Hedge analytics for CNMV-registered advisers

Downside protection, without leaving the market.

Lórien shows how a portfolio holds up in a market downturn, how protection would change that outcome, and the cost to implement that protection. The adviser makes every recommendation.

Tax timing
Protect gains without selling
Retirement timing
Stay invested for longer
Controlled participation
More equity, controlled downside
Analysis and candidate hedges only. Your adviser makes every recommendation.
LórienFINANCIAL

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Educational protection simulator — not investment advice.

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Private preview. Educational simulator — not investment advice.
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LórienFINANCIAL
LórienFINANCIAL
Engagement Asociados EAFEducational simulator · not investment advice
M. Ríos Investor
MR
IN
ANALYTICS
Dashboard Hedge screening Reports
PRACTICE
Authorized advisers Settings
SIMULATOR
Protection simulator How it works
ENGAGEMENT
Engagement Asociados EAF
MSA · 4 advisers · since 2026
Engagement Asociados EAF

Hedge analytics

Anonymized analytical screening of listed instruments against the hedge objective you define. You retain suitability and the client relationship.

Decisions pending
3
2 awaiting your review
Reports this month
7
+3 vs. last month
Avg. turnaround
2.4 h
−18% faster
Authorized advisers
4
of 4 seats used

Recent screenings

View reports →
Case referenceHedge purposeSubmittedPortfolioProtectionStatus
Hedge screening · new request

New hedge screening

Enter the client's positions by ISIN, define the hedge objective, then run an anonymized analytical simulation.

Protection simulator

Protection simulator

Enter your investments, choose how much downside you want protected, and simulate. Educational only — not investment advice.

Anonymized by design — no client data reaches Lórien
You own suitability & the client relationship
Fixed fees — never transaction-contingent
Educational simulation only — not investment advice.

This shows how downside protection could have behaved in past crises. It does not recommend or sell any specific product, and shows no tradable instruments. Your typed holdings stay in your browser.

Portfolio holdings

Add your positions by ISIN. Every field is editable.
Drag & drop a holdings PDF or a screenshot

PDFs are parsed in your browser. Screenshots (e.g. your brokerage app) are read by AI.

ISINInstrumentQtyPriceCurrencyValueHedge
Total portfolio
€0
To be hedged
€0
Positions
0

Hedge objectiveProtection settings

Reference: ANON-2026-0418
Choose how much downside you want protected and over what horizon.
95% floor
Simulation is free. A report is offered only if candidates are found.
Educational simulation only — no products are shown or sold.
Hedge screening · ANON-2026-0418 · concentrated single-stock gain

Hedge decision

Appropriateness gate — complex products

Covered warrants are complex, leveraged instruments. The adviser confirmed the client passed the MiFID II Art. 25 appropriateness assessment before this screening. Lórien performs no suitability or appropriateness assessment.

Client status
Retail · appropriateness passed

Approaches to the objective

Comparison only — the adviser selects the approach. Not a recommendation.

Instruments meeting your parameters  — 18 found

Parameter order, not ranked. Issuer = counterparty (from ISIN). Prices & liquidity as of 7 Jun.
InstrumentStrike & maturityBid / Ask (€)Daily volumeGreeks (Δ · Θ)Max loss (€)Issuer · rating
Liquidity:Tradable = ADV > €250k & spread < 1%Limited = ADV €50–250k or spread 1–2%Max loss = full premium (100%).

Full analytical report

Scenario analysis, indicative cost, basis & coverage, methodology and the candidate basket — an internal analytical input for your review.
€350
fixed fee
Fixed fee — never contingent on any transaction.
Reports

Analytical report

No analysis to show yet

Submit a portfolio for screening to generate an analytical report. Reports you've already issued appear under Reports.

Reports · ANON-2026-0418

Analytical report

Internal analytical input for the authorized adviser. Not a personal recommendation and not addressed to the final client.

Portfolio value — history & 12-month scenarios

Actual (history) Normal market Crisis, unhedged Crisis, hedged 90% floor

Scenario outcomes — hedged book

12-mo horizon
ScenarioUnhedgedHedgedHedge result
Normal market +12%€264,802€259,402−€5,400
Pandemic-style −20%€189,144€207,387+€18,243
GFC-style −31%€163,137€207,387+€44,250
Indicative hedge cost
2.1%–2.5%
of hedged · ≈ €4,960–€5,910 · indicative, not a tradable price
Premium at risk (max loss)€4,960–€5,910
Worst-case slippage (thin lines)+0.4–0.6%

Approach selected

ApproachPut-warrant hedge
vs. collarfull upside kept
vs. trim 20%no taxable sale

Want to know more?

Talk to the Lórien team about bringing this hedge analytics into your practice — coverage, onboarding and the MSA.

Thanks — we'll be in touch.

A member of the Lórien team will reach out shortly.

Reports

Analytical reports

Reports you've generated, newest first. Each is an internal analytical input issued for your review — open one to revisit it.

ReferenceHedge purposeIssuedStatus

No reports yet

Run a hedge screening and request an analytical report — it'll show up here.

Practice

Authorized advisers

CNMV-registered advisers covered by the MSA. Each adviser owns suitability and the client relationship; Lórien provides analytics only.

AdviserAdviser nºSeatLast screeningStatus
María RíosA-114LeadTodayActive
Javier SolerA-118AdviserYesterdayActive
Lucía FernándezA-121Adviser2 Jun 2026Active
Andreu MasA-130Adviser—Invited
Practice

Settings

Practice configuration for Engagement Asociados EAF.

Engagement

Firm
CNMV-registered EAF
Engagement Asociados EAF
Agreement
Master services agreement
MSA · since 2026
Fee model
Never transaction-contingent
Fixed · €350 / report
Data residency
Where analytics are processed
European Union

Preferences

Anonymized screening only
Block any client-identifying input
Email me when a report is ready
Notify on report generation
Include basis-risk panel by default
Show index-proxy correlation
Weekly portfolio drift digest
Summary of hedged books
Protection pricing and portfolio simulation is available during market hours, between 8:00 AM and 10:00 PM Central European Time.
Protection simulator

Portfolio Protection Simulator

Pick a real market event, add illustrative portfolio holdings, simulate how the portfolio could behave and what protection could do.

Educational simulation only — not investment advice.

This shows how downside protection could have behaved in past crises, using real index data. It does not recommend or sell any product. Prices and the cost of protection are pulled live from the Lórien database; your typed holdings stay in your browser.

1Select a market event i
2Build an illustrative portfolio i
Portfolio value€0
Holdings0
* Price and value are pulled live from the Lórien database.
Drop a brokerage PDF or a screenshot — or add positions by ISIN, the same format as the rest of the simulator.
PDFs are read in your browser. Screenshots (e.g. your brokerage app) are read by AI — you'll be asked to agree first.
3

Results — how this portfolio reacts

How each holding reacted in the event and what protection could do.

Portfolio impact under a similar market shock i
Portfolio value — recent trailing, then the event
Portfolio outcome — protected vs unprotected
4Downside protection simulation

Set a hypothetical protection level, timeframe and protection approach and select Run Simulation to estimate how the illustrative portfolio could behave under the selected assumptions.

Protection level i
70%95%
% floor
Timeframe i
maturity
Protection approach i
Set your level, timeframe and approach, then run.
Sources & method — real historical data

Index data is real month-end closes for the four benchmarks — S&P 500, Nasdaq 100, IBEX 35 and MSCI World — from public market data, 2000–2026. Because they are month-end closes, drawdowns are slightly milder than intraday headline figures.

Portfolio engine. Each holding maps to its benchmark; "if it happened today" applies that index's real path, weighted by each holding's live-priced value. Prices come from the Lórien database; the cost of protection is computed by the Lórien hedge engine. Educational only.

30 seconds — what you'd pay, and whether you'd like more information.

Help shape Lórien

Would you like more information? Leave your details and we'll be in touch.

Thank you — sent. We appreciate the input.

Growth stocks vs fund-only — last 3 years

Annual return of the high-growth portfolio (with the five direct growth stocks) versus the same portfolio holding only the funds. The difference is the extra return the growth sleeve added — weigh it against the cost of hedging that sleeve shown above. Illustrative historical data, not a forecast.

PeriodWith growth stocksFund-onlyDifference

Annualised 2023–2025: with growth stocks ≈ +30.0% / yr vs fund-only ≈ +14.8% / yr.

Override current portfolio?

Are you sure you want to override the current sample? Any positions you've added will be replaced.

Education

How protection works

A plain-English look at protecting a portfolio against big drops. Educational only — not investment advice.

What is downside protection?

It's a way to set a floor under your portfolio — like insurance. If markets fall hard, your losses stop at a level you choose (say, 95% of today's value). If markets rise, you keep most of the upside, minus the cost of the protection.

What does it cost?

Like insurance, protection has a premium — typically a small percentage of the value you protect each year. The deeper the protection and the longer the horizon, the more it costs. The simulator shows an estimated range.

What it can't do

It won't make you money — it caps your downside, it doesn't add upside. In calm markets it's a small drag. It's also modelled on past crises, which never repeat exactly. Real protection involves specific products and a licensed adviser.

Ready to try it?

Run your own numbers in the simulator, then talk to a licensed financial adviser about setting it up for real.

Terms & Conditions

Please read before uploading a screenshot

Screenshots you upload are sent to Anthropic's Commercial API to read your holdings. PDFs and positions you type stay in your browser. Please review the terms below.

1. Educational simulations only

No financial advice. The platform provides financial simulations for informational, research, and educational purposes only.

No brokerage services. This tool does not trade securities, execute financial transactions, or manage actual money.

User responsibility. You acknowledge that any simulation generated does not guarantee future financial performance. All financial decisions are made at your own risk.

2. Portfolio uploads and document processing

Data formats. The tool allows you to upload data via manual summary entry or image files (such as screenshots of external portfolio interfaces).

Processing consent. By uploading an image or text summary, you grant the platform a limited license to read, parse, and analyze the contents.

OCR limitations. You acknowledge that text and numbers extracted from images via automated vision algorithms may contain errors or misread data points. Always verify the parsed data before running a simulation.

3. Third-party AI processing (Anthropic API)

API data transmission. To run simulations, your uploaded text and images are securely transmitted to Anthropic's Commercial API Service.

No model training. In accordance with Anthropic's Commercial Terms, your uploaded data and screenshots are not used to train Anthropic's AI models.

Data pipeline security. The platform does not permanently store your screenshots on our servers. Images are passed directly to the secure API pipeline and discarded immediately after session completion.

4. Disclaimers and liability caps

No accuracy warranties. We do not warrant the accuracy of the underlying financial market data used during the AI simulation.

Liability ceiling. To the maximum extent permitted by law, the platform's total liability for any data loss, algorithmic errors, or financial simulation inaccuracies is capped at $0 (or the amount paid to use the MVP tool, if applicable).