Despite being a growing reservoir of funds under management, this critically important pool of capital is confronting mounting problems collating and disseminating key data in a timely manner.
The ratings house is pinning its growth strategy on a revamped methodology that increases the emphasis on governance to 25 per cent – a timely move considering APRA’s proposed reforms.
Frontier sets Partners Platform upgrade for 2020 release
Frontier Advisors expects to release its new information technology platform tools for clients, known as ‘Partners Platform 2.0’, later this year, the asset consulting firm said in its annual review for clients published last week.
Andrew Polson, Frontier’s chief executive, said: “We realised the role technology can play in an institutional advice model many years ago. While some of our competitors are now working to develop their own technology solutions, we are investing to evolve our existing offering to make it even more insightful and enabling for clients in 2020.”
Key design features of the upgraded platform tools will include:
- Asset owner-centric design. The firm says its 25 years of experience as an investment advisor underpins the design of its tools
- A dynamic, flexible and scalable platform, allowing delivery of highly customised technology solutions specific to a client’s needs
- More sophisticated monitoring, research and portfolio construction tools, which will be connected with client workflows
- Customisable dashboards, which will be dynamic, user-friendly and will focus on drawing attention to critical information, and
- Rapid development under a new “agile” approach. The firm says it will be able to “continuously deliver”, which means that new releases can be available on a weekly or daily basis.
In the review, Frontier says: “As markets become increasingly complex, it is critical for asset owners to continue advancing their understanding of their portfolios – including key drivers, linkages and sensitivities. As a result and, embracing the very latest technology and approaches to software delivery, we have spent 2019 redesigning our platform. This has required a significant shift in approach and a large investment in new capabilities. However, we believe this is the key to Frontier continuing to provide world class technology solutions to all clients.”
Last year Frontier created a dedicated development team of in-house software engineers, quantitative developers, solutions architects and database management specialists.
– G.B.
