Latest Wealth Management Software (WMS) News: Finextra Research

Raft's David Priestly quits Financial Objects

UK banking systems vendor Financial Objects says David Priestly, the previous chief executive and chairman of its recently acquired Raft business, is leaving the company.

14 March 2006

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Financial Objects buys Wealth Management Software

British core banking vendor Financial Objects is acquiring UK-based Wealth Management Software in an all share deal worth £5.6 million.

01 April 2005

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WMS shares slide on profits warning

Shares in UK-based Wealth Management Software (WMS) plummeted 22% yesterday to 12.50 pence after the vendor released a trading update warning that turnover for the year will be lower than expected because of delays in signing contracts.

18 November 2004

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WMS turnover hit by loss of PPML contract but remains in profit

UK-based Wealth Management Software (WMS) is reporting relatively stable pre-tax profits of £148k for the six months ending 30 June 2004, despite recording a 22% drop in turnover due to the termination of contracts with Personal Pension Management Limited (PPML) last year.

12 August 2004

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Wealth Management Software reverses losses

Wealth Management Software, a UK-based supplier of technology to the life and pensions market, is reporting a miniscule pre-tax profit of £5000 for the year ending 31 December 2003, up from a loss of £1 million in 2002, as revenues for the year dropped by a third to £7.3 million.

15 April 2004

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Wealth Management Software resolves PPML contract dispute

Shares in Wealth Management Software have moved up 16.3% on news that the vendor has resolved a damaging contract termination dispute with PPML, part of the Winterthur Group.

01 April 2004

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Wealth Management Software targets private client market

UK-based Wealth Management Software has launched a new version of its Lisa front and middle office asset management product aimed specifically at private client wealth managers.

17 March 2004

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Wealth Management Software taps smaller users

Wealth Management Software has launched a new entry-level small-user version of its Lisa front office asset management system.

06 November 2003

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WMS wins Standard Bank contract

South Africa's Standard Bank has licensed UK-based Wealth Management Software's (WMS) Lisa platform to support private client activity at its London, Hong Kong, Miami and Jersey operations, in addition to other satellite offices.

14 October 2003

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WMS and Intelligent Environments fuel tech recovery hopes

Further evidence of a mild recovery in financial IT spending has emerged from half-yearly trading updates from UK small caps Intelligent Environments and Wealth Management Software.

10 July 2003

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Wealth Management Software cuts staff

UK-based Wealth Management Software is to begin shedding staff in an effort to achieve one million pounds in annual cost savings.

13 September 2002

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Wealth Management Software hits break-even

UK-based Wealth Management Software is reporting an operating profit before goodwill amortisation of £0.246 million for the first half of this year, representing a significant improvement on last year's performance.

02 August 2002

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