London-based NCL Smith & Williamson, a newly merged fund management, financial adviser and accounting group, is the first firm in the UK to deploy Wealthmaster, a private client front office system from Investmaster.
Investmaster, which is owned by Canadian fund manager AGF Management, says the system delivers fund management functions including real-time portfolio valuations, order creation, management and execution and CGT what-if scenario modelling.
In addition Wealthmaster has been integrated with the vendor's i2 middle and back office system and utilises the same relational Oracle database.
Chris Lyttelton, deputy chairman of NCL Smith & Williamson, comments: "The high level of integration will greatly assist our move towards increased straight-through processing."
The vendor adds that subsequent versions of the product will include benchmarking and performance measurement to comply with planned regulatory changes.