The UK's Pulse Software Systems is to provide access to Bita Plus risk analysis tools via its Portfolio investment management system suite.
Pulse Portfolio currently provides discretionary, advisory, PEP and ISA portfolio management, portfolio modelling and rebalancing, performance measurement, integrated CGT and client and management reporting.
Under terms of the deal, private wealth managers using Pulse Portfolio will gain access to Bita's risk analysis tools. The companies say the linkage will enable firms to respond to the increasing demands of clients for a degree of risk management and performance attribution currently only available to institutional managers. Project management of the integration and front-line support will be provided by Pulse allowing users to deal with a single supplier.
Simon Tizard, commercial director, Bita Plus Consultants, comments: "Pulse's decision to implement Bita Plus technology means that our solutions are now available to a wider market, including UK discretionary brokerage and private client investment management."