BITA Risk Solutions has signed a commercial partner agreement with JHC for the integration of its BITA Monitor product into JHC's FIGARO platform for stockbrokers and wealth managers. Charles Stanley has been signed as the first client to take the combined offering.

BITA Monitor is one of the BITA Risk suite of software products designed specifically for private client investment management, wealth management and private banking firms. BITA Monitor provides ‘measurement-against-mandate' portfolio analytics for private client investment management firms, stockbrokers and private banks by monitoring client portfolio risk against original investment mandates and identifying any ‘outliers'; client portfolios lying outside their original mandate. BITA Monitor helps firms assess and manage their risk exposure to outliers at a number of levels. Assessment can be made by client, manager, division and region, can provide cross-organisational risk assessment or assess the risk within the portfolio itself. 

FIGARO offers a combination of CRM, portfolio management, web, order management and settlement and custody, all using one database. 

Andrew Butcher, COO at Charles Stanley said, "We are impressed with BITA Monitor and the BITA /JHC partnership. By combining forces they enable brokers and wealth managers to use a single software approach not only for front and back office functionality and process automation, but also to provide risk and analytical tools."