JBWere, the Australian investment firm, has selected the Apollo for Personal Wealth Management system from Misys Asset Management Systems.
Apollo is to be implemented by JBWere’s retail division and will support a number of retail products, beginning with Portfolio Advantage -a wrap service for investors with US$60,000 or more to invest.
It is intended that Apollo for Personal Wealth Management will go live later in 2003 and streamline the portfolio management process by replacing existing interim systems that support Portfolio Advantage. Delivered as an outsourced bureau service, Apollo for Personal Wealth Management delivers a more scalable and consistent operational capability. It will be used for bulk processing, sophisticated modelling and performance reporting across a number of JBWere’s retail products
“Misys Asset Management Systems understand our business,” says Philip Roe, senior manager, retail business solutions, at JBWere. “Apollo for Personal Wealth Management has been designed with the functionality we need now and importantly the capacity to grow with our business.”
Chris Potts, CEO, Misys Asset Management Systems, adds: “By providing Apollo for Personal Wealth Management as a bureau service, our aim is to let the team at JBWere do what they do best – delivering investment performance – while we look after the technology.”
Apollo for Personal Wealth Management includes the following functionalities: analysis; valuation and pricing capabilities; compliance; automated modelling; and client reporting database and tools.