Orbit Private Asset licenses Financial Objects portfolio management system

Source: Financial Objects

Financial Objects plc, a leading provider of advanced banking and financial services software solutions, has been selected by Orbit Private Asset Management (Orbit), an institutional and private client investment manager, for key components of its activebank Wealth Management Application Suite.

Implemented at its Luxembourg headquarters, activebank Wealth Manager and activebank Client Reporting will provide Orbit with a powerful range of portfolio management functionality that will support its investment decision-making process and enhance its world-class customer service offerings.

As a small but rapidly growing investment manager, Orbit required a comprehensive portfolio management solution to better manage its investment portfolios and to maintain high levels of customer service for its European-wide customer base of family offices, high net worth private clients and institutional investors.

"Our portfolio and relationship managers frequently travel across Benelux and it is vital that they can easily access the client data they need, from multiple locations. With activebank Wealth Manager, our staff access a central repository of client data, from which they can securely download everything they need onto their laptops, giving them the flexibility to access client data at anytime and in any location," said Arnold Bon, investment director at Orbit. "activebank Wealth Manager enables our portfolio and relationship managers to display, analyse and manipulate the data during client meetings, providing a faster, more efficient and more client-friendly portfolio management process."

Financial Objects' solution further underpins the tailored portfolio management service that Orbit provides to its customers by automatically creating customer valuations and statements using data held in activebank Wealth Manager.

Bon continued, "Financial Objects' activebank Wealth Manager is a powerful application that equips us with the breadth of functionality our business needs to manage different types of investment portfolios."

"We are proud to play a part in Orbit's ongoing and future success as it continues to grow its business," said Gary Linieres, sales director, Financial Objects. "Orbit joins a growing number of investment management firms in Luxembourg who are using our financial services software solutions. Orbit's license of activebank Wealth Manager reinforces the success and relevance of our solutions to leading-edge financial institutions in an important European marketplace."

activebank Wealth Manager supports both private banking and institutional clients. The solution delivers value across the full business lifecycle of an asset manager, from asset allocation to ongoing portfolio management, risk and performance measurement and high quality client reporting.

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