Clearwater Analytics, a provider of web-based reporting and analytics for corporate treasury departments, released its new Private Wealth Analytics solution to address the investment reporting needs of private wealth investors.

The solution provides visibility and transparency across multiple portfolios, asset classes, security types and currencies, so that investors can have access to a view of their entire portfolio to monitor risk exposure, compliance violations, financial accounting statements and investment performance.

According to Clearwater, the web-based tool will help investors monitor their entire portfolio holdings on a daily basis. Features include obtaining reports and analytics with a few clicks, allowing investors and advisors drill down into equity, fixed income and other asset classes to analyze risk, performance and compliance.

Clearwater also announced enhancements to its core reporting platform.

"Investors today want to know their exposure. They need to have information on a daily basis, that you can provide to multiple channels. Many treasury departments still use manual processes," said Christopher Growney, principal, Clearwater Analytics.

Meanwhile, Clearwater Analytics also unveiled its best practices for developing and implementing an automated investment reporting strategy.

The roadmap of the Boise, ID and New York-based firm identifies 8 steps organizations can take to proactively monitor risk and performance in uncertain times, Clearwater said. These steps are:

1. Measuring processes against current investment objectives. This includes identifying which stakeholders need to be involved in the process and assessing their investment objectives, as well as challenges and investment reporting needs that cannot be satisfied through manual processes.

2. Implementing a solid investment policy. Synthesize the feedback from step 1 into a concrete investment policy that articulates the do's and don't s around risk and return in clear language.

3. Developing your investment investment infrastructure. Assemble a team of investment managers, custody , reporting and analytics experts who can implement and monitor the investment policy.

4. Standardize and automate the transparent information required across the portfolio. Ensure the firm ha access to accurate, consistent and complete information to make educated, proactive decisions.

5. Continually assess risk to improve performance. Organizations need daily, transparent insight into their holdings to assess exposure to market events.

6. Monitor compliance to minimize costly violations . Because the nature of investment portfolios is dynamic, moving with market events and investor trades, daily compliance monitoring is vital.

7. Regularly measure performance and risk against benchmarks and established objectives Investors need to know what decisions enhanced the portfolio and what decisions detracted from the portfolio.

8. Streamline financial reporting and auditing. Automating third party verification improves accuracy and timeliness.