RiskTech Forum

Profile Software Enhances its Wealth Management Platform with MiFID II Capabilities

Posted: 19 May 2017  |  Source: Profile Software


Profile Software, an international financial solutions provider, today announced the enrichment of Axia, its leading web-based platform for wealth management across all service lines, with new advisory service capabilities in light of the forthcoming MiFID II regulation.

Axia is the next generation in web-based, omni-channel solutions for the wealth management industry and can be effectively deployed either on-premises or in a secure private cloud environment, depending on the organisation’s preferences. It already counts successful implementations, having enthusiastic market recognition due to its elegant design, practical and industry-specific functionality as well as its customisable look and feel.

Axia has been continuously enriched to accommodate new functionality across various wealth management services. The latest addition includes new features that enhance advisory services. Specifically, advisory services apart from client onboarding, financial planning, client classification and profiling questionnaires (KYC, appropriateness, suitability), required documents collection and renewal, regular client reporting, notification and secure messaging, now also provide enhanced investment proposals with additional comparison and simulation capabilities, rebalancing, automated recommendations, interactive self-service investment proposal options, ex-post and ex-ante costs analysis, risk assessment and action plan formulation. In addition, investment strategies allow the definition of multi-dimensional model portfolios and tactical asset allocations that can group (if needed) a number of financial products.

Furthermore, Axia incorporates a set of other functions that have been enriched and relate to charges management, portfolio risk analytics, SWIFT interface, integration with numerous major international banks as well as rule-based alerts, to name a few.

The platform with only a couple of years in the market enjoys an exponentially increasing number of implementations that range from front-end only use to end-to-end solution deployment, effectively covering the needs of the Wealth / Asset Management and Family Office businesses.