The DBS Portfolio Advisory Enablement Tool, which has been rolled out across the private bank and Treasures business since late 2019, has been developed by DBS and wealth technology provider EdgeLab.

The new tool brings in information that is often not included in the sort of statements given to clients about how well their investments are doing, DBS said. 

The tool dissects investment holdings and identifies the risk in each area to give an overall picture; it also looks at performance of the individual holdings and the portfolio’s journey in general, identifying what the drivers are. 

This new information allows relationship managers to look at risk and returns in the round, helping them to advise their customers more effectively.

DBS said a PAET report can be generated in less than five minutes, using just one-fifth of the time it takes to compile an equivalent report manually, while also removing the risk of mistakes.

“Understanding what you own and how each investment impacts your portfolio is fundamental to making robust investment decisions. It is key to navigating today’s uncertain markets, where it is important to go back to basics, and not leave things to luck or chance,” Sim S Lim, group head of consumer banking and wealth management, DBS Bank, said. 

“PAET allows us to efficiently deliver the insights RMs and clients need to make informed decisions based on real risks and performance drivers. It is testament to our capabilities in harnessing technology to transform the ‘usual way’ of doing things, empowering our RMs to provide richer, more detailed and contextualised investment advice that benefits clients for the long-term,” Lim said.