develop the calculation engine, which covers thousands of products globally across nine asset classes: equities, bonds, cash and equivalents, forex, hedge funds, private equity, commodities, real estate and credit. The client and adviser can add, modify or delete any part of the portfolio and see the effect that change will have over any time period. The model will be based on the portfolio run by SGPB Hambros but can accommodate information about client assets held by other managers and banks. It also produces a range of best and worst possible outcomes for the portfolio, and can identify the likely scale of risk or loss. "The interesting aspect is that this is not back testing, but forward projection of various scenarios," notes Verleyen. "It gives the analysis a context and we can then re-shape the portfolio to be more efficient."