Overview...
EnterpriseROR is a real-time, web-enabled investment performance calculation engine and reporting system specifically designed to seamlessly integrate and operate behind the secure firewall of an account access website application. It is a specialized development platform intended for building or augmenting enterprise-level investment performance reporting applications. It uses production-tested off-the-shelf and custom built “data connectors” to assimilate security and investor account data from a firm's recordkeeping system, back-office system-of-records, database, etc. Because the core engine's inputs and outputs are XML-based, standard web technologies and programming techniques can be used to transform its raw, processed/calculated output to highly customized and branded content for a detailed performance picture of an investor's retirement and non-retirement assets.

Performance Reporting and Investment Personalization System...
The "detailed picture" rendered by EnterpriseROR enables firms to offer engaging and high quality performance reporting and investment personalization to their investment advisors, brokers, retirement plan participants and retail investors via their account access website and investor statements. Capable of meeting the budget of even the most cost-conscience firms, financial institutions and service providers, dailyVest's EnterpriseROR provides the competitive edge required in today's marketplace.

High Performance, Highly Scalable...
The EnterpriseROR engine is highly scalable and designed to operate in real-time and batch mode. Performance calculations and processing of investor data can be carried out for an unlimited number of accounts, thus providing a robust solution for very large service providers. The term “real-time” applies to EnterpriseROR’s ability to instantaneously respond to user requests for calculated performance or investment personalization information. In the default "real-time mode," the system is designed to completely service requests for performance information on-demand. Thus, the moment a user requests a page containing dailyVest analytics, EnterpriseROR immediately requests data for that investor’s account, processes, calculates, renders and returns the results to a web browser. The longest lead-time item in this sequence of events is usually the delay associated with retrieving account data from the back-office recordkeeping system. Calculations are virtually instantaneous and overall response times of 5 seconds are typical.

Flexible Integration...

Inputs. EnterpriseROR is powered by the following minimum data:

Transaction history for each holding
Current unit/share balance for each holding
Daily price history for each holding or the firm's universe of investment options

Application Environment. EnterpriseROR’s core engine is referred to as the "Financial Object Model" or "FOM," an XML Web Service which can be integrated within Java and Microsoft ".NET" environments. For easy integration dailyVest provides a "wrapper class" -- sample Java and ".NET" code containing pre-set FOM properties needed to generate a variety of useful output pages. Currently, a Windows 2000 or 2003 Server is required to run the FOM.

Outputs. The FOM engine is designed to produce XML output and there are a variety of standard web development techniques to transform this information-only output into customized HTML web pages or electronic PDF-formatted statements which reflect a firm's branding and corporate identity. Personalized client analytics such as a single chart or table of personal rates of return can be "inserted" within existing web pages if necessary. In short, firms have ultimate control over how personal performance and investment information is presented to end users via web pages, investor statements and other third-party applications.

Industry Standard Calculation Methodologies...
EnterpriseROR adheres to calculation methodologies recommended by the Investment Performance Council of the CFA Institute (formerly the Association for Investment Management and Research or "AIMR"). Specifically, calculation methodologies are consistent with those specified in the Global Investment Performance Standard, or "GIPS" standard. In addition to the GIPS-recommended Time-Weighted Rate of Return methodologies implemented by the FOM (including Modified-Dietz and Daily Valuation), the Dollar-Weighted Rate of Return method (a.k.a. "IRR") may also be set for calculating investment returns.

Reporting and Display Options...
As noted, EnterpriseROR generates output in an XML format. Simple and standard programming languages such as XSLT can be used to control layout, positioning, navigation, sizing, color and design presentation of the dailyVest analytics according to your own branding standards. Chart images such as pie, line, bar and scatter charts can also be generated to match your branding standards. The FOM engine can generate these personalized information elements with complete design flexibility:

Personal Performance Analytics. Customizable charts and tables can be generated to communicate personal performance results including net investment vs. market value, cumulative returns, annualized returns, monthly, quarterly, yearly, year-to-date, multi-period and custom period returns, geometrically linked returns and benchmark comparison charts and tables. EnterpriseROR even calculates investment returns for proprietary funds and securities.

Investment Personalization. "Investment Personalization" is a term dailyVest uses to refer to "all other" personalized investment information not falling under the category of personal performance. The data needed to calculate personal rate of return information can also be used to analyze and display virtually any other element of useful investor information. This includes tables of current holdings, transaction history lists, standard deviation (also known as Risk) -- a measure of a portfolio's volatility, charts showing balance history, pie charts showing the breakdown by investment and asset class, pie charts depicting historical vs. current asset allocation, model portfolios, security price history charts, and an account activity table summarizing beginning value, intermediate transaction types and ending value. These are just a few.

Drill-Down/Drill-Up. EnterpriseROR offers many alternatives in the way investment performance and personalization are presented. Results can be calculated and rendered in real-time at the following levels...

at an individual holding level (one investment)
at the plan, account or sub-account level containing many holdings
at a consolidated portfolio, multi-plan/account level containing many accounts for one participant/investor/family
at a level containing hundreds or thousands of participant/investor/family portfolios using a new product pioneered by dailyVest known as “planDemographics” for displaying investment population analysis

Furthermore, users can select any time period for which analysis is desired. Pie charts are even designed to render breakdown of the portfolio/account/plan by asset class, individual holding or other security attributes "As-Of" any previous date.

Statement On Demand. Firms now have the option of delivering electronic account statements "on demand." Statement On Demand is a highly customizable, branded solution available in PDF or HTML format and is generated from within your account access website.

Batch Processing for Printed Statements. Firms may want to have the same personal rates of return, performance chart, etc., appear within a printed account statement as is shown on the website. For this need, customers may leverage EnterpriseROR’s production-tested Print Batch processing module. This allows for high-volume processing, generation and storage of performance (and other) information needed for later inclusion within printed reports or account statements external to the host system.

OFX Download to Quicken and Money. Investors today expect more options for managing their own investments such as with third-party financial management software like Inuit's "Quicken" and "Microsoft Money." EnterpriseROR leverages the same data needed to perform personal rate of return calculations for generating financial information conforming to the Open Financial Exchange ("OFX") standard used by Quicken, Money and thousands of other financial institutions. dailyVest has successfully deployed OFX solutions for several financial institutions.

Robust Administrator Tools...
EnterpriseROR comes with an extensive suite of administrative tools for verifying calculations, the adequacy and correctness of raw data supplied to the FOM engine, statistics about usage and cache hits, error logs indicating faults such as a missing price or transaction, inaccurate share/unit balance information, and the ability to set a "trace" on a specific investor ID (such as SSN) for dumping raw data needed for analysis by dailyVest or the firm.