Swiss private bank Piguet Galland said it has entered a partnership with Investment by Objectives, or IBO, a performance specialist which helps private investors to compare their investment returns from various portfolios.

The Yverdon-based bank said it will offer all its independent asset managers «Performance Watcher», an IBO tool for comparing and valuing portfolios.

The tool can analyze return on multiple portfolios while factoring in risk metrics, as well as compare them to other portfolios with the same risk profile. «Performance Watcher» has warning and reporting tools which allow for daily portfolio monitoring, Piguet Galland said.

Seeking Added Value

«It's key for our bank to give our independent managers the tools that will add value for them,» said Yves von der Muehll, head of independent asset managers at Piguet Galland.

IBO founder Nicholas Hochstadter said the move heralds a new era in asset management. «We welcome initiatives like that of Piguet Galland, which is actively seeking to improve transparency in portfolio management.»

Banque Cantonale Vaudoise owns 85 percent of Piguet Galland, which also has branches in Geneva, Lausanne, Lugano, Neuchatel and Nyon.