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Tech firm to help wealth management firms provide advice

Consultancy and software provider Focus Solutions has launched two new products to help wealth managers offer joined up advice and discretionary fund management services.

Tech firm to help wealth management firms provide advice

Consultancy and software provider Focus Solutions has launched two new products to help wealth managers offer joined up advice and discretionary fund management services. 

Focus:wealth will provide firms with financial planning and portfolio management capabilities, and can be easily integrated with existing systems. It is expected to simplify and streamline business processes and help wealth managers create personalised suitability letters among other things. 

In addition, the firm has unveiled Wealth Hub, a new service that will bring together focus:wealth and other technologies: Bita Wealth, Bita Risk and Imix by Investment Software.

Bita Wealth specialises in suitability risk profiling, investment management and monitoring, while Imix focuses on portfolio management and back office solutions. 

Dave Upton, managing director at Focus Solutions, said: 'A lot of private client businesses are trying to bring new propositions to market, built around a disconnected toolset, which means they’re building inefficiency into the heart of what they’re doing. 

'We’ve built focus:wealth on the same tech stack that powers the rest of our software - that means firms can have a fully integrated, fully joined up advice and DFM offering sitting on a shared collaboration platform.

'The wealth hub partnership adds best-in-class portfolio and risk management capabilities from Imix and Bita, making this an important development for the industry.'

Imix also provides capital gains tax reporting and fee calculation and reporting. 

See: nine wealth firms that are entering financial planning 

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