Financial Management, Investment Management

Jacobi to Scale Fintech-enabled Model Portfolio with Principal Asset Management

Jacobi to Scale Fintech-enabled Model Portfolio with Principal Asset

In order to expand its fintech-enabled model portfolio solution, supported by multi-asset risk analytics and industry-leading client interaction technology, Principal Asset ManagementSM recently announced that it has teamed up with Jacobi Inc., a global provider of investing technology.

Principal® gives advisers analytics and tools that will help them serve their clients better in the long run, with a big focus on digital transformation. The company will benefit from Jacobi's cloud-native technology, which will provide a customizable platform for more meaningful portfolio research by delivering customized, forward-looking, and historical data in a fully-integrated visual environment. Jacobi's storyboard and reporting technology make it easy to look at risk and return in a portfolio in detail and show how it affects the portfolio's goals.

Michael Casciano, Head of Model Strategy at Principal Asset Management, observed, "Working with Jacobi to create proprietary multi-asset risk analytics will make it easier for advisors to understand how model portfolios will behave in different market conditions. We're excited to offer advisors access to bespoke, forward-looking and historical analytics."

(Source – Cision PR Newswire)

Meanwhile, Tony Mackenzie, Chief Executive Officer at Jacobi, expressed, "It's very pleasing to work with such a well-regarded asset manager. This partnership with Principal will help them deliver superior analytics and engagement tools to its investment teams and advisors and ultimately better outcomes for the end client. Unsurprisingly, there is strong demand for our technology owing to the increased need for investment firms to scale and connect investment processes and increase the quality of engagement with clients. Jacobi has a global footprint and a strong pipeline – with more new business wins to announce later in the year."

(Source – Cision PR Newswire)

About Principal Asset Management

Principal Asset Management and its team of investment experts approach asset management with a fresh perspective, leveraging their expertise across public and private markets, along with a diverse range of asset classes to develop innovative strategies that help clients achieve their financial objectives. More than 1,100 institutional clients in more than 80 locations rely on it because of the firm's ability to identify unique and attractive investment opportunities by combining local insights with global perspectives. The company, a division of Principal Financial Group®, manages $484.6 billion in assets and has been named one of the ‘Best Places to Work in Money Management’ for 11 consecutive years.

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