The WAY Group | Press Release | February 2012

PRESS RELEASE

The WAY Group selects StatPro Revolution to underpin and streamline investment performance analysis as the company gears up for 2012 fund management expansion...

The WAY Group announces it has selected StatPro Revolution, the cloud based portfolio analytics solution to underpin its fund management and wider fund administration operations.

The independent, privately owned financial services group said the software will bring substantial benefits both to them, as ACD for some 60 collective investment funds, and to the various internal and external third party investment managers running those funds.

Eddie O'Gorman, CEO of WAY Investment Services, said: "StatPro Revolution really is revolutionary. As a comprehensive cloud based portfolio analytics solution, we believe it will have substantial benefits for asset managers as well as fund administrators globally.

"One of our objectives in 2012 is to enhance and extend our value added proposition to clients and investors," added O'Gorman. "StatPro Revolution gives managers instant access to analysis of their portfolios as regards contribution analysis over several alternative criteria as well as to enhanced and highly graphical risk profiling. Furthermore, all of this analysis is available as user-friendly pdfs for use as marketing material."

Andrew Stevens, CEO of WAY Fund Managers, is also enthused by the tools available to monitor portfolio composition, risk profiles and exception reporting. He will be working with the StatPro team over the coming months to help them develop further compliance applications in relation to the various regulatory investment limits and eligibility issues which, currently, are largely manual tasks.

"StatPro Revolution will genuinely revolutionise various aspects of our oversight duties where we currently do a great deal of extremely laborious analysis and checking. We are keen to incorporate several automatic screening facilities and risk heat maps into this oversight work. We believe it is likely to enhance our work as well as offer increased efficiency to our everyday routines."

Justin Wheatley, CEO, StatPro, said: "Before StatPro Revolution, many investment managers were unable to afford performance measurement, attribution and risk analytics. Our cloud based platform enables them to have access to a market leading service at a compelling price."

O'Gorman points out that "The software readily highlights the elements of any fund or portfolio which are adding or subtracting value and/or efficiency as well as offering the ability to look at concentration and other elements of risk within them. The cloud based technology will also allow us to deliver meaningful 'anytime, anywhere' reporting 'on demand' to our various clients, be they fund managers or sales and marketing personnel, within WAY Group or our various client firms.

– Ends –

Please Note:
The above Press Release was issued on 30th January 2012 by DAM PR. Reproduced with kind permission.

Associated links:

For further details: StatPro

General & Press Enquiries:
Eddie O'Gorman, Sales & Marketing Director, The WAY Group. Tel: 01202 890895 / 07976 277286

Please Note:
This document has been prepared for Financial Intermediary Clients and Professional Associates of WAY Investment Services Ltd and is not intended for and must not be distributed to Private Investors. This document does not constitute investment advice. Services referred to in this document may not be suitable for every investor and if in doubt independent financial advice should be sought. No representation or warranty is given (express or implied) as to the accuracy, completeness or correctness of the information nor the opinions, interpretations and conclusions contained in this document. No liability is accepted whatsoever for any loss howsoever arising from any information in this document subject to the rules of the Financial Services Authority or the Financial Services and Markets Act 2000. Past performance is not necessarily a guide to future returns and changes in rates of exchange between currencies may cause the value of investments to rise or fall. Share prices, values and income can go down as well as up and investors may get back less than their initial investment. WAY Investment Services Ltd is an Appointed Representative of WAY Fund Managers Ltd which is authorised and regulated by the Financial Services Authority.

The WAY Group | Press Release | February 2012