Misys Asset Management Systems Ltd today announced the launch of Altimis – a portfolio management system aimed exclusively at the UK private client investment management and stockbroking sector.
“Altimis provides wide-ranging and rich functionality in a single and real-time offering,” says Misys. “Available as an Application Service Provider (ASP) orin-house system, Altimis supports all aspects of the investment management process and enables Straight-Through-Processing (STP) from the investment decision through to trade settlement and client confirmation. Using Altimis, the investment manager has full control over the complete investment process to ensure orders are monitored, compliance with client and regulatory investment guidelines are adhered to and timely settlement is completed.”
Chris Potts, CEO, Misys Asset Management Systems, says: “Altimis enables the investment manager to focus efforts on providing a high-quality service that delivers consistent investment performance to their clients. The system is flexible and configurable and improves the client offering across the full range of discretionary, advisory and execution only services.”
To become an Altimis user, the interested firms will need to pay a relatively modest once only price to be set up on the system, and thereafter, ongoing costs will be based on a-per transaction pricing model. This ensures that costs associated with the use of Altimis will vary on the number of transactions being processed.
Major features of Altimis include: real-time portfolio management and STP from order placement to client payment – once contracted the transaction will be sent automatically for settlement in CREST or via SWIFT to the custodian; intuitive client-centric front end; corporate event and cash management; scalability and easy design of client-facing documentation.
Potts continues, “We feel that there is a whole raft of the smaller private wealth managers that we believe are not particularly well served. Altimis is intended to give these firms a far better deal than they are currently getting from our competition.”
Potts concludes: ” In a competitive marketplace, it’s essential for our clients to stay ahead as markets and asset management techniques continue to evolve. We’ve designed Altimis to enable the fund manager to focus on satisfying client’s needs efficiently and cost effectively. And we’ll continue to develop and deliver solutions to ensure our customers can meet their changing client requirements.”