Vancity Investment Management, a Canadian wealth management firm, has adopted PORT Enterprise, Bloomberg’s advanced portfolio and risk analytics solution.
In addition, Vancity will also be able to use Bloomberg’s Data License content, including reference, pricing and regulatory data with over 50 million securities and more than 15 thousand fields.
This is the latest expansion to Vancity’s suite of Bloomberg buy-side solutions supporting the firm’s investment workflow, adding to their use of Bloomberg AIM, an order management system.
PORT Enterprise supports Vancity’s continued growth through enhanced risk oversight for fixed income and equity products using risk and attribution models, detailed portfolio analytics, and the ability to further automate reporting.
“Bloomberg’s solutions support our portfolio management needs and allow us to optimize our workflows to support our focus on conscious investments,” said Joe Reid, VP of Wealth Management and Impact Investing at Vancity.
“Tools that support our ability to scale and grow our business, and access to the most advanced market risk models enable us to provide our clients with the types of offerings they have come to expect from Vancity,” he said.
Vancity will benefit from PORT Enterprise’s data visualization tools, which provide visibility into portfolio performance and support timely decision making.
Additionally, PORT Enterprise’s batch reporting capabilities can be centrally administered with an automated workflow, enabling scalability at every step of the investment lifecycle for easier transition from manual reporting processes.
“Bloomberg is well positioned to provide Vancity Investment Management with an integrated suite of solutions that helps automate workflows and delivers data that supports quicker and more informed decision making while reducing operational risk,” said Joe Kirkland, Global Head of Portfolio Analytics & Risk at Bloomberg.
“We are focused on providing clients with tools that increase efficiency and realize meaningful workflow improvements while enabling them to better serve their customers,” he added.
