Private Wealth Systems, a provider of investment reporting software and services to HNW clients, private banks and family offices, has introduced the latest version of its investment reporting platform.
Designed to support the complexities of high net worth and ultra high net worth wealth, the updated version will enable HNW investors, family office staff and wealth managers to manage their own data. It will also allow users to directly create and edit their own entities, accounts, securities, and transactions.
The company said that this version supports all transaction codes across all asset classes and global jurisdictions including; standard marketable securities, structured products, alternative assets including private equity, hedge funds, real estate, direct investments, and physical assets such as art and collectibles regardless of country or currency.
The platform also adds a suite of multi-currency reporting options alongside interactive drill-down capabilities that allow users to seamlessly look through partnerships and other complex entity structures to understand their full exposure to a given security, sector, strategy, asset class, manager, or country for faster, more accurate decision making, it added.
Private Wealth Systems CEO and co-founder Craig Pearson said: "Private Wealth Systems is once again leading the financial technology and private wealth industries as we bring the power of disparate legacy back-office systems and processes together into a single, fully-integrated software platform and deliver complete, one touch mobile control to those who manage complex wealth.
"High net worth investors and their advisors want the freedom to use our software and our services on their own terms, and we are excited to offer the power of personal control and privacy to those clients who prefer to control all aspects of the day-to-day operations, from data management through to investment reporting, themselves."