Innovest Systems, the New York-based technology firm for trust and wealth management companies, has made its InnoVue product accessible via the iPhone.

Following this development, Innovest’s client firms and their customers can access its trust and wealth management platform, InnoTrust, via their mobile phones – allowing them to view account and portfolio information on the move.

Additionally, in accessing portfolio data via the iPhone’s web browser, users of the new facility can drill down into greater levels of detail, including a portfolio overview, a list of investments and tax information, Innovest said in a statement. Charts and graphs are also available to present asset allocation percentages and relative market values.

"We are committed to providing our clients with convenient yet highly secure ways to access account and portfolio information. By making this information accessible via the iPhone, we afford trust and wealth management firms using our InnoTrust product the opportunity to serve their customers wherever and whenever those customers choose," said William Thomas, Innovest's chief executive officer.

The rising use of mobile technology looks set to revolutionise the way banks do business as time-poor clients increasingly demand “anywhere, anytime” access to their banking services. A report by Juniper Research, for example, estimates that over 150 million people worldwide will use their mobile phone to view their bank details by 2011.