From the Wires
StatPro partners with TD Ameritrade and Russell Indexes
By: Business Wire
Jan. 30, 2013 07:00 AM
StatPro Group plc (AIM:SOG), the AIM listed provider of cloud-based portfolio analytics and data solutions for the global asset management industry, today announces integration alliances with TD Ameritrade and Russell Indexes.
By bringing these firms together, StatPro has assembled the components of high grade analytics with valuable benchmark and accounting data for the benefit of the investment advisor market. Onboarding is simple and as it is priced on a per portfolio basis, TD Veo ® users can now benefit from a “one-stop-shop” for their portfolio management and analytics in a cost effective way.
TD Ameritrade provides investing and trading services for nearly six million client accounts with more than $400 billion in assets. Today those clients, who are using TD Veo® for online trading, can have access to StatPro Revolution to analyze their portfolios and get a full understanding of the drivers of their performance and risk.
By adding Russell Index data to the prices covered in StatPro Revolution money managers using the TD Veo® network now have the ability to run enhanced portfolio analysis and monitor performance. With more than $3.9 trillion benchmarked to the Russell Indexes globally, more institutional investors track the Russell Indexes than all other U.S. equity indexes combined. Russell is a leading innovator in index design and construction and has set industry standards since their inception in 1984.
“We believe that Russell Indexes provide a more precise and accurate representation of the market. Our indexes offer investors a way to gain efficient exposure to equity markets globally, making them a powerful tool for investment professionals,” said David Koenig, CFA, FRM, investment strategist for Russell Indexes. “We are very excited that TD Veo users will now have access to Russell Indexes via StatPro.”
Andrew Peddar states, “StatPro’s experience means we understand the ingredients that need to be brought together to tackle the challenges RIAs face today. Working with TD Ameritrade and Russell Indexes allows RIAs to access more sophisticated analysis cost effectively. It will transform the way they work. Partnering with firms such as these is a key focus for StatPro in 2013 and we are excited with the opportunity this brings all involved.”
Visit booth P14 at the TDAmeritrade conference or www.statpro.com for more information.
StatPro is a global provider of portfolio analytics for the investment community. Our cloud-based services provide vital analysis of portfolio performance, attribution and risk. Hundreds of investment professionals use our cloud services directly or through a fund administrator/partner to perform sophisticated analysis, reporting and distribution every day.
With 18 years of experience and expertise, we believe analytics should be sophisticated yet simple and useful as well as secure. StatPro data coverage includes global equities, global bonds, global mutual funds, most families of benchmarks, FX rates, sector classifications and much else besides.
StatPro has grown its recurring revenue from less than £1 million in 1999 to £30 million at end June 2012 and currently enjoys a renewal rate of approximately 94%. StatPro floated on the London Stock Exchange in May 2000 and transferred its listing in June 2003 to AIM. The Group has operations in Europe, North America, South Africa, Asia and Australia and around 350 clients in 28 countries around the world. Approximately 80% of recurring revenues are generated outside the UK.
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