Wealth Management Software Development

Portfolio management system maintaining a position record for each client portfolio -- the holdings, the quantities, the cost basis, the current valuation, and the portfolio's cash balance -- updated from custody transaction feeds and valuation data. Transaction processing recording every buy, sell, corporate action, dividend, and income receipt against the portfolio with the settlement date, the price, and the resulting position change, producing an accurate and up-to-date position record at all times. Multi-asset class support covering listed equities, fixed income, funds and ETFs, alternatives, and cash across multiple currencies, with each asset class's valuation and income treatment handled appropriately within the same portfolio record. Model portfolio management maintaining the target allocation for each model portfolio -- the asset classes, the instruments, and the target weights -- and calculating the drift between the client's actual allocation and the model for rebalancing assessment. Cash management tracking the cash balance within each portfolio, the upcoming settlement obligations, and the income receipts due from held positions, with the cash flow projection available for the portfolio manager's liquidity planning.

Performance calculation computing time-weighted returns for each client portfolio at the configured reporting frequency -- daily, monthly, and quarterly -- using the Modified Dietz or the GIPS-compliant methodology specified for the product. Benchmark comparison calculating the portfolio's return against the relevant benchmark -- a market index, a composite benchmark, or a bespoke benchmark specific to the client's mandate -- with the relative return and the tracking error shown alongside the absolute return. Attribution analysis decomposing the portfolio's return into the contribution from asset allocation decisions and the contribution from security selection within each asset class, giving the portfolio manager a structured view of where performance was generated. Performance reporting producing the client's performance summary for the reporting period -- the opening value, the closing value, the net contributions, the income, and the capital return -- in the format specified for client communication, whether regulatory disclosure or investment management reporting. Composite performance calculation for asset managers required to report performance for client groups on a composite basis under GIPS or similar standards, aggregating performance across the portfolios in each composite and calculating the composite return and dispersion.

Risk profiling questionnaire assessing the client's investment objectives, risk tolerance, investment horizon, and financial circumstances through a structured questionnaire, with the responses mapped to a risk score and a corresponding model portfolio from the product's portfolio range. Model portfolio construction defining the target asset allocation, the permitted instruments, and the rebalancing tolerance for each risk-rated model, with the portfolio construction methodology documented for regulatory suitability purposes. Automated rebalancing calculating the trades required to bring each client portfolio back within the configured tolerance of the model allocation when drift exceeds the threshold, and submitting the trade instructions to the execution platform for processing. Execution connectivity connecting to the execution platform -- a direct market access broker, a fund platform, or a transfer agent -- to submit trade instructions, receive execution confirmations, and update the portfolio positions. Client communication generating automated portfolio notifications for clients -- the monthly valuation statement, the rebalancing notification, and the annual review invitation -- without adviser intervention for portfolios managed within the automated service.

Custody integration connecting to the client's custodian or the platform's central custodian through the custodian's API or file-based data feed, pulling position data, transaction history, and settlement status in real time or at the configured refresh frequency. Transaction reconciliation matching the transactions in the portfolio management system against the custodian's transaction records, identifying discrepancies -- trade booking errors, corporate action differences, or fee posting mismatches -- for investigation before they propagate into performance calculations. Corporate action processing handling dividends, interest payments, rights issues, stock splits, and fund distributions against the affected positions in the portfolio, with each corporate action event processed consistently across all portfolios holding the relevant security. Settlement tracking monitoring the settlement status of pending trades against the expected settlement date, flagging failed settlements for the operations team's attention before the settlement failure affects the portfolio's cash position. Multiple custody relationship management for wealth managers who hold client assets with more than one custodian, consolidating position and transaction data from each custodian into the portfolio management system's unified client view.

Client record management storing the client's personal details, financial circumstances, investment objectives, risk profile, and regulatory status in a structured format linked to their portfolio record, with the record updated at each client review and the previous version retained for regulatory evidence. Suitability assessment workflow capturing the information required for the FCA's suitability obligations -- the client's knowledge and experience, their financial situation, and their investment objectives -- with the assessment linked to the recommended portfolio and the rationale for the recommendation documented within the workflow. Suitability report generation producing the client's suitability report from the assessment data in the format required for FCA-regulated advice, with the key risk warnings, the product description, and the adviser's recommendation presented in the regulatory disclosure format. Client review scheduling managing the periodic review obligation for discretionary and advisory clients, generating review invitations at the configured frequency and tracking the review completion against the client record. Vulnerable customer identification and management capturing vulnerability indicators for clients identified as potentially vulnerable, with the flag visible to all staff handling the client's account and the additional care steps required for vulnerable clients documented in the client record.

Client valuation report produced at the configured frequency -- monthly or quarterly -- showing the portfolio's holdings, the current valuation, the period performance, and the income received, formatted to the standard the product requires for client communication or to the custom template the wealth manager uses for their client communications. Tax reporting producing the client's annual tax summary -- the income received, the capital gains realised, the losses available for offset, and any tax-exempt income -- in the format required for the client's self-assessment tax return, with the data calculated from the portfolio's transaction records rather than assembled from custody statements. CGT optimisation reporting identifying the disposals available within the client's annual CGT allowance and the tax-loss harvesting opportunities within the portfolio, presented to the portfolio manager or the client as a planning input rather than an automated instruction. MiFID II or COBS reporting for regulated investment management firms, producing the regulatory cost and charges disclosure and the portfolio performance reporting in the format required by the applicable regulatory standard. Consolidated reporting for clients with multiple portfolios or multiple custodian relationships, presenting the whole-of-wealth view with performance, income, and tax calculated across all portfolio components.