Davy Private Clients has JHC Systems’ (JHC) digital portfolio monitoring tool, JHC Neon (Neon), for its Portfolio Construction Team.
Neon will automatically monitor and analyse every client portfolio daily in order to assess all positions, asset allocations and risk profiles within the team’s investment models. Through the system’s unique digital dashboard, Davy will have access to all the information the team needs to analyse, track and resolve any adjustments required.
The Davy Group is Ireland’s largest wealth manager with assets under management in excess of EUR14 Billion (GBP12.5 Billion). Its Portfolio Construction Team designs multi-asset portfolios for clients, which are tailored to individual risk and return objectives. With Neon, the team now has the technology in place to systematically scan and monitor every portfolio every night, on an ongoing basis. They will also have access to clear, transparent analytics that can be accessed across all devices via Neon’s unique digital dashboard and understood by key investment personnel. This means Davy can maximise efficiency and increase the scalability of its Private Clients’ business.
Pat Cooney, Head of Private Clients at Davy, says: “Davy continues to invest in technology to ensure it has the highest quality bespoke portfolio management offering in the marketplace. We knew Neon presented us with a perfect opportunity to automate our processes so that we can continue to focus on delivering the best possible service for our clients. But the benefits don’t stop there. The accuracy of the monitoring plus the quality of the analytics have reduced operational risk. The whole offering supports Davy’s own level of focus towards, and commitment to, every one of our clients.”
Edward Lopez, Chief Revenue Officer, at JHC, adds: “We’re delighted Davy has seen the potential that Neon has to offer. Digital transformation, automation and speed are vital for wealth managers to succeed in this evolving and competitive market. With our technology, companies are able to make smarter, more informed decisions so that they can grow their business. We look forward to supporting Davy and are excited to see Neon helping another leading firm evolve and embrace the future of its business and its clients.”
