This publication reports on the latest product and service launches in the world's wealth management sector.

Profile Software, an international financial solutions firm, has brought out its latest upgrade to Axia, its web-based wealth management and family office platform. 

The upgrade includes new attributes such as instrument types, transaction types, analytics, interfaces and features, said the firm, which has offices in Europe, the Middle East, Africa and Asia.

Axia gives users information about private equity funds and real estate instruments, particularly addressing the needs of family offices, Profile Software said.

The platform’s payments transaction types support family offices and wealth managers’ operations for outgoing funds transfers, with workflows set up for internal approvals and automatic generation of relevant bank instructions forms. Incoming funds transfer transactions are also supported.

New custodian banks' interfaces have been added that allow for transactions and outstanding positions’ reconciliation with international banks, thereby saving time and money.