documentary proof) and works on the first in, first out principle. The add-on functionality also takes account of whether investments are held for the short or long term.

Composites

Netfolio can be used to define and evaluate composites in accordance with the Global Investment Performance Standards (GIPS). The aim of GIPS is to assure that investment performance measurement and presentation meet high standards of quality. The standard lays down the use of composites for presentation. The rules on composites help ensure that clients have a full and fair overview of the performance a manager has achieved in the past. Each composite has to comprise portfolios or asset classes which have a similar underlying strategy or investment objective.

Netfolio’s data design take account of the composite structure. Database fields and risk indicators at the portfolio level provide a solid basis for incorporating composites. The add-on gives users access to various different query and reporting options. The output can also be incorporated into client-specific reports.

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