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Albridge Solutions expanded its Wealth Reporting portfolio accounting and performance reporting solution to include internal rate of return (IRR) and daily time-weighted rates of return calculations.

LAWRENCEVILLE, N.J.-based Albridge Solutions expanded its Wealth Reporting portfolio accounting and performance reporting solution, which enables financial institutions and advisers to deliver a single view of all of their clients' assets, the vendor says. The new version adds internal rate of return (IRR) and daily time-weighted rates of return calculations.

According to Albridge, both the rate of return of the money manager and the rate of return investors realized on their portfolios can be measured using either the new IRR and previously available Modified Dietz formulas, which enable financial advisers to use a dollar-weighted calculation to determine performance, or the new time-weighted calculations, which are geared more toward asset managers and take into account the timing and size of cash flows in and out of a portfolio and their impact on performance over time.

www.albridge.com

609-806-0251

Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio

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