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Finzo selects JHC’s Neon for portfolio management

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Finzo, a New Zealand-based integrated financial solutions provider, is to implement JHC System’s JHC Neon (Neon) portfolio management solution allowing it to consolidate portfolios across all accounts to give a 360-degree view of client positions. 

Finzo is JHC’s first New Zealand-based client, secured through its partnership with MyFiduciary, and represents the first FNZ platform client to integrate JHC technology following its acquisition of JHC in August 2019.
  
Neon, a cloud-based wealth management solution, enables Finzo to monitor all of its client portfolios against drift on risk and volatility, using FNZ data feed analysis on a daily basis. The technology provides an immediate, aggregated view of the client’s relationship with the firm, including dashboard views for investment managers and C-Suite.
 
Nick Stewart, CEO at Finzo, says: “Having previously relied on manual, slow and cumbersome processes to monitor risk, Neon gives us the power to look at our clients like we have never done before. The ease-of-use means that anyone in the business can open up Neon and get all the portfolio oversight they need both in the office and whilst mobile. We’ve been with FNZ for three years, and it was clear that these two products would complement each other well. Plus, we’re looking at only weeks to implement rather than months or years. It will form a key component of our compliance reporting for DIMS licensing and FAP requirements across Finzo member firms.” 
 
John Blackman, CEO at JHC, says: “We’re delighted that our partnership with MyFiduciary has meant we’re able to reach a new market where there is demand for technology like Neon. Finzo will now be able to monitor risk in a way it never has before using both FNZ and JHC technology.”
 
Aaron Drew, Director at MyFiduciary, says: “Firms managing wealth need to have robust investment processes, and Neon is a state-of-the-art tool that enhances and automates portfolio monitoring, risk analysis and investment compliance across all client portfolios. We believe it is simply not good enough in a post-Royal Commission environment that these processes remain manual, partial and prone to error.”

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