Wealth Management Software has launched a new version of its flagship Lisa investment management system that is designed to cater for the needs of multi-product "wrap funds".
Lisa version 10 supports ISAs, PEPs, SIPPs, stakeholder pensions, unit linked life products, equities, gilts, bonds, OEICs and unit trusts. It allows for regular savings and regular withdrawals. The solution is intended to support the needs of multi tied agents in a post CP121 world, and also the needs of fund supermarkets and third party administrators.
Paul Foll, Wealth Management Software’s sales director says: "We are seeing a strong trend towards fund supermarkets, IFAs, banks and building societies supplying funds from a panel of product providers. CP121 will strengthen this trend. Technology enables the provider to give an outstanding service akin to private banking at costs that are hugely lower than ever before."