Cainsoft, a Florida-based software development focused on wealth and fund managers, says seven investment management firms have chosen its MARS application for client reporting and proposal creation.
“We are pleased that the market has responded so favorably to our new product. Investment management firms spend a lot of money each year on portfolio management technology. MARS allows them to unlock the data contained within those systems to better serve their existing and potential clients,” says Robert Cain, President of Cainsoft.
The company describes MARS is a software application that allows users to create investment reports at the investor, group, and firm levels.
“We’re a small firm with 140 separate accounts, 6 custodians and limited resources,” says Joe Milan, President of Legacy Capital Management in Roseville, California. “With the combination of Advent ACD and MARS, we are able to complete our entire reconciliation, performance calculation, billing and data distribution by 4pm on the first day of the new quarter. Our management fees are wired into our company account the next day. Our quarterly process has turned into a non-event.”