Wealth Management Software (WMS) has launched what it describes as its
‘most complete multi-wrap solution’ which is designed to accommodate the emerging requirements of the financial services sector following pensions ‘A’ day in April 2006.
The LISA® multi-wrap solution includes support for;
• Equities, bonds, funds and cash holdings
• ISAs and PEPs
• ‘A’ day pensions including income drawdown
• Property asset management
• Child trusts
• Transfer agency for fund manufacturers
The new LISA® solution also includes a series of wealth manager front office functionality such as Internet based client reporting, portfolio modelling, performance measurement, document management and business process modelling and management.
Commenting on the launch of the new LISA® multi-wrap solution, Paul Foll, Group Sales Director of WMS said:
‘We believe that the LISA® multi-wrap solution is unique owing to the breadth of products and services that it supports. The solution offers a huge range of functionality for organisations such as fund supermarkets and it now also encompasses areas covering Property asset management, Child Trust Funds and the ‘A’ day pension structure.’
‘While have introduced this enhanced functionality, we have maintained our basic principle of having a single account per client, and the ability to deal with family groups in a coherent manner’
‘Our long-term plan is to incorporate retail banking capabilities into the
LISA® solution, to further satisfy the demand for services akin to private banking which are increasingly being offered by investment houses, banks, building societies, IFAs and fund supermarkets. We also believe that administrators to the multi-wrap market will benefit from a solution based upon the holistic approach that we have developed.’