MyVest released its final set of 2021 enhancements for the Strategic Portfolio System (SPS), allowing financial institutions and their advisors to power client-centric wealth management at scale. Highlights of the latest release include:

New Pre-Trade Analytics

Introduced in this release, the What-If Analysis Tool provides analytics to help advisors in their decision-making process and enrich client discussions. Through this feature, SPS offers additional insight into the tax impact of proposed changes for consideration before trades are released for execution.

Other enhancements include:

  • Streamlined household account administration with a new operational tool that automates the complexities of combining multiple accounts into households.  Performance, billing, and other personalizations associated with individual accounts are now carried through when accounts are combined into portfolios or moved to other portfolios or households.

  • Enhancements to Data Mart, SPS’s self-service operational data store, resulting in the addition of security substitute data.

  • Improvements to SPS’s billing engine, supporting the choice of either in advance or in arrears billing calculations.

  • Continued web services upgrades, with this release now accommodating investor-initiated trade instructions in a firm’s self-directed or non-discretionary programs.

“Our clients operate in an environment that is shifting from a product- to a client-centric approach,” said Mike Everett, VP of Business Development of MyVest. “With the ongoing investment in SPS, we are committed to equipping wealth management firms with functionality that enables them to work more collaboratively with their clients to achieve tax-optimized outcomes.”