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Nebo Product Lead Martin Tarlie
Nebo Product Lead Martin Tarlie

GMO Launches Portfolio Construction, Management Platform for RIAs

Meant to minimize shortfall risk, the system has been in development for almost a decade.

In development for almost a decade and with three years of early-adopter feedback and input from fiduciary financial advisors, the global investment manager GMO announced today the launch of what it calls Nebo, which is short for Needs-Based Optimization platform.

The open-architecture platform is meant to provide for optimal portfolio construction and minimize shortfall risk. It is built on the idea that the “main investment risk to clients is not short-term market volatility, but rather not having the financial resources you need, when you need them.”

At the core of Nebo is a proprietary multiperiod, shortfall optimizer that constructs portfolios, which minimizes the risk of a shortfall in assets, according to the announcement. Advisors seeking a better understanding of the platform's underlying methodology can access a lengthy white paper (requires registration) on GMO's website.

The platform is meant to serve as the system of record for all of an RIA firm’s portfolio construction and management activities.

“Nebo allows advisors to maintain their investment philosophy while adding intellectual rigor to the choices they make for their clients and the testing they can do to be confident that those choices best serve their clients’ needs,” said Martin Tarlie, member of GMO’s Asset Allocation team and Nebo product lead, in a statement.

To read an in-depth white paper and for more information, advisors can head over to Nebo-GMO.

Nebo was also a winner in the “Industry Disruptor” category of the Industry Awards, the winners of which were announced Thursday.

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