Following the launch of our new EMAP+ investment monitoring framework, Q2 at Enhance has been a period of consolidation in more ways than one.

Our Report Delivery and Development Teams have 'come together' with Beatle-esque aplomb to roll out and refine EMAP+ during its first live quarterly reporting cycle. Delivering new technology at scale is always challenging and requires agility, teamwork and ultimately talent to ensure successful deployment. Around 5,000 EMAP+ reports later and our team believe they have perfected the product.

Next up is our Consolidated Portfolio Analysis Report, or CPAR, which launched on 1st July. The CPAR is designed for structures with multiple investment portfolios, essentially bringing together our EMAP+ analysis on each underlying investment account into a consolidated summary of return, risk and holdings at client level. A simple example of a CPAR with 4 underlying investment accounts is included below and can be provided in pdf format on request:

In H2 we will be releasing upgraded Management Information Reports, designed to summarise an entire client book, along with our Bookkeeping service. The latter is being developed in Q3 and will launch in beta testing in Q4. We believe that this service add-on will be a game changer for Trust Companies in automating an otherwise very manual task that is prone to human error and fee write-offs. Our service will be cost effective and built for purpose.

Elsewhere in the business, we continue to deliver strong manager selection results for our Portfolio clients which is a service that we intend to expand into single asset and private market solutions alongside the existing multi-asset products. Combining independent investment advice, manager selection, custody and monitoring into single service is increasingly appealing to Fiduciaries who want to offer a performant and differentiated offering to clients.

Within our Consultancy service, we have recently undertaken several interesting projects for clients including scenario modelling that helps to determine a suitable level of income to withdraw from a portfolio without undermining the client's longer-term objectives. Having now built such a comprehensive financial model, this will be a service that we offer more broadly on a standalone and/or recurring basis in future. The very last thing Fiduciaries want to do is implement an unsustainable income strategy.

Behind the scenes, our Board has been busy negotiating an external shareholder change that will increase staff ownership in our business. Enhance is an owner-managed company and that will remain the case for another three or more years. It's been truly humbling to receive the support of our team to reject the advances we have received from Private Equity and Venture Capital investors and bring more equity back into the room. We believe in what we are building here.

Notwithstanding the summer holidays, several members of the Enhance team will be travelling to see prospects and clients far and wide in Q3. This begins in Switzerland in early July, where we continue to see considerable demand for our services following FINMAs regulation of the Trustee industry there. We have a turnkey outsourced investment oversight and advice offering that ticks all the regulatory boxes for small and large Trust Companies alike.

In the months ahead, you can expect to see several announcements from Enhance all of which are exciting and beneficial for our clients. We look forward to sharing our news and views with you and wish you all a restful summer break if you are able to get away.