Jacobi Inc partnering with Principal Asset Management℠ to digitize and scale fintech-enabled model portfolio offering

Rhea-AI Summary

On January 19, 2023, Principal Asset Management announced a partnership with Jacobi Inc. to enhance its fintech-enabled model portfolio offering. This collaboration aims to leverage multi-asset risk analytics and superior client engagement technology. Principal will utilize Jacobi's cloud-native platform for bespoke portfolio analytics, facilitating a deeper understanding of investment behaviors in varying market conditions. Both companies emphasize the importance of advanced analytics in delivering better outcomes for clients. Principal Asset Management oversees $484.6 billion in assets and serves over 1,100 institutional clients across 80+ markets.

Positive

• Partnership with Jacobi enhances fintech-enabled model portfolio offering.
• Access to bespoke, forward-looking analytics improves investment decision-making.
• Jacobi's technology supports better client engagement and analysis.

Negative

• None.

SAN FRANCISCO, Jan. 19, 2023 /PRNewswire/ -- Principal Asset Management^SM has partnered with Jacobi Inc., a global investment technology provider, to scale its fintech-enabled model portfolio offering powered by multi-asset risk analytics and market leading client engagement technology.

With a strong focus on digital transformation, Principal® is empowering advisors with analytics and tools enabling them to ultimately better serve their end clients. Jacobi's cloud-native technology will provide Principal with a configurable platform enabling more meaningful analysis of portfolios by delivering bespoke, forward-looking and historical analytics in a fully integrated visual environment. Storytelling is central to the investment process and Jacobi's storyboard and reporting technology supports in-depth analysis of risk and return within a portfolio and the process of communicating its impact on portfolio objectives. 

Mike Casciano, Head of Model Strategy at Principal Asset Management, says:

"Working with Jacobi to create proprietary multi-asset risk analytics will make it easier for advisors to understand how model portfolios will behave in different market conditions. We're excited to offer advisors access to bespoke, forward-looking and historical analytics."

Tony Mackenzie, Chief Executive Officer at Jacobi, says:

"It's very pleasing to work with such a well-regarded asset manager. This partnership with Principal will help them deliver superior analytics and engagement tools to its investment teams and advisors and ultimately better outcomes for the end client. Unsurprisingly, there is strong demand for our technology owing to the increased need for investment firms to scale and connect investment processes and increase the quality of engagement with clients. Jacobi has a global footprint and a strong pipeline – with more new business wins to announce later in the year."

About Jacobi

Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis and client engagement. Its unique "open architecture" platform allows users to tailor the platform by integrating their own code, models, data, analytics and applications.

Founded in 2014 Jacobi provides its technology to top-tier investors across the globe including some of the world's leading asset and wealth managers, pension funds, asset owners and investment consultants. 

About Principal Asset Management^SM

With public and private market capabilities across all asset classes, Principal Asset Management^SM and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.^[1]

Principal Asset Management is the global investment solutions business for Principal Financial Group^® (Nasdaq: PFG), managing $484.6 billion in assets^[1] and recognized as a "Best Places to Work in Money Management^[2]" for 11 consecutive years. Learn more at www.PrincipalAM.com. 

[1] As of September 30, 2022 
[2] Pensions&Investments, "The Best Places to Work in Money Management", December 12, 2022. 

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SOURCE Jacobi Inc

FAQ

What is the significance of the partnership between Principal Asset Management and Jacobi Inc. for stock PFG?

The partnership enhances Principal Asset Management's fintech capabilities, impacting service delivery and client engagement associated with stock PFG.

How much assets does Principal Asset Management manage?

Principal Asset Management manages approximately $484.6 billion in assets.

When was Principal Asset Management's partnership with Jacobi announced?

The partnership was announced on January 19, 2023.

What technology does Jacobi provide to Principal Asset Management?

Jacobi provides a cloud-native platform that offers multi-asset risk analytics and client engagement tools.

How many institutional clients does Principal Asset Management serve?

Principal Asset Management serves over 1,100 institutional clients worldwide.