The latest technology news in the wealth management sector from around the world.

Venn by Two Sigma
Venn by Two Sigma (Venn), a portfolio analytics platform for professional investors, has launched Report Lab, a new analytics and presentation solution to generate client-ready reports and proposals.

Developed with feedback from Venn’s existing clients, Report Lab helps investment teams communicate data-driven portfolio insights uncovered through Venn more effectively. The tools available in Venn help investors perform factor-based risk analysis to inform manager due diligence, investment evaluation, and portfolio construction.

“With Report Lab, investment teams can clearly communicate proposed strategies and make deep quantitative analytics easy to understand across multiple audiences,” Marco Della Torre, CEO of Venn, said.

Venn’s introduction of Report Lab comes at a time of heightened demand for single-interface technology for RIAs, wealth managers, family offices, and other asset allocators.

NewEdge Wealth, a registered investment advisor specializing in advising ultra-high net worth families, family offices, and institutional clients, and a client of Venn, served as a beta tester and advisor for Report Lab, working closely with Venn to construct a tool that would eliminate the need for manual processes involved in proposal generation.

“There was a clear need in the marketplace for a flexible tool that could translate quantitative insights into easily digestible reports and form a foundation from which we could launch qualitative discussions about risk and return with our clients,” John Straus, president and managing partner at NewEdge Wealth, said.