The Windham Portfolio Advisor (WPA) is a complete portfolio optimization and risk management platform that integrates acclaimed independent research in a unified suite of applications for institutions and wealth advisors. Intuitive workflow allows you to perform complex analysis quickly and easily. Our experienced client services team provides support throughout all stages of implementation to help you integrate the latest portfolio construction innovations into your investment process.

Asset allocation
Asset allocation is one of the most important and difficult challenges we face as investors.  The Windham Portfolio Advisor allows you to generate efficient portfolios that meet your investment goals and satisfy your clients’ constraints. The WPA includes a wide range of time series and also gives users the ability to upload their own data. Use the traditional mean-variance approach to optimization or one of many asset allocation methods exclusive to Windham’s software to address unique investor objectives.

Optimization
No one wants to be wrong and alone. For this reason, the WPA offers Mean-Variance-Tracking-Error optimization, which allows you to optimize against both an objective goal and a benchmark. The WPA also offers full-scale optimization which is particularly useful for investors working with highly non-normal asset classes and specific risk preferences.

Capital market forecasting
Realistic estimates for return and risk are critical to the portfolio construction process. The WPA allows you to develop sound capital market assumptions for return using CAPM, implied returns, Bayesian analysis (including Black-Litterman) and custom forecasts. Users can examine how assets behave during specific market environments, including periods marked by turbulence, on a before and after tax basis.

Black-Litterman
The Black-Litterman model is a mathematical model for portfolio allocation that combines the theories of modern portfolio theory, the CAPM, and mean-variance optimization. The Black-Litterman model is a method for calculating optimal portfolio weights based on the given inputs.

Risk management
Too frequently, portfolio risk is oversimplified or misunderstood altogether. Windham’s risk management tools assist you in managing the complexities and true sources of portfolio risk so that you can develop portfolios that are based on realistic expectations and a deeper understanding of your risk exposures.

Within-horizon risk
While it’s useful to discuss end-of-horizon goals, such as the one-year bar, the reality is that your clients or investment committee will continue to evaluate performance during the investment horizon. In order to manage client expectations effectively and to avoid unpleasant surprises, you need to be able to discuss any potential losses that could occur along the way. Windham’s measure of Within-Horizon Risk allows you to assess exposure to loss that can occur throughout the investment horizon and not just at its conclusion.