Misys announced today the release of a new version of Apollo for Personal Wealth Management – its portfolio management system for managers of private clients.
Apollo for Personal Wealth Management now offers UK-specific functionalities, such as the handling of tax efficient savings vehicles (ISAs and PEPs) and the ability to interface to any UK capital gains tax (CGT) calculator. The latter functionality – provided through CGix, a solution from Financial Software Ltd – is central to the UK private wealth management decision-making process.
Chris Potts, CEO, Misys Asset Management Systems, says: “Apollo for Personal Wealth Management has been developed to deliver the specialist requirements of private clients managers in their own markets. With the new CGT calculation tool integrated into the heart of Apollo, we not only offer a key solution for UK private wealth management investment processes, but also conclude full UK localisation of the system.”
David Pirrie, technical director, Financial Software Ltd, adds: “Misys Asset Management Systems was the first company to work with us to design and develop integrated CGT ‘What-if’ functionality. The link between Apollo for Personal Wealth Management and CGix, our CGT software solution, is a powerful combination that the UK private wealth management market demands.”
Potts concludes: “At Misys Asset Management Systems, we’ve conducted extensive research and implemented key enhancements to ensure Apollo for Personal Wealth Management specifically meets the needs of the private client arena. Apollo for Personal Wealth Management is now completely suited to the UK private wealth market.”
Further enhancements in this release include: superior analysis, valuation and pricing capabilities; investment constraint management through improved compliance; automated modelling and client reporting database and tools. These functionalities give investment managers absolute control over investments and operational risk to deliver consistent portfolio performance.