Wealth Management Software targets private client market

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.

Lisa Private Wealth Manager is based on .Net technology and includes functions for prospecting, client take on, investment modelling, performance measurement and attribution.

The vendor says it has also developed a client reporting and document management system that produces high quality incorporating fund manager commentary and GIPS compliant performance measurement down to stock level.

Paul Foll, sales director, Wealth Management Software, says: "Private client wealth managers are now looking to invest in systems that help them to find new clients, understand and record their needs in a structured manner and communicate with them in the form of valuations of an excellent quality."

Foll says the private client system has already been selected by a global private bank based in London and is also being installed and tested at a bank in Germany. The software, which typically costs between £3000 and £5000 per user, can be used both by small investment boutiques and major private banks.

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