Assetmax is a data rich platform which requires clean information to deliver the highest possible quality output, like our detailed performance contribution calculation, which is one of the most detailed available in the market.
Assetmax automatically detects and, when possible, automatically corrects, enriches and normalizes data before it is loaded into the platform. Unfortunately, the missing standardization of banking links inevitably leads to heterogeneous information delivery which at times cannot be automatically interpreted. As an example, banks can deliver corporate actions information in irreconcilable formats. Manual intervention is then inevitable.
Assetmax and its partners offer data management services to free the client from this repetitive as much as complex daily job required to ensure the best data quality.
Assetmax’s unique approach consists in a precise transaction-based reconciliation (most of the service provider reconcile positions only) meaning that each single portfolio flow (be it a an expense, a security, a tax charge, …) is checked and reconciled to make sure that its P&L impact on the portfolio can be properly calculated.