IDS said its GIM Wealth Management software served as the accounting platform for UBS Wealth Management’s successful launch of its Unified Managed Account Platform, called the Diversified Return Strategy (DRS) program.
This managed account program was devised by UBS to minimize the effect of market direction on account returns by combining managers to maximize alpha, the excess return a manager generates above the benchmark.
The DRS program combines traditional methods of risk reduction (such as asset allocation, market capitalization and client risk tolerance) with a methodology that allows the investor to diversify assets in a combination of complimentary management styles, the company said.
GIM Wealth Management has served as the accounting and trading platform for UBS’ separate account program since its inception. Through the partnership, IDS was able to enhance their existing GIM software to serve UBS’ sub-accounting needs.
“A managed account platform of this sophistication would not be possible without the kind of cutting edge technology provided by GIM(tm) Wealth Management,” said John L. Lang, Senior Vice President, ICS Technology of UBS Wealth Management US. “The unprecedented flexibility of the GIM system, combined with its capacity to manipulate enormous quantities of data, allowed our concept for DRS to take shape. A unique product like DRS requires a unique solution like GIM.”
“IDS is honored to be working with UBS and we are excited about the potential growth of this program,” said Donald H. Totter, Chief Executive Officer of IDS. “The flexibility provided by GIM Wealth Management has allowed UBS to push the envelope in the asset management arena.”
Integrated Decision Systems is an industry leader in enterprise portfolio management solutions for the financial services industry, with over $4 trillion in assets under management on its systems.