Bricknode, a SaaS financial services platform, has launched a new portfolio management software application aimed at small family offices and corporate investors.
The new tool, Investment Manager, is a purpose-built solution that lets investors track all their assets and liabilities in one place, analyse performance and automate accounting.
The WealthTech company stated that demand for applications like Investment Manager has increased as the number of investment outlets has grown exponentially.
While the tool will see its full launch later this year, firms that express their interest in the tool can gain early access. These firms will be made eligible for an exclusive 60-day free trial.
Investors with holdings at different brokers, banks and alternative investing platforms need a way to aggregate their investments and track performance. Currently, firms are stuck with using spreadsheets for this, which are not suited for the job. The new solution aims to provide small firms with the right tools.
Bricknode founder and CEO Stefan Willebrand said, “At Bricknode, many of our employees manage their own investment portfolios and this gives us a unique advantage when creating tools like Investment Manager.
“Self-directed wealth managers are traditionally underserved when it comes to portfolio management software, so we’ve developed a solution to help them track and manage their investments with ease.”
The software is built on top of Bricknode Core and leverages the infrastructure which is typically only available to enterprise level financial institutions. The application is hosted on Google Cloud Platform and will be licensed through a SaaS subscription model.
The tool will be available to firms globally at launch and supports over 25 languages and multiple currencies.
Bricknode offers a suite of cloud-based software that empowers financial companies to launch digital banking products at speed. The platform lets customers build or transform software for investment management, funds, lending, deposits and savings.
The WealthTech company describes itself as the SpaceX of the financial industry.
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