Integrated web-based platform addresses major challenges faced by the
Canadian wealth management community
TORONTO, Sept. 19, 2012 /CNW/ - IRESS today announced the release of its
powerful Private Wealth Management (PWM) software platform in Canada,
building on its long-standing presence as a leading supplier of market
data and equity trading solutions. The launch into North America
further extends the global coverage of the solution, already widely
deployed in Australia, New Zealand, South Africa, Asia and the United
"As already demonstrated in other regions, IRESS Private Wealth
Management has proven to effectively meet the key challenges facing
today's wealth management professionals," said Michael Harrison, VP of
Sales for IRESS Canada. "The solution readily adapts to evolving
regulatory changes, drives cost reduction through improved efficiencies
and broadens revenue generation through enhanced relationship tools.
As a mature, highly customizable platform, we believe this solution
will create tremendous opportunities for our clients."
Offering '360 degree' functionality, financial and investment advisors
can utilize IRESS PWM to support the following objectives:
Manage client contacts, relationships and campaigns: The IRESS PWM Customer Relationship Management (CRM) module enables
advisors to track and classify clients and prospects, establish and
track sales tasks, and set up and maintain sales campaigns and social
Monitor Canadian and international markets in real time: Utilizing IRESS' ultra-low latency Market Data infrastructure, the
IRESS PWM advisors to assess market sentiment and volatility, monitor
price and liquidity movement and perform market analytics. Integrated,
innovative tools such as Market Map provide rapid market activity
visualization and tracking across Canadian and International market
Model, compare and contrast client portfolios: To assist clients in making investment decisions balancing risk and
return, advisors can model, compare and contrast portfolios against a
range of flexible adjusted and manually set benchmarks. Advisors can
help clients rapidly assess the impact of specific investment choices,
and develop a more sophisticated view of investing.
Online client engagement: The secure client portal allows advisors to easily share client
personal, portfolio, performance and investment information. The
portal can facilitate and extend the advisor's relationship with the
client by providing an interactive conduit for the exchange of a broad
range of relevant information.
Generate single and bulk orders for execution: Advisors can "close the loop" between portfolio decisions and
holdings by creating single and bulk order execution. Fills can be
automatically allocated directly back to portfolios.
Easily configure compliance rules and alerts: IRESS PWM can be easily configured for regional and jurisdictional
specific compliance frameworks, and provides pre-trade and post-trade
compliance checks ensuring portfolios adhere to business policies and
"We're immensely proud to be introducing IRESS Private Wealth Management
to the Canadian market," said Jim Davies, President and CEO of IRESS
Canada. "In terms of scale and functional integration, it sets a new
standard for financial and investment advisor platforms in Canada. We
believe that this is an opportune time to bring this solution to Canada
as firms adapt to new regulatory frameworks. Advisors and their
clients can now interact to develop the right investment strategies
with a completely new level of ease, transparency and confidence."
The announcement of IRESS PWM follows several recent announcements by
IRESS about the release of a new institutional trading platform, a new
FX handling module and support for multi-leg options and futures
For a demonstration of the IRESS Private Wealth Management, please
contact email@example.com or call 416-907-9218.
SOURCE: IRESS Canada Holdings Ltd.
For further information:
VP of Sales