Reporting specialist Multrees Investor Services has launched an interactive web portal, which it said would help wealth managers manage client assets more efficiently.
Multrees Compass offers a suite of integrated services, including content management, portfolio modelling, order management and accounting, multi-level business intelligence reporting, and analytics.
These services can be tailored to each wealth adviser according to their requirements.
'It is crucial that we continue to invest in technology to be able to adapt quickly and efficiently to changes in the wealth management industry. Our clients have unique requirements and their resources are finite,' Multrees chief executive Chris Fisher said in a statement.
'They want easy access to professional information and control over their clients’ investments to provide a premium service that addresses new regulation. We are committed to providing this support so that clients remain at the forefront of the industry.'
Chairman Nigel Pilkington added: 'Multrees has really listened to the industry, thus showing their commitment to supporting clients through dynamic technology solutions, quality products, and effective services that help them to grow their businesses.
'It’s another milestone on the journey, empowering wealth managers to focus on addressing the multiple needs of their clients and to safely and easily navigate the increasingly complex wealth management marketplace.'
Multrees was founded in 2010 by Fisher and Chris Newsam and now has £7 billion under adminstration and has bases in in Edinburgh and London.
The portal has been launched as wealth firms grapple to upgrade their technology systems to meet growing regulatory demands.